On October 1, 2010, Total E&P Canada Ltd., a wholly owned subsidiary of Total S.A., acquired UTS Energy Corporation, an Alberta-based oil sands exploration and development company, for purchase price consideration of approximately $1.5 billion.
In addition to cash consideration of $3.08 for each UTS share held, the shareholders of UTS received 0.1 of a share of SilverBirch Energy Corporation, a company formed pursuant to the transaction through the spin-out of certain UTS assets.
Total's in-house team was led by Jonathan Marsh, and included Olivier Insolubile of Total S.A. as well as Deidre Derworiz of Total E&P Canada Ltd. Total was represented by Goodmans LLP with a team that included Stephen Halperin, Mark Spiro and Daniel Jeon (corporate/M&A/securities); Richard Annan (competition/antitrust); Joel Schachter (foreign investment) and Carrie Smit and Jon Northup (tax).
UTS was led by its in-house counsel Jina Abells Morissette and was represented by Blake, Cassels & Graydon LLP with a team that was led by Ron Deyholos and Pat Finnerty and included Ross Bentley, Jacquie Moore, Dana Hnatiuk, Jennifer Marshall and Richard Maclean (corporate/M&A/securities); Mungo Hardwicke-Brown, Jana Prete and Kevin Kerr (energy); Navin Joneja and Gregory Hilton-Sullivan (competition/antitrust/foreign investment); Sean Maxwell (pension and employee benefits); Max Brunette (employment and labour); and Paul Logan (real estate) and by Craig Maurice of Macleod Dixon LLP as tax counsel. UTS was represented in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team consisting of Andrew Foley, David Mayo, Lee Hepner and Alexis Fink.
In addition to cash consideration of $3.08 for each UTS share held, the shareholders of UTS received 0.1 of a share of SilverBirch Energy Corporation, a company formed pursuant to the transaction through the spin-out of certain UTS assets.
Total's in-house team was led by Jonathan Marsh, and included Olivier Insolubile of Total S.A. as well as Deidre Derworiz of Total E&P Canada Ltd. Total was represented by Goodmans LLP with a team that included Stephen Halperin, Mark Spiro and Daniel Jeon (corporate/M&A/securities); Richard Annan (competition/antitrust); Joel Schachter (foreign investment) and Carrie Smit and Jon Northup (tax).
UTS was led by its in-house counsel Jina Abells Morissette and was represented by Blake, Cassels & Graydon LLP with a team that was led by Ron Deyholos and Pat Finnerty and included Ross Bentley, Jacquie Moore, Dana Hnatiuk, Jennifer Marshall and Richard Maclean (corporate/M&A/securities); Mungo Hardwicke-Brown, Jana Prete and Kevin Kerr (energy); Navin Joneja and Gregory Hilton-Sullivan (competition/antitrust/foreign investment); Sean Maxwell (pension and employee benefits); Max Brunette (employment and labour); and Paul Logan (real estate) and by Craig Maurice of Macleod Dixon LLP as tax counsel. UTS was represented in the US by Paul, Weiss, Rifkind, Wharton & Garrison LLP with a team consisting of Andrew Foley, David Mayo, Lee Hepner and Alexis Fink.
Lawyer(s)
Paul Logan
Pat C. Finnerty
Joel S. Schachter
Jennifer Marshall
Kevin Kerr
Ronald A. Deyholos
Stephen H. Halperin
Dana Hnatiuk
Mark Spiro
Mungo Hardwicke-Brown
Craig A. Maurice
Andrew J. Foley
Gregory J.M.D. Hilton-Sullivan
Jana Prete
Jon Northup
Sean L. Maxwell
Navin Joneja
Daniel S. Jeon
Maxwell Brunette
Richard Maclean
Ross Bentley
Carrie B.E. Smit
Deidre Derworiz
Jacqueline S. Moore
Jina D. Abells Morissette
Richard Annan
Firm(s)
Goodmans LLP
Blake, Cassels & Graydon LLP
Norton Rose Fulbright Canada LLP
Paul, Weiss, Rifkind, Wharton & Garrison LLP