Paul, Weiss is an acknowledged leader among U.S. law firms representing Canadian public and private companies and their underwriters. With almost 50 years of history in Canada and an office in Toronto, our vibrant Canada practice is the largest among U.S. law firms and reflects our long-standing commitment to our clients in their Canadian–U.S. cross-border matters.
Hudson's Bay Company Closes IPO
- Client News
- November 26, 2012
Practices
Paul, Weiss client The Hudson's Bay Company closed its initial public offering at Cdn$17.00 per common share for aggregate proceeds of Cdn$365 million. The offering consisted of 21,475,000 common shares sold by The Hudson's Bay Company and the selling shareholder in the transaction, Hudson's Bay Company Luxembourg S.a r.l., through an initial public offering in Canada and private placements in the United States pursuant to Rule 144A and Regulation D. The syndicate of underwriters was led by RBC Dominion Securities Inc. and included BMO Nesbitt Burns Inc., CIBC Worlds Markets Inc., Merrill Lynch Canada Inc., J.P. Morgan Securities Canada Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., UBS Securities Canada Inc., Credit Suisse Securities (Canada) Inc. and National Bank Financial Inc.
Hudson's Bay, established in 1670, is the oldest continually operating business in North America and a leading retailer offering merchandise in Canada and the United States under the banners Hudson's Bay, Lord & Taylor and Home Outfitters.
The Paul, Weiss team included corporate partner Andrew Foley; and tax partner David Mayo.