Canadian Public M&A Deal Study 2018

The 10th annual Blakes Canadian Public M&A Deal Study focuses on recurring and emerging issues in the structuring and negotiation of target-supported public company acquisitions in Canada. The topics covered in the study range from overall transaction structure and timing (such as the strategic review process, the formation of special committees and the nature of fairness opinions obtained), to specific contractual provisions (such as regulatory conditions, break and reciprocal break fees and non-solicitation provisions).

Blakes prepared the study based on a review of the 50 largest Canadian target-supported transactions announced between September 1, 2016 and August 31, 2017, excluding transactions initiated without target support. Where noted, we have included data from prior Blakes studies, resulting in deal information taken from over 500 transactions. For additional information on the method used to prepare the Study and the transactions reviewed, see Appendices A and B.

We invite you to review the results of the Study, which we hope will provide you with valuable insight for future transactions.

To receive a copy of the Blakes 2018 Canadian Public M&A Deal Study, please contact Daniela Conti

Blakes and Blakes Business Class communications are intended for informational purposes only and do not constitute legal advice or an opinion on any issue.

We would be pleased to provide additional details or advice about specific situations if desired.

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