On December 11, 2009, NAL Oil & Gas Trust and Breaker Energy Ltd. completed a plan of arrangement under the Business Corporations Act (Alberta) pursuant to which NAL indirectly acquired all of the issued and outstanding common shares of Breaker. The total consideration for the transaction was approximately $403 million, which was paid through the issuance of approximately 25 million NAL trust units and the assumption of an estimated $93 million in Breaker net debt.
NAL was represented by the Calgary office of Bennett Jones LLP with a team that included John Kousinioris, Jon Truswell, Bruce Hibbard, Matthew Olson, Sandra Malcolm and Andrew Broughton (securities); Curtis Stewart (tax); and Laurie Goldbach (litigation); and by the Calgary office of Felesky Flynn LLP with a team that included Joe Struck, Craig McDougall, Mike Hegedus and Andrew Bateman (tax).
Breaker was represented by the Calgary office of Heenan Blaikie LLP with a team that included James Pasieka, Thomas Cotter, Tim Sweeney and Nicole Bacsalmasi (securities); Brian Bidyk (energy); Mark Jadd and Kay Leung (tax); and Cynthia Amsterdam (litigation).
NAL was represented by the Calgary office of Bennett Jones LLP with a team that included John Kousinioris, Jon Truswell, Bruce Hibbard, Matthew Olson, Sandra Malcolm and Andrew Broughton (securities); Curtis Stewart (tax); and Laurie Goldbach (litigation); and by the Calgary office of Felesky Flynn LLP with a team that included Joe Struck, Craig McDougall, Mike Hegedus and Andrew Bateman (tax).
Breaker was represented by the Calgary office of Heenan Blaikie LLP with a team that included James Pasieka, Thomas Cotter, Tim Sweeney and Nicole Bacsalmasi (securities); Brian Bidyk (energy); Mark Jadd and Kay Leung (tax); and Cynthia Amsterdam (litigation).
Lawyer(s)
Brian J. Bidyk
Nicole Bacsalmasi
Andrew Bateman
Kay W. Leung
Mark I. Jadd
Tim Sweeney
Sandra L. Malcolm
Laurie A. Goldbach
Curtis R. Stewart
Matthew R. Olson
Drew C. Broughton
Joe Struck
Thomas N. Cotter
Cynthia Amsterdam
John H. Kousinioris
Craig M. McDougall
Jon C. Truswell
Bruce A. Hibbard