On June 8, 2007, Liquor Stores Income Fund completed the acquisition of Liquor Barn Income Fund pursuant to a takeover bid and related merger transaction. Liquor Stores issued Liquor Barn unit holders 0.57 of a trust unit of Liquor Stores for each Liquor Barn trust unit held. In aggregate, Liquor Stores issued approximately 6.8 million units to Liquor Barn unit holders under the transaction and reserved approximately 2.2 million additional units for issuance on exchange of the Liquor Barn exchangeable partnership units. Following the transaction, Liquor Stores had approximately 23.5 million units outstanding (including units reserved for issuance on exchange of exchangeable partnership units), a market capitalization of approximately $470 million, and a total of 188 stores in Alberta and British Columbia.
Liquor Stores is a publicly traded Canadian income trust that participates in the retail liquor industry in Alberta and British Columbia through its 75.6 per cent interest in Liquor Stores Limited Partnership and its 72.9 per cent interest in Liquor Barn Limited Partnership. In aggregate these partnerships operate the largest number of private liquor stores in Canada by number of stores.
Liquor Stores was represented by Burnet, Duckworth & Palmer LLP with a team that was led by Bill Maslechko and included Jeff Oke and Scott Kearl (securities); Dan McDonald (securities litigation); and John Brussa and Jeff Fortin (tax).
Liquor Barn was represented by McCarthy Tétrault LLP with a team that was led by Richard Balfour and included John Osler, Sven Milelli, Xenia Kritsos and Robin Mahood (securities); Bob Cooper, Sean Smyth and Miranda Lam (securities litigation); and Chris Falk (tax).
Liquor Stores is a publicly traded Canadian income trust that participates in the retail liquor industry in Alberta and British Columbia through its 75.6 per cent interest in Liquor Stores Limited Partnership and its 72.9 per cent interest in Liquor Barn Limited Partnership. In aggregate these partnerships operate the largest number of private liquor stores in Canada by number of stores.
Liquor Stores was represented by Burnet, Duckworth & Palmer LLP with a team that was led by Bill Maslechko and included Jeff Oke and Scott Kearl (securities); Dan McDonald (securities litigation); and John Brussa and Jeff Fortin (tax).
Liquor Barn was represented by McCarthy Tétrault LLP with a team that was led by Richard Balfour and included John Osler, Sven Milelli, Xenia Kritsos and Robin Mahood (securities); Bob Cooper, Sean Smyth and Miranda Lam (securities litigation); and Chris Falk (tax).
Lawyer(s)
Daniel J. McDonald
Robert (Bob) W. Cooper
Sven O. Milelli
Richard J. Balfour
Xenia Kritsos
Jeffrey T. Oke
Miranda L. Lam
Jeff Fortin
Christopher Falk
John A. Brussa
William S. Maslechko
Scott D. Kearl
Sean S. Smyth
Firm(s)
Burnet, Duckworth & Palmer LLP
McCarthy Tétrault LLP