And in a rare twist, the lawyers in the Rogers\u002DShaw deal are expected to pocket more of the total fees than the bankers.
The $20 billion deal, which will create Canada’s No. 2 telecoms operator, has passed all legal hurdles after the Competition Tribunal objected on concerns that included the merger would raise wireless fees in Canada, already the highest in the world.
Rogers and Shaw estimated in April 2021 that the transaction would cost $100 million in total fees, but some bankers and lawyers now expect the payout to be higher due to the lengthy court battle. Rogers declined to provide revised figures. “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.Article content
Law firms Lax O’Sullivan Lisus Gottlieb represented Rogers, while Davies Ward Phillips & Vineberg and Wachtell are lawyers for Shaw.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.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lawyers working on Rogers, Shaw merger could nab bigger share of $100-million-plus fee jackpotRogers, Shaw merger is among the biggest fee events in the history of Canadian mergers and acquisitions, and lawyers are expected to pocket more of the total fees than the bankers
Read more »
John Tortorella and Brad Shaw: Brotherly love between a pair of ex-Canucks coachesFormer Vancouver Canucks head coach John Tortorella is delighted to be working with ex\u002DCanucks assistant Brad Shaw again.
Read more »
Blinken tours Turkiye's earthquake zone, pledges US$100M in aidU.S. Secretary of State Antony Blinken took a helicopter tour Sunday of one of the provinces worst-affected by the Feb. 6 earthquake in southern Turkiye and northern Syria and pledged a further US$100 million in aid to help the region.
Read more »
Princess Diana's former butler wants to 'share her secrets' with William and HarryPrincess Diana\u0027s former butler believes he \u0022must share her secrets\u0022 with her sons, Princes William and Harry.
Read more »
Princess Diana's former butler wants to 'share her secrets' with William and HarryPrincess Diana\u0027s former butler believes he \u0022must share her secrets\u0022 with her sons, Princes William and Harry.
Read more »