![]() Client Work SNDL Announces Successful Bid to Purchase IndivaSeptember 9, 2024 Authors Michael S. ShakraPartner Thomas GrayAssociate Aaron E. SonshinePartner Corey A. YermusPartner Karlo VargaAssociate SNDL Inc. announced on August 29, 2024, that, in the context of proceedings pursuant to Indiva Limited's filing under the Companies' Creditors Arrangement Act (Canada) (the CCAA) and the sales process approved thereunder, the stalking horse bid of SNDL has been chosen as the successful bid in the acquisition of the Indiva Group, subject to approval by the Ontario Superior Court of Justice (Commercial List) overseeing the CCAA proceedings. Bennett Jones is acting as legal counsel to the Indiva Group. The Bennett Jones team on the transaction includes Mike Shakra, Thomas Gray (Restructuring & Insolvency), Aaron Sonshine, Corey Yermus (Mergers & Acquisitions and Capital Markets) and Karlo Varga (Commercial Transactions). Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. AuthorsMichael S. Shakra, Partner Toronto • 416.777.6236 • shakram@bennettjones.com Thomas Gray, Associate Toronto • 416.777.7924 • grayt@bennettjones.com Aaron E. Sonshine, Partner Toronto • 416.777.6448 • sonshinea@bennettjones.com Corey A. Yermus, Partner Toronto • 416.777.4845 • yermusc@bennettjones.com Karlo Varga, Associate Toronto • 416.777.5756 • vargak@bennettjones.com |