hEDGE Mergers & Acquisition Case

“Like an artist who blends two different pigments to make a new vibrant color, we believe the combination of Sherwin-Williams and Valspar Corporation will lead to a dominant player in the Paints & Coatings industry."

Gordon Investment Research presents a look into one of the largest acquisitions of 2017, between Sherwin-Williams and Valspar Corporation. We try to analyze if Sherwin-Williams, after decades of making offers to Valspar Corporation, should pursue a current offer to acquire Valspar Corporation for $106 Cash per share. With hard synergies of $320MM to be recognized by 2018, a current offer that provides Valspar's Shareholders with a 42% premium and an initial accretion estimate of 19.9% 2016E for Sherwin-Williams, we believe this deal has plenty of room left before it closes.

This case was prepared for the hEDGE Conference: Mergers & Acquisition Case Competition, where our team represented the buy-side investment banks (Citigroup & JPMorgan Chase & Co.) to advise Sherwin-William's board.

RCFA Mergers & Acquisitions Case

“There is a saying that a bird in the hand is better than two in the bush. But what if the bird in the bush sings and the song is a tale of better premiums? 

Gordon Investment Research presents a look into one of the biggest mining deals of all time, between Alcan and Rio Tinto. We try to analyze if Alcan, after the hostile bid made by Alcoa, should take the deal or pursue other strategies, because while Alcoa’s deal comes with certainty, Alcan may strike a higher note with a greater deal in the horizon.

This case was prepared for the Rotman Commerce Finance Association : Mergers & Acquisition Case Competition, where our team represented TD securities to advise Alcan's strategic committee.

UEC 2017 CONFERENCE - CARBON PRICING

“We the North. A pitch perfect call to unity for a diverse nation that has long been an outsider. But with 10 provinces, 3 territories and 2 policies, how do we unite Canada once again to emerge as a leader? Despite our differences, with deep rooted multiculturalism and diversity in our nation, we are inspired today by the resilience and oneness of the Canadian fabric in our recommendation with the idea that one size does not fit all.”
— Manar Hassan-Agha & Waseem Manan - UEC Competition 2017

Recognizing that one size does not fit all, while still uniting Canada in our objectives of reducing emissions allows us to build the next Canada with TREES, not carbon. That is when we can proudly say : We the North.