nears its final hurdle, bankers, lawyers and shareholder advisors are preparing to finally pocket a $100 million-plus fee from the bitterly contested deal.
After battling for two years in the courts, the antitrust agency decided to take its objections no further legally and the merger now awaits final nod from Minister of innovation, science and industry Francois-Philippe Champagne. “Due to the lengthy approval process, the legal teams are likely to take the majority of these fees, which is not typical,” said Derek Van der Plaat, a managing director at BDO Canada, M&A and Capital Markets.
Law firms Goodmans and Torys advised Rogers and its controlling shareholder, while Davies Ward Phillips and Vineberg and Wachtell, Lipton Rosen and Katz represented Shaw. Burnet, Duckworth and Palmer is an independent legal advisor to a special committee of independent directors of Shaw.Rogers retained BofA Securities and Barclays as financial advisors while Shaw was advised by TD Securities and CIBC World Markets Inc for its special committee.
Corporate greed run amok. TaxTheRich