Since taking office in January 2017, President Trump has made use of several provisions of US law – including Section 301, targeting unfair trade practices, and Section 232, targeting threats to national security – to bring trading partners to the negotiating table. Major developments over the last two weeks could impact global supply chains across a wide range … Continue Reading
Status: Clearance Acquirer: Brookfield Asset Management Inc. (Canada) Acquired: TerraForm Power, Inc. (US) Value: Approximately US$1.7 billion implied total equity value Industry: Energy… Continue Reading
Our international trade policy team recently published an analysis on the modernized North American Free Trade Agreement (NAFTA), known as the US-Mexico-Canada Agreement (USMCA). Below is a snapshot of the analysis.… Continue Reading
Status: Clearance Acquirer: MacDonald Dettwiler and Associates Ltd. (Canada) Acquired: DigitalGlobe, Inc. (US) Value: US$3.6 billion (C$4.7 billion) Industry: Telecommunications; Aerospace UPDATE: On September 28, 2017, MacDonald, Dettwiler and Associates Ltd., the Canadian global communications and information company, and DigitalGlobe, Inc., a US based satellite imagery company, “announced that the Committee on Foreign Investment … Continue Reading
On 21 September 2017, the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada entered into force provisionally.… Continue Reading
The first round of 5-day negotiations to modernize the North American Free Trade Agreement (NAFTA) concluded on August 20. In a joint statement released by trade officials from the United States, Mexico and Canada, they restated the commitment to updating the deal, continuing domestic consultations, and working on draft text. They also committed to a … Continue Reading
Status: Clearance Acquirer: NOVA Chemicals, Inc. (Canada); International Petroleum Investment Company (UAE) Acquired: Williams Olefins LLC (US) Value: Approx. US$2.1 Billion Industry: Chemicals… Continue Reading
Status: Clearance Acquirer: AES Corp. (U.S.) and Alberta Investment Management Corp. (Canada) Acquired: FTP Power LLC (U.S.) Value: US$853 Million Industry: Energy UPDATE: On July 25, 2017, AES and Alberta Investment Management announced that they had completed “the previously announced acquisition of FTP Power LLC d/b/a sPower (‘sPower’) for approximately $853 million in … Continue Reading
Status: Clearance Acquirer: Caisse de dépôt et placement du Québec (Canada), the Public Sector Pension Investment Board (Canada), the National Pension Service of Korea (Korea) and The Blackstone Group L.P. (U.S.) Target: Team Health Holdings, Inc. (U.S.) Value: US$6.1 billion Industry: Healthcare UPDATE: On February 6, 2017, Team Health Holdings, Inc., announced the closing of … Continue Reading
On May 18, 2017, US Trade Representative Robert Lighthizer formally notified the US Congress of President Donald Trump’s intent to renegotiate the North American Free Trade Agreement (NAFTA). In letters transmitted to senior Congressional leaders, Ambassador Lighthizer pledged that the administration will consult closely with Congress to ensure its negotiating positions are consistent with the … Continue Reading
Status Update: Clearance Acquirer: Algonquin Power & Utilities Corp. (Canada) Acquired: Empire District Electric Company (Missouri, U.S.) Value: Approx. US$2.4 billion Industry: Energy; Regulated Utilities UPDATE: In a recent securities filing by Algonquin Power & Utilities Corp. (Canada), it was reported that, in relation to its acquisition of Missouri based Empire District Electric … Continue Reading
President Donald Trump hosted the Canadian and Israeli Prime Ministers at the White House last week. Secretary of State Rex Tillerson and Secretary of Homeland Security John Kelly traveled to Mexico City this week to discuss trade and security matters. Cabinet Shuffle. Gen. Michael Flynn resigned as the National Security Advisor (NSA) last week, after … Continue Reading
On Monday, 13 February, President Donald Trump welcomed Canadian Prime Minister Justin Trudeau to the White House. President Trump hosted Israeli Prime Minister Benjamin Netanyahu at the White House on Wednesday. The U.S. Senate confirmed Steven Mnuchin to serve as Secretary of the Treasury on Monday evening. Congress is scheduled to be in recess next … Continue Reading
