Paul, Weiss is an acknowledged leader among U.S. law firms representing Canadian public and private companies and their underwriters. With almost 50 years of history in Canada and an office in Toronto, our vibrant Canada practice is the largest among U.S. law firms and reflects our long-standing commitment to our clients in their Canadian–U.S. cross-border matters.
Canadian Pacific Closes Secondary Offering of Common Shares for Pershing Square
- Client News
- October 30, 2013
Practices
Paul, Weiss client Canadian Pacific Railway Limited closed on a public offering of 5,965,304 common shares offered by certain funds managed by Pershing Square Capital Management L.P. for aggregate proceeds of $834 million to the selling shareholders. The offering was made concurrently in the United States and Canada under Canadian Pacific's shelf registration statements. Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC were underwriters in the transaction.
The Paul, Weiss team, which acted as U.S. counsel to Canadian Pacific, included corporate partner Andrew Foley; tax partner David Sicular; and environmental counsel William O'Brien.