Tag archives: share sale

The fallacy of the fully paid share

Often I will review agreements where clients are making representations that shares are fully paid upon their issuance. This practice has developed from US law and migrated north of the border over time, but the basis for it as a concern here is rather limited, even putting it charitably. Under Canadian law, shares cannot be … Continue reading

Asset sale versus share sale: pros and cons

GE Capital announced that it was on track to sell between US$120 – 150 billion in assets by the end of 2016. Keurig Green Mountain recently announced that it entered into a share transaction valued at approximately US13.9 billion. Both of these are examples of the sale of a business. They, however, differ in the … Continue reading