On July 1, 2002, CEMEX SA of Mexico launched an unsolicited US$413 million takeover bid, which included the assumption of US$104 million in debt, against Trinidad Cement Limited (TCL), a company whose shares are traded on the Trinidad, Jamaica and Barbados stock exchanges. TCL was able to successfully resist a two-round proxy battle.
The directors of TCL were represented by JP Morgan in New York, Dr. Claude H. Denbow S.C. in Port-of-Spain, Trinidad as lead counsel, and in Canada by Gowling Lafleur Henderson LLP, with a team consisting of Guy David, Connie Sugiyama, Riccardo D’Angelo, Cara McNulty and Leslie Gord (corporate finance, securities and public M&A) and Michael Harpur (commercial litigation).
CEMEX was advised by Solomon Smith Barney in New York as financial advisor, and represented locally by Hamel-Smith & Co. in Port-of-Spain.
The directors of TCL were represented by JP Morgan in New York, Dr. Claude H. Denbow S.C. in Port-of-Spain, Trinidad as lead counsel, and in Canada by Gowling Lafleur Henderson LLP, with a team consisting of Guy David, Connie Sugiyama, Riccardo D’Angelo, Cara McNulty and Leslie Gord (corporate finance, securities and public M&A) and Michael Harpur (commercial litigation).
CEMEX was advised by Solomon Smith Barney in New York as financial advisor, and represented locally by Hamel-Smith & Co. in Port-of-Spain.
