Stikeman, Faegre and Osler lead $1.85b Canadian Target deal
Target Corporation has made its first move to expand outside the US with a $1.85 billion deal to buy leases on up to 220 stores in Canada.comments powered by Disqus
Stikeman Elliott represented Zellers on the transfer of the leasehold interests to Target. The Stikeman Elliott team included M&A partner Ian Putnam, real estate partner Douglas Klaassen, antitrust partner Jeffrey Brown, counsel Lawson Hunter, and tax partners Dean Kraus and Alan Kenigsberg. Zellers was also advised by in-house lawyer David Pickwoad.
In the US, Target is represented by Faegre & Benson, with a team led by M&A partner Michael Stanchfield and real estate partner John Wheaton. Canadian counsel is supplied Osler, Hoskin & Harcourt, with a team that includes M&A partner Terrence Burgoyne, real estate partners Heather McKean and Stephen Luff, antitrust partner Michelle Lally and tax partner Monica Biringer. Target’s in-house legal team is led by general counsel Timothy Baer.