Goodmans quoted in "Considering employees during M&A", Canadian Lawyer Magazine
|Lawyer||Lauren Butti, Brenda Gosselin|
|Area||Corporate Finance and Securities, Employment and Labour|
Excerpts from "Considering employees during M&A", Canadian Lawyer Magazine:
The first matter for an acquiror to decide “is what they need to do to run the business going forward,” says Brenda Gosselin, a corporate and securities lawyer at Goodmans LLP in Toronto, whose practice includes M&A and corporate restructuring.
Since it is the vendor that must pay severance to employees who will not continue with the acquiror, that may substantially affect the purchase price where there are very senior long-term or large-scale terminations resulting from a transaction, says Lauren Butti, a litigator at Goodmans, who deals with business disputes, including in contracts and employment.