LEXPERT RANKED LAWYERS
Dubé, Georges
Bennett Jones LLP
(416) 777-7446
dubeg@bennettjones.com
> Mr. Dubé has extensive experience in public corporate
securities, M&A and corporate governance matters in the
context of domestic and cross-border transactions. His practice
involves a number of industries, particularly mining.
Egan, Wayne T.
WeirFoulds LLP
(416) 947-5086
wegan@weirfoulds.com
> Mr. Egan, chair of the firm's securities practice group, provides
customized legal advice to private and public companies on
various financing and regulatory matters, including IPOs, private
placements, M&As, governance and stock exchange listings.
Findlay, Norman F.
Bennett Jones LLP
(416) 777-6077
findlayn@bennettjones.com
> Mr. Findlay is primarily engaged in securities law with an
emphasis on public offerings, M&A and take-overs with a focus on
the mining industry. His practice also involves private placements
of debt and equity and general corporate transactions.
Goldman, Jay
Cassels Brock & Blackwell LLP
(416) 860-6474
jgoldman@casselsbrock.com
> Mr. Goldman's securities and corporate finance practice
embraces structuring and negotiating M&A, securities, joint
venture and commercial transactions. His clients include issuers
and investment dealers/advisors, many in the mining sector.
Goldman, Paul L.
Goodmans LLP
(604) 608-4550
pgoldman@goodmans.ca
> Mr. Goldman practises corporate securities, M&A, governance
and mining law. He has acted for some of Canada's most notable
mining industry participants, and was lead counsel to Ivanhoe
Mines in the $7.3-billion financing of its Oyu Tolgoi mine.
Goldsilver, Erik
Cassels Brock & Blackwell LLP
(416) 860-2901
egoldsilver@casselsbrock.com
> Mr. Goldsilver's corporate/commercial practice focuses on the
mining and energy sectors, advising corporations, governments
and First Nations on cross-border M&A, amalgamations,
restructurings, joint ventures, divestitures and project finance.
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LEXPERT
| 2013/14 | WWW.LEXPERT.CA
"THE WAY THE current
rules work [in Canada], there's
a hearing at some point before
the Commission and ultimately
the plan goes away. It's very
unusual for the Commission
to let the board just say no,
so the bidder knows that
there's an end game."
– John Turner, Fasken Martineau
DuMoulin LLP
perhaps wait for the cycle to turn."
The new proposals will also provide advantages during the development cycle, when resource projects can
be very susceptible to take-over bids.
"Resource projects get de-risked in the market's
eyes only as they come to completion, at which point
there is generally significant value accretion," Amm
says. "But while the development process is underway,
markets are not ready to give full credit to these projects, and that's a great time for someone to snap them
up. The availability of new tools to fend off such bids
should be a great comfort to boards whose companies
are in the development phase."
Paul Stein in Cassels Brock & Blackwell LLP's Toronto office believes the impact of the changes to the
poison pill regime will differ depending on the seniority of the target.
"To my mind, there's not a lot of hostile M&A activity regarding junior companies and as far as midcaps go, my own experience is that if the board can't
find a white knight within 60 days, it probably won't
find one," he says. "But I think there was a feeling
among regulators and stakeholders that larger senior
Canadian-based international companies needed
more time to get potential buyers to engage and compete, because there are only a handful of such buyers
around the world."