Summit Wins Avista

The contested takeover of Canadian Real Estate Investment Trust (CREIT) has been concluded. Avista Real Estate Investment Trust had entered into a friendly takeover of CREIT. Summit Real Estate Trust then weighed-in with a hostile bid for Avista. A major shareholder in Avista was Canada Life, which ended up supporting the successful hostile bid Summit. The acquisition of Avista by Summit is valued at approximately $350 million.

Lawrence Chernin and Michael Winton of Goodman and Carr represented Summit. John Stransman and Rob Nicholls of Stikeman Elliott represented CREIT. Herman Wilton-Siegel and Patricia Koval of Tory Haythe represented Avista. Graham Gow of McCarthy Tétrault

Lawyer(s)

Lawrence S. Chernin Herman J. Wilton-Siegel Graham P.C. Gow Patricia A. Koval