The contested takeover of Canadian Real Estate Investment Trust (CREIT) has been concluded. Avista Real Estate Investment Trust had entered into a friendly takeover of CREIT. Summit Real Estate Trust then weighed-in with a hostile bid for Avista. A major shareholder in Avista was Canada Life, which ended up supporting the successful hostile bid Summit. The acquisition of Avista by Summit is valued at approximately $350 million.
Lawrence Chernin and Michael Winton of Goodman and Carr represented Summit. John Stransman and Rob Nicholls of Stikeman Elliott represented CREIT. Herman Wilton-Siegel and Patricia Koval of Tory Haythe represented Avista. Graham Gow of McCarthy Tétrault
Lawrence Chernin and Michael Winton of Goodman and Carr represented Summit. John Stransman and Rob Nicholls of Stikeman Elliott represented CREIT. Herman Wilton-Siegel and Patricia Koval of Tory Haythe represented Avista. Graham Gow of McCarthy Tétrault
Lawyer(s)
Lawrence S. Chernin
Herman J. Wilton-Siegel
Graham P.C. Gow
Patricia A. Koval