Tag Archives: acquisitions

ILN Today Post

How to Avoid “Gun Jumping” in Corporate Transactions

Until closing, parties to a merger, acquisition, or similar transaction must remain independent competitors. Failure to do so is known as “gun jumping” and can be a simultaneous violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) and Section 1 of the Sherman Act.

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Clark Wilson Acts for PIRET in $72 Million Acquisition

Clark Wilson client Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) completed the purchase on June 17, 2103 of four industrial properties in Calgary, Alberta, comprised of two single-tenant and two multi-tenant properties having a total of over 720,000 square feet of leasable premises, for a total purchase price of $72 million. James Speakman and Shauna Towriss worked on the deal with assistance from paralegal Wendy Ng. PIRET’s year-to-date 2013 acquisitions total 75 properties having a total of 5.8 million square feet of leasable premises and a total purchase price of $577.3 million. Clark Wilson is lead securities, real estate and corporate counsel to PIRET. PIRET is the largest internally managed publicly traded REIT in Canada that offers investors exclusive exposure to Canada’s industrial asset class.

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Acquiring Contracts in the Purchase of a Business

By Rachelle Mezzarobba

When acquiring a business, often a key component is the contracts to which the company is a party to. Whether they are contracts with customers and the source of a company’s revenue, contracts with service providers or various licensing agreements that allow the company to operate, or a lease for a particularly favourable location or on particularly favourable terms, a company’s contracts are often an important part of a business, adding substantial value. Ensuring the transfer of any such contracts can significantly impact the structure and timing of the acquisition of a business. The following article outlines the rules and exceptions with respect to transferring contracts and the effects of such rules and exceptions in the context of the purchase and sale of a business.

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ILN Today Post

Lefèvre Pelletier & associés advises SOCOTEC in the acquisition of a 40% stake in Rincent BTP

SOCOTEC, the provider of risk management and performance enhancement services, continues its external growth strategy with success.

After its acquisition of a 100% stake in Ideation Techniques and TCP specialized in electrical equipment controls in December, SOCOTEC has just taken a 40% stake in Rincent BTP, a major public work player in measurement and testing. More…

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Malsena acquired Latvia’s leading flour producer from Lantmännen

“Malsena”, one of the biggest and advanced grain processing industrial groups in Lithuania, expanded its market coverage by acquiring Rīgas Dzirnavnieks in Latvia. Rigas Dzirnavieks is a leading company in the field in Latvia and prior to acquisition was a part of a part of Lantmännen group, which is one of the largest groups in food, energy and agriculture sector in Northern Europe. Following the completion of the transaction Malsena will become the largest flour producer in the Baltics.

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Malsena acquired Latvia’s leading flour producer from Lantmännen

“Malsena”, one of the biggest and advanced grain processing industrial groups in Lithuania, expanded its market coverage by acquiring Rīgas Dzirnavnieks in Latvia. Rigas Dzirnavieks is a leading company in the field in Latvia and prior to acquisition was a part of a part of Lantmännen group, which is one of the largest groups in food, energy and agriculture sector in Northern Europe. Following the completion of the transaction Malsena will become the largest flour producer in the Baltics.

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Malsena acquired Latvia’s leading flour producer from Lantmännen

“Malsena”, one of the biggest and advanced grain processing industrial groups in Lithuania, expanded its market coverage by acquiring Rīgas Dzirnavnieks in Latvia. Rigas Dzirnavieks is a leading company in the field in Latvia and prior to acquisition was a part of a part of Lantmännen group, which is one of the largest groups in food, energy and agriculture sector in Northern Europe. Following the completion of the transaction Malsena will become the largest flour producer in the Baltics.

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SOPREMA Inc. acquires remaining interest in Convoy Group of Companies

A team led by Clark Wilson’s Barry Fraser and Brock Johnston, with support from Amaan Gangji and Seva Batkin, assisted SOPREMA Inc. in gaining full ownership of the Convoy Group of Companies through their purchase of the half interest they did not already own. The purchase price for the shares and shareholder loans of Convoy, a distributor of roofing and water proofing supplies, exceeded $100 million.

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Clark Wilson closes $48 million PIRET acquisition

On September 28, 2012, James Speakman and Shauna Towriss assisted in the completion of PIRET’s $48 million acquisition of five industrial properties in Alberta and BC. This raises the REIT’s portfolio to a total of 77 industrial properties with a combined gross leasable area of 5.4 million square feet. Net proceeds from PIRET’s previously announced public offering of 7,015,000 trust units at a price of $4.95 per unit were used to acquire the properties.

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China Merger Control Watch (15) MOFCOM Conditional Clearance of United Technologies – Goodrich Merger

On Friday, 15 June 2012, the Ministry of Commerce of China (MOFCOM) conditionally cleared United Technologies (UTC)’s $16.5 billion acquisition of Goodrich, which is the 7th decision published in the last 8 months (A total of 15 merger review decisions were published since 2008). Attached please find a bilingual version of the UTC – Goodrich decision prepared by Zhong Lun antitrust and competition team for your reference.

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