The government is proposing a legislative change that would require the Minister of Industry to give reasons for any rejection under the Investment Canada Act, whether initial or final. Presently, the Minister is only obliged to give written reasons in the event of a final rejection. As we saw in 2010, the Minister issued an initial rejection of BHP Billiton Ltd.’s bid for Potash Corp. and BHP then … Continue Reading
About This Blog
This blog voices our perspectives on developments in M&A and private equity, comments on the impact of changes to corporate-commercial laws as they may affect M&A activity, relates insights derived from our experiences handling some of the largest and most complex transactions, and shares best practices from our adventures in deal-making.