Sydney Corporate Partner, David Zwi with assistance from graduate lawyer, Bernardo Wood, has been advising Razor Technologies in relation to a Takeover Bid by the Toronto Stock Exchange (TMX) for all of the shares in Razor Technologies. Freehills is acting for TMX.
While this deal is relatively small, it is a strategic one, given that the Toronto Stock Exchange is the bidder. The takeover structure is innovative, including a somewhat unusual mechanism for increasing the bid consideration as a function of Razor’s working capital level at the time the bid goes unconditional.
This transaction further reinforces the quality work and clients that Thomsons represent, both nationally and internationally.