On Jan. 1, 2019, Alectra Utilities Corporation and Guelph Hydro Electric Systems Inc. completed the merger of their two electricity distribution utilities.
Alectra is now the largest municipally-owned electric utility in Canada by customer base, serving more than one million homes and businesses in Ontario's Greater Golden Horseshoe area.
Slaughter and May, alongside NautaDutilh, is advising SHV Holdings, a family-owned multinational, on the merger of its group company Dyas Holdings B.V. with Oranje-Nassau Energie B.V., in a combined entity to be called ONE-Dyas. On completion, SHV Holdings will hold a 49% shareholding in ONE-Dyas.
AS&H and Clifford Chance are advising on the first share exchange takeover offer in Saudi Arabia under the new M&A Regulations.
Proposed US$ 2.15 billion business merger between Sahara Petrochemicals Company and Saudi International Petrochemical Company marks an important milestone for public listed companies in the Kingdom.
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) and Clifford Chance are advising Sahara Petrochemicals Company on its proposed business merger with Saudi International Petrochemical Company (SIPCHEM).
Shanghai and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Fosun Tourism Group, one of the world’s leading leisure-focused integrated tourism groups, on its spin-off from Fosun International, its US$428 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. The Paul Hastings team advised Fosun Tourism Group on Hong Kong, U.S., French laws and European Union and United Nations sanctions regulations and also coordinated with local counsel in over 20 jurisdictions. J.P.
Baker McKenzie acts for client, MacPhersons Resources, in their merger with Intermin Resources to combine the two companies through a scheme of arrangement.
Baker McKenzie lead partner on the transaction and head of M&A in Australia, Richard Lustig stated: "The merger will create a significant resources company, to be renamed Horizon Minerals Ltd pending shareholder approval, with combined Mineral Resources of 1.15Moz of gold, an attractive gold exploration portfolio and exposure to multiple commodities including vanadium, nickel-cobalt, copper and silver-zinc."
Davis Polk is advising Mereo BioPharma Group plc on its combination with OncoMed Pharmaceuticals, Inc. The transaction, which is subject to customary closing conditions and the approval of OncoMed’s shareholders, is expected to close in the first half of 2018. OncoMed’s existing stockholders are expected to receive American Depositary Shares, which will be listed on Nasdaq and which, when issued on closing, will represent approximately 25% of the outstanding share capital of Mereo, subject to certain adjustments.
Travers Smith LLP has advised S4 Capital on its merger with MightyHive, a market-leading programmatic solutions provider for future thinking marketers and agencies, for an enterprise value of US$150 million. The merger will be funded 50% with shares in S4 Capital plc listed on the London Stock Exchange and 50% with cash from a major share issue to new and existing investors.
Slaughter and May is advising GlaxoSmithKline plc (“GSK”) on the divestment of Horlicks and other consumer healthcare nutrition brands to Unilever plc and the merger of GSK Consumer Healthcare Limited (“GSK India”) with Hindustan Unilever Limited (“HUL”) for a total consideration valued at approximately £3.1 billion.
MinterEllison has acted for QANTM Intellectual Property Limited (ASX:QIP, QANTM) on its 'merger of equals' with Xenith IP Group Limited (ASX:XIP, Xenith) by scheme of arrangement.
QANTM shareholders will own 55% and Xenith shareholders 45% of the merged entity, with the merged entity having an enterprise value of approximately $300 million.
Global law firm Norton Rose Fulbright has advised on a major transaction for Global Ship Lease, a US-listed containership charter owner with administrative offices in London, in relation to its stock-for-stock merger with Poseidon Containers and K&T Marine LLC.