Month: July 2013

Stikemans spearheads; Davies and BLG advise on HBC’s $2.9B luring of luxury retailer Saks

Exactly two weeks after Canada’s retail make-up was changed when its biggest grocer, Loblaws, bought its biggest pharmaceutical chain, Shoppers Drug Mart, North America’s oldest commercial corporation today announced that it entered into a merger agreement to bring New York-based luxury retailer Saks Fifth Avenue north of the border, with Stikemans, Davies and BLG advising

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Loblaw-Shoppers Merger: Torys, BLG, and Osler among key players in blockbuster $12.4B retail deal

Under pressure from powerhouses Wal-Mart and Target, Loblaw Companies, Canada’s largest food retailer, announced Monday that it will buy Shoppers Drug Mart for $12.4 billion in cash and shares, with firms Torys LLP, Borden Ladner Gervais LLP, and Osler, Hoskin & Harcourt LLP advising the retail giants. Shoppers Drug Mart, Canada’s biggest pharmacy chain, saw

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How Bad is the Big Deals Drought?

July 4 — This month’s issue of Lexpert includes an astonishing little table on blockbuster deals, and the numbers go a long way to explaining the M&A malaise that deal lawyers are feeling right now. The table ignores total deal volume to focus only on the biggest, highest-profile transactions — the kinds of deals a

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Are regulatory lawyers the new rainmakers?

Lexpert’s July/August issue is out and the cover story asks the provocative question whether regulatory lawyers are becoming more important than traditional M&A lawyers at business law firms. Given that, among at least one of Canada’s major firms, the highest-paid partner is a regulatory lawyer (according to our writer Julius Melnitzer’s research), this may not

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