22 LEXPERT MAGAZINE
|
NOVEMBER/DECEMBER 2018
BIG DEALS
ed its acquisition of Hiku Brands Company
Ltd. (Hiku) by way of plan of arrangement
(the Arrangement).
Pursuant to the Arrangement, Canopy ac-
quired 100% of the issued and outstanding
common shares of Hiku and Hiku share-
holders received 0.046 of a Canopy common
share in exchange for each Hiku share held
immediately prior to the closing.
Hiku is focused on building a portfolio of
engaging cannabis brands with a national re-
tail footprint led by Tokyo Smoke.
Cassels Brock & Blackwell LLP acted
for Canopy with a deal team that includ-
ed Paul Stein, Jeffrey Roy, Jamie Litchen,
Jonathan Sherman and Miriam El Ofir
(securities, M&A and cannabis), Carla Pot-
ter (financial services), Ardy Mohajer and
Kwaku Tabi (real estate), Chris Hersh (com-
petition), James Morand (tax) and Brigeeta
Richdale (litigation).
Dorsey & Whitney LLP acted as United
States counsel for Canopy.
Wildeboer Dellelce LLP acted for Hiku
with a deal team that included Jeff Hergott,
Rob Wortzman, Rebecca Cochrane and
Amir Torabi (corporate and securities) and
Katy Pitch (tax).
Blake, Cassels & Graydon LLP acted as
competition and litigation counsel for Hiku
with a deal team that included Navin Joneja
and Jim Robson (competition) and Sean
Boyle (litigation).
Energy & Power Pipelines
Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
BAYER AG DIVESTS
$9B AGRICULTURE
BUSINESS TO BASF
CLOSING DATES: AUGUST 1 AND AU-
GUST 16, 2018
In separate closings on
August 1 and August 16, 2018, Bayer AG,
a global enterprise with core competencies
in the Life Science fields of health care and
agriculture, completed one of the largest an-
titrust enforcement divestitures in history
by selling their agricultural businesses and
assets for US$9 billion to German chemical
company BASF SE.
e assets included Bayer's canola, soy-
bean and vegetable seed businesses, as well
as its Liberty herbicide business, all of which
competed with Monsanto products.
German in-house lawyers omas Reuter
(corporate) and Paul Fort (merger control)
led the global effort for Bayer, assisted in the
US by John Fred (antitrust) and in Canada
by Curtis Bunz (corporate). German in-
house lawyer Sascha Reichardt led the global
effort for BASF, assisted by Melanie Stevens,
Eva Rayle and Danielle Reid in the US, and
in Canada by Marie-Eve Rehayem, Marian
Van Hoek and Sean Morrison.
Sullivan & Cromwell LLP acted as glob-
al lead counsel to Bayer on the deal, with a
corporate team led by Matthew Hurd in
New York and supported by Tyler Hill, Evan
Simpson and Oscar Hayward in London,
and the global merger control effort was co-
led by Juan Rodriguez and Axel Beckmerha-
gen in London, and by Steve Holley, Dustin
Guzior and Brad Smith in New York, and by
Eric Krautheimer in Los Angeles.
Bayer was represented by Dentons Can-
ada LLP in respect of corporate matters in
© 2018 Thomson Reuters Canada Limited
00250QW-91913-CE
Marcy practised at Blake, Cassels
& Graydon LLP.
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