Jon Feldman quoted in "Lessons In Failed $2B Lowe's Bid For Canadian Hardware Chain", Law360
|Area||Corporate Finance and Securities|
Excerpt from "Lessons In Failed $2B Lowe's Bid For Canadian Hardware Chain", by Liz Hoffman:
Jonathan Feldman, a corporate partner in Goodmans LLP's Toronto office, said companies need a well thought-out Investment Canada review strategy that “shows right up front what it will do to ensure a net benefit to Canada.”
For example, when China National Offshore Oil Corp. Ltd. announced its $8 billion acquisition of Canadian energy firm Nexen Inc. in July, it named Calgary the headquarters of its North American operations, promised to list its stock on the Toronto exchange, and said it would retain Nexen's entire workforce and honor its capital spending plan.