ProfessionalsEdwin S. Maynard
Of Counsel in the Corporate Department, retired partner Edwin S. Maynard concentrated primarily on corporate finance and mergers and acquisitions, with an emphasis on cross-border transactions. Ted has represented many U.S., Canadian and other non-U.S. issuers in a broad range of securities offerings, public and private, equity and debt and in cross-border acquisitions and restructurings, both public and private.
Ted has advised numerous issuers, underwriters and placement agents in connection with cross-border offerings made in Canada and the United States. Ted regularly advises U.S., Canadian and other non-U.S. public companies with respect to cross-border mergers and acquisitions and on their U.S. reporting obligations. He is recognized as a leading lawyer in the area of Capital Markets by Chambers Global, The Legal 500, The Best Lawyers in America and Who's Who Legal.
Ted has represented:
- Agrium Inc. in connection with its merger of equals with Potash Corporation of Saskatchewan Inc.; its successful proxy contest with JANA Partners; a public offering of $1.4 billion of common stock; public offerings of investment grade debt since 2006 totaling $4.3 billion; and its $2.7 billion acquisition of UAP;
- Caisse de dépôt et placement du Québec in connection with Rule 144A offerings of investment grade debt totaling $7 billion;
- The Government of Canada in connection with the $23.4 billion initial public offering by General Motors Company (GM) of common stock and convertible preferred stock. The Canadian Government held approximately 12 percent of GM's common stock. The IPO was the biggest in North American history;
- Maple Group Acquisition Corporation, a consortium of thirteen leading Canadian financial institutions, pension funds and capital markets participants, in an unsolicited, but ultimately friendly, Cdn$3.8 billion acquisition of TMX Group, the public parent of the Toronto Stock Exchange;
- Nexen Inc., a Canadian-based energy company, in its $15.1 billion acquisition by China National Offshore Oil Company (CNOOC), China's largest producer of offshore crude oil and natural gas;
- Resolute Forest Products (formerly AbitibiBowater, Inc.) in its $216 million unsolicited cash and stock tender offer for Fibrek Inc., a Montreal-based Canadian pulp producer whose shares trade on the Toronto Stock Exchange;
- Sprott Asset Management in connection with its successful unsolicited takeover bid to acquire all of the outstanding units of Central GoldTrust in exchange for units of Sprott Physical Gold Trust in a transaction valued at over Cdn. $1 billion;
- Teck Resources Limited, Canada's largest diversified mining company, in public offerings of investment grade debt since 2005 totaling $7.2 billion; Rule 144A offerings of high yield notes totaling $5.5 billion; and its private placement of $1.5 billion of common shares to China Investment Corporation; and
- Turquoise Hill Resources (formerly Ivanhoe Mines), a Canadian mineral exploration and development company, in its $1.8 billion rights offering and $1.2 billion rights offering as part of a comprehensive financing plan for development of a copper mine in Mongolia. The rights were traded on the NYSE, NASDAQ and TSX.
Ted speaks frequently on a range of securities law and mergers and acquisitions topics, most often on the effects of legal developments in the United States on Canadian companies and their underwriters/agents. From 2002 to 2004, he served as the sole American representative on the Securities Advisory Committee of the Ontario Securities Commission.
Executive Chair of the Advisory Committee of the Cyrus R. Vance Center for International Justice, the international pro bono arm of the NYC Bar Association, Ted was actively involved in the Vance Center's efforts that led to the 2008 launch of the Pro Bono Declaration of the Americas, committing signing law firms and other legal institutions throughout the Americas to do pro bono work. He received a number of awards for his pro bono work on behalf of micro-entrepreneurs in Harlem.