Alex Gorka Alex Gorka

Declining hostile bids, IPOs and public companies

Canada has seen a decline in hostile take-over bids and a rise in shareholder activism, alongside a continued decrease in IPOs suggesting policy...

Navigating control transactions: clarifying acceptable conduct boundaries

We review recent Canadian securities regulatory authority decisions that impact control transactions.

Corporate transparency registers: what private companies need to know as requirements get stricter across Canada

Requirements for private companies to disclose corporate ownership information on “transparency registers” have swept across Canada. We explain...

Ontario Capital Markets Tribunal clarifies considerations for a private placement in the face of an unsolicited takeover bid in Aimia

The OSC has provided helpful guidance in assessing whether a private placement undertaken in the face of a take-over bid is an improper defensive...

Private to public and back again

Canadian initial public offering (IPO) activity boomed from 2018 to 2021, with transaction volumes peaking in 2021.

Impact of transparency register requirements on financial sponsors

In recent years, new requirements for private companies to disclose corporate ownership information have proliferated across Canada.

Ontario Superior Court rules on fair value in Baffinland dissent decision

In a recent decision, the Ontario Superior Court of Justice (Commercial List) found that the price at which a takeover bid process was ultimately...

Top Canadian public M&A legal developments in 2022

The pace of Canadian M&A activity slowed in 2022 relative to record deal activity levels in 2021. I

PIPE Transactions in Canada

This guide provides a high-level overview of private investments in Canadian public equities (PIPE), including common areas of negotiation, strategic...

Cineplex awarded $1.2 billion by Ontario court for ‘busted deal’

In a highly anticipated decision, an Ontario Court has held that Cineworld improperly terminated its December 2019 agreement to purchase Cineplex’s...