Baffinland Iron Mines Successful in Valuation Proceeding
The Superior Court of Justice (Commercial List) ruled in favour of Baffinland Iron Mines Corporation in a valuation proceeding to value the shares held by shareholders who dissented from a post-takeover plan of arrangement. Baffinland operates one of the most northern mines in the world on Baffin Island, Nunavut.
The dissenting shareholders sought a valuation price about six times the successful takeover bid price. The Court agreed with Baffinland’s position that the takeover bid price represented fair value for the dissenting shareholders’ shares.
Aird & Berlis represented Baffinland with a team comprising Steve Tenai, Miranda Spence and Adam West (Litigation & Dispute Resolution).
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BioFull bio
Steve is a skilled advocate with more than 25 years' experience.
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BioFull bio
A confident communicator, Miranda is a strong advocate who thrives in the courtroom and in negotiations with opposing counsel.
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BioFull bio
Adam is a strong communicator who remains calm and composed in high-pressure situations.
