Whitecap Resources Inc. (Whitecap) completed the acquisition of Beaumont Energy Inc. (Beaumont) pursuant to a plan of arrangement for approximately $587.5 million. The transaction closed on May 1, 2015. Whitecap is a dividend paying oil-weighted company based in Calgary with properties in Alberta and west central Saskatchewan. Whitecap’s common shares are traded on the Toronto Stock Exchange under the symbol WCP.
Beaumont is a concentrated, high netback, light oil-weighted Viking focused company with operations primarily in the Kerrobert area of west central Saskatchewan.
Whitecap was represented by Burnet, Duckworth & Palmer LLP. The team from BD&P was composed of Grant Zawalsky, Shannon Gangl, Nicole Bacsalmasi, and Sylvie Welsh (securities), Heather DiGregorio (tax) and Jody Wivcharuk (competition).
Beaumont was represented by Borden Ladner Gervais LLP. The team from BLG was composed of William Guinan, Steven Pearson, Louise Lee, Michael Saliken and Peter Newman (securities) and Lindsay Holmes and Jean-Philippe Couture (tax).