On May 1, 2009, Enbridge Inc. and Circuit Technology Limited completed the sale of NetThruPut Inc., an Internet-based exchange and clearing facility for crude oil products, to TMX Group Inc.
The final purchase price was approximately $52.2 million, which was comprised of approximately $22.6 million in cash and the issuance of approximately 880,000 TMX Group common shares.
TMX Group Inc. was represented by Cheryl Graden, chief legal counsel of Natural Gas Exchange Inc., a TMX subsidiary, and Cathy Watkins, legal counsel of Natural Gas Exchange and a team from Bennett Jones LLP that included Mark Powell, Christopher Skelton and Kahlan Mills (corporate, M&A); Beth Riley (competition); and Darcy Moch and Alan Rautenberg (tax).
Enbridge was represented by Darby J. Wade, vice president, general counsel and chief compliance officer of Enbridge Inc. and a team from McCarthy Tétrault LLP including Crispin Arthur and Janet Erskine (corporate, M&A); Doug Ewens and T.J. Kang (tax); Rick Pawluk (competition) and Gregory Winfield (pensions). Circuit was represented by a team from Felesky Flynn LLP including Brent Perry and Gail Lai (tax).
The final purchase price was approximately $52.2 million, which was comprised of approximately $22.6 million in cash and the issuance of approximately 880,000 TMX Group common shares.
TMX Group Inc. was represented by Cheryl Graden, chief legal counsel of Natural Gas Exchange Inc., a TMX subsidiary, and Cathy Watkins, legal counsel of Natural Gas Exchange and a team from Bennett Jones LLP that included Mark Powell, Christopher Skelton and Kahlan Mills (corporate, M&A); Beth Riley (competition); and Darcy Moch and Alan Rautenberg (tax).
Enbridge was represented by Darby J. Wade, vice president, general counsel and chief compliance officer of Enbridge Inc. and a team from McCarthy Tétrault LLP including Crispin Arthur and Janet Erskine (corporate, M&A); Doug Ewens and T.J. Kang (tax); Rick Pawluk (competition) and Gregory Winfield (pensions). Circuit was represented by a team from Felesky Flynn LLP including Brent Perry and Gail Lai (tax).
Lawyer(s)
L. Alan Rautenberg
Douglas S. Ewens
Gail Lai
F. Brent Perry
Kahlan K. Mills
Darcy D. Moch
Crispin J. Arthur
T.J. Kang
Christopher R. Skelton
Gregory J. Winfield
Y. Beth Riley
Richard W. Pawluk
Janet Erskine
Mark S. Powell