ASR Acquires Tate & Lyle

On April 21, 2007, American Sugar Refining, Inc. (ASR) completed its acquisition of Tate & Lyle Canada Ltd., historically known in Canada as the Redpath sugar business (Redpath), from Tate & Lyle PLC. Redpath operates Canada's largest cane sugar refinery in Toronto and a packing operation in Niagara Falls, Canada. Its sugar is marketed under the Redpath trademark.

ASR was led in the transaction by its general counsel Armando Tabernilla. Shearman & Sterling LLP acted as US and UK counsel with a team that included John Madden, Chris Cummings, Adam Givertz, Adam Lewinberg and Shane Smyth (M&A); Peter King and Katarina Svitekova (UK corporate); David Bleich and Claire Yang (financing) and Doug McFadyen (tax). Blake, Cassels & Graydon LLP acted as Canadian counsel with a team that included Frank Guarascio, Michael Gans, Mark Adkins, Marianne Smith, Elizabeth Sale, Andrew Gordon and Jennifer Smith (M&A); Kathleen Penny (tax); David MacLachlan (financial services); Robert Kwinter and Jason Gudofsky (competition); Jeff Sommers (pension & employee benefits); Anthony Prenol (intellectual property); Jonathan Kahn (environmental); Silvana D'Alimonte (real estate) and Holly Reid (employment).

Tate & Lyle PLC's team was led by its deputy general counsel, Alyson Corrigan, and assistant general counsel, Katie Diggs. It was represented in Canada by Goodmans LLP, with a team that included Jon Northup, Daniel Gormley, Robert Vaux, Rosella Santilli, Richard Annan (competition); Jarrett Freeman (tax) and Greg Aaronson.

Financing for the acquisition was provided by Rabobank Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank Nederland,” New York branch. Rabobank was represented in the US by Craig Lee, Emily Pittman and Cindy Davis of Paul, Hastings, Janofsky & Walker LLP, and in Canada by Michael Feldman, Scott Kraag and Nadine Rockman of Torys LLP. In addition, a short-term loan was provided by Credit Suisse, Toronto branch. Credit Suisse was represented by Lindsey Hutton (financial services) and Danny Lang (tax) of Bennett Jones LLP.

Lawyer(s)

Mark R. T. Adkins Holly Reid Richard Annan Scott Kraag Elizabeth Sale Jeffrey Sommers Marianne Smith Rosella Santilli Kathleen V. Penny Jennifer Milne Smith Jarrett Freeman Anthony M. Prenol Robert E. Kwinter Daniel Lang Frank D. Guarascio Michael Gans Jonathan W. Kahn Jason L. Gudofsky Robert Vaux John R. Houston Silvana D'Alimonte Nadine S. Rockman Katz Jon Northup Andrew Gordon

Firm(s)

Shearman & Sterling LLP Blake, Cassels & Graydon LLP Goodmans LLP Paul, Hastings, Janofsky & Walker LLP Torys LLP Bennett Jones LLP