100 King St W, Suite 6200, 1 First Cdn Pl, PO Box 50, Toronto, ON
Year called to bar: 1997 (ON)
Doug is the National Managing Partner of Osler, Hoskin & Harcourt LLP. He is also a partner in the firm’s Business Law group, focusing on mergers & acquisitions and securities law matters, and has acted on a number of Canada’s highest profile M&A transactions. His practice has included a broad range of transactions and advice encompassing private and public company acquisitions, hostile and supported takeover bids, going private transactions, special committee situations, and securities law advice. Doug practised in the firm’s New York office from 2008 to 2011 and is currently based out of the firm’s Toronto office.
On May 1, 2017, all of the issued and outstanding common shares of Halogen Software Inc. (“Halogen”) were acquired by Saba Software Inc. (“Saba”), Vector Capital and its affiliates (“Vector”), and Michael Slaunwhite, Halogen’s founder, executive chairman and largest shareholder.
On December 23, 2016, Shawcor Ltd. (“Shawcor”) completed a bought deal offering of 5,261,250 common shares of Shawcor, including 686,250 common shares pursuant to the full exercise of the over-allotment option, at a price of $32.80 per common share (the “Offering”) for aggregate gross proceeds of approximately $173 million.
On April 1, 2016, Corus Entertainment Inc. acquired the business of Shaw Media Inc. from Shaw Communications Inc. This acquisition more than doubled Corus’ size, creating a combined portfolio of brands that encompass 45 specialty television services, including leading women and lifestyle, kids, family and general entertainment brands; 15 conventional television channels; 39 radio stations; a global content business; book publishing; and a growing portfolio of digital assets.
On February 4, 2016, pursuant to a plan of arrangement (the Arrangement), an indirect wholly owned subsidiary of Honeywell International Inc. (Honeywell) acquired all of the issued and outstanding common shares of COM DEV International Ltd. (COM DEV) and former COM DEV majority-owned subsidiary exactEarth Ltd. (exactEarth) was spun out into a standalone public company.
Valeant Pharmaceuticals International, Inc. (Valeant) acquired Salix Pharmaceuticals, Ltd. (Salix) for US$173.00 per share in cash, or a total enterprise value of approximately US$15.8 billion. The transaction closed on April 1, 2015. To partially finance the acquisition, Valeant completed equity and bond offerings, which closed on March 27, 2015. In its equity offer, Valeant issued 7,286,482 shares at a price of US$199.00 per share, for aggregate gross proceeds of approximately US$1.45 billion.
In Canada’s largest M&A transaction of 2014, US-based Burger King Worldwide Inc. acquired Tim Hortons Inc. in a $12.5-billion deal that created a global powerhouse quick service restaurant company based in Canada. Combined, the company now has more than 18,000 restaurants in 100 countries.