September 25, 2015
A roundtable discussion on Canadian M&A activity released by the Financial Post features Torys partner Sharon Geraghty. Sharon shares her perspective on issues holding sway over M&A, including oil prices, the economy, the Canadian dollar and the rising popularity of the Special Purpose Acquisition Company (SPAC).
Sharon shared this comment on the appeal of family-controlled companies for SPACs searching for an acquisition in Canada: “There are a lot of family-controlled companies in this country that are reaching that level of maturity. The SPAC wants to buy control entirely and my experience with family companies is that can be too big of a mental jump for them. But things are so volatile. If you want to go public and you are nervous, doing it through a SPAC is an interesting alternative.”
To read the full article, click here.