On September 1, 2005, Taiga Forest Products Ltd. completed its conversion into an income fund-like structure under the name Taiga Building Products Ltd. The conversion was completed through a court approved statutory plan of arrangement under which each shareholder exchanged common shares of Taiga Forest Products for stapled units of Taiga Building Products. In aggregate, 8,051,420 common shares of Taiga Forest Products were exchanged for 32,205,680 stapled units of Taiga Building Products representing a market capitalization of approximately $215 million.
Taiga Forest Products and Taiga Building Products were represented by Borden Ladner Gervais LLP with a team that included Bill Sirett, Hans Nowak, Ian Webb, Eric Doherty, Graeme Martindale and Melanie Bradley (corporate/securities), Robert Kopstein, Bruce Sinclair and Janette Pantry (tax) and Gerry Ghikas, Q.C., and Stephen Antle (litigation). US advice was provided by Chris Delfino and Elizabeth Grussenmeyer of Downey Brand LLP.
The special committee of the board of directors of Taiga Forest Products was represented by Patrick Furlong of Davis & Company LLP.
BMO Nesbitt Burns Inc., financial advisor to Taiga Forest Products, was represented by Mitchell Gropper, Q.C., Trevor Scott and Jason Sutherland of Farris, Vaughan, Wills & Murphy LLP.
Taiga Forest Products and Taiga Building Products were represented by Borden Ladner Gervais LLP with a team that included Bill Sirett, Hans Nowak, Ian Webb, Eric Doherty, Graeme Martindale and Melanie Bradley (corporate/securities), Robert Kopstein, Bruce Sinclair and Janette Pantry (tax) and Gerry Ghikas, Q.C., and Stephen Antle (litigation). US advice was provided by Chris Delfino and Elizabeth Grussenmeyer of Downey Brand LLP.
The special committee of the board of directors of Taiga Forest Products was represented by Patrick Furlong of Davis & Company LLP.
BMO Nesbitt Burns Inc., financial advisor to Taiga Forest Products, was represented by Mitchell Gropper, Q.C., Trevor Scott and Jason Sutherland of Farris, Vaughan, Wills & Murphy LLP.
