Corporate Governance Corporate Governance

ADENTRA Inc. in its Bought Deal Public Offering of Common Shares

On June 12, 2024, ADENTRA Inc. completed its bought deal public offering of 2,582,900 common shares for aggregate gross proceeds of $100,087,375. The offering was conducted by a syndicate of underwriters with National Bank Inc. and Cormark Securities Inc. acting as co-bookrunners. ADENTRA is...

Lead Office: Vancouver Date Announced: June 12, 2024 Value: Approximately $100.09 million

Battery Ventures in its $150 million acquisition of TrueContext Corporation

On May 16, 2024, Battery Ventures announced the completion of the previously announced plan of arrangement to acquire all of the issued and outstanding common shares of TrueContext Corporation for $1.07 per share in cash. Upon completion of the transaction, TrueContext became a privately held...

Lead Office: Toronto Date Closed: May 16, 2024 Value: $150 million

Monex Group in its acquisition of 3iQ Digital Holdings Inc.

On April 24, 2024, Monex Group, Inc. acquired the majority stake of Canadian digital asset fund manager, 3iQ Digital Holdings Inc. for an aggregate purchase price of approximately US$46 million.   This acquisition will strengthen Monex’s asset management capabilities and help...

Lead Office: New York Date Announced: April 24, 2024 Value: US$46 million

Milestone Pharmaceuticals in its public offering of common shares and pre-funded warrants

On February 28, 2024, Milestone Pharmaceuticals announced its underwritten public offering of its common shares and pre-funded warrants with proceeds of approximately $30.0 million. Milestone Pharmaceuticals, headquartered in Montréal, Québec, is a biopharmaceutical company focused on the...

Lead Office: Montreal Date Announced: February 28, 2024 Value: $30 million

ConocoPhillips in the sale of its interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of its western Canada Deep Basin gas assets, to Cenovus for total proceeds of C $17.7 billion.

Lead Office: Calgary Date Closed: May 17, 2017 Value: $17.7 Billion

Canadian counsel to Flughafen Wien AG in its indirect acquisition of SNC’s stake in MMLC Holdings Malta Limited

Osler acted as Canadian Counsel to Flughafen Wien AG in its purchase from SNC-Lavalin Group Inc.’s indirect stake in MMLC Holdings Malta Limited (formerly, SNC-Lavalin (Malta) Limited, “SNCL Malta”). SNC Malta has a 38.75% interest in Malta Mediterranean Link Consortium...

Lead Office: Montreal Date Closed: March 30, 2016 Value: €64 million

Hydro One Limited in its $1.83 billion Initial Public Offering

On November 5, 2015, Hydro One Limited, the largest electricity transmission and distribution company in Ontario, announced the closing of its initial public offering by way of secondary sale pursuant to which the Province of Ontario offered 81,100,000 common shares at $20.50 per share for total...

Lead Office: Toronto Date Closed: November 5, 2015 Value: $1.83 Billion

Magna International Inc. in securing court approval of the plan of arrangement for the company’s dual-class share capital reorganization.

Court approval was obtained in the face of concerted opposition from a group of institutional shareholders. The approval granted by the Ontario Superior Court of Justice was confirmed on appeal by the Ontario Divisional Court (2010). The transaction was also challenged by the Ontario Securities...

Lead Office: Toronto Date Closed: -- Value: $970 million