Article

Ten Takeaways for Buyers and Sellers in Private M&A Transactions

July 22, 2022
Authors
Gary S.A. SolwayPartner
Munaf Mohamed KCLead Director and Partner
John M. MercuryExecutive Chair & Chair of the Board
Michael D. MysakPartner
Paul RomaniukAssociate

Gary Solway, Munaf Mohamed, John Mercury, Michael Mysak and Paul Romaniuk write "Ten Takeaways for Buyers and Sellers in Private M&A Transactions" in CVCA Central.

They write about the recent Alberta case of NEP Canada ULC v MEC OP LLC and its useful lessons for participants in private M&A transactions.

The following are ten key takeaways from the case for buyers and sellers:

  1. Court litigation takes time
  2. Unwelcome publicity
  3. Discovery reveals all
  4. Seller's limited access to records and personnel
  5. Executives of seller become executives of buyer
  6. Legal privilege not seller's 
  7. Fraud trumps everything
  8. Scope of potential damages is broad
  9. Knowledge can be imputed
  10. Oral conversations, actions and other extrinsic evidence

Read the full article on the CVCA Central website.

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For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Gary S.A. Solway, Partner
Toronto  •   416.777.6555  •   solwayg@bennettjones.com
Munaf Mohamed KC, Lead Director and Partner
Calgary, Toronto  •   403.298.4456  •   mohamedm@bennettjones.com
John M. Mercury, Executive Chair & Chair of the Board
Calgary  •   403.298.4493  •   mercuryj@bennettjones.com
Michael D. Mysak, Partner
Calgary  •   403.298.8143  •   mysakm@bennettjones.com
Paul Romaniuk, Associate
Calgary  •   403.298.3062  •   romaniukp@bennettjones.com