LEXPERT MAGAZINE
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JANUARY/FEBRUARY 2018 21
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CORPORATE TRANSACTIONS OF IMPORTANCE
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is meant to help West Fraser expand its
North American operations — follow-
ing its completion, West Fraser' portfolio
comprised 21 sawmills in the US in addi-
tion to 15 in Canada.
By way of background, West Fraser en-
tered into the Stock Purchase Agreement
on July 26, obtained early termination of
the Hart-Scott-Rodino Act (HSR) waiting
period in the middle of August, and com-
pleted the acquisition on August 31. e
transaction had a significant cross-border
component and was completed in a re-
markably short timeframe.
McMillan LLP was lead counsel for
West Fraser and was involved in all aspects
of the transaction. e McMillan team was
led by Tom eodorakis and comprised
Mike Taylor, Leo Raffin, Mark Neighbor,
Morgan McDonald, Joanna Dawson, Jill
Pereira, Navnit Duhra Becky Rock, Lind-
say Dykstra and Peter Botz. Butler Snow
LLP was US counsel for West Fraser and
advised on corporate and closing imple-
mentation. Gibson, Dunn & Crutcher
LLP advised on the HSR filing.
Skadden, Arps, Slate, Meagher &
Flom LLP was counsel to the Howard Gil-
man Foundation (the seller) with a team led
by Ann Beth Stebbins that included Victor
Hollender, Erica Schohn, Liz Malone, Joe
Soltis, Mary Dear and Joanie Piasta.
Oil & Gas Oil & Gas
PARAMOUNT RESOURCES
ACQUIRES APACHE CANADA
FOR $460M
CLOSING DATE: AUGUST 16, 2017
On August 16, 2017, Paramount Resources
Ltd. acquired all of the shares of Apache
Canada Ltd., a wholly owned subsidiary of
US public company Apache Corp., for ap-
proximately $460 million. e acquisition
added significant reserves, production and
landholdings within Alberta and British
Columbia to Paramount's portfolio. e
transaction was a complex one due to the
dispositions by Apache Canada of other as-
sets not being acquired as part of the acqui-
sition of Apache Canada by Paramount.
Paramount Resources Ltd. is an inde-
pendent, intermediate Canadian energy
company. e company explores for, de-
velops, produces and markets natural gas,
crude oil and natural gas liquids in Alberta,
British Columbia, Saskatchewan and the
Northwest Territories.
Norton Rose Fulbright Canada
LLP's Calgary office advised Paramount
Resources with a team comprising Mar-
cus Archer, Wayne Fedun, Darren Huep-
pelsheuser, Ryan Keays, Bernette Ho, Alan
Harvie, Rajuta Patel, Kate Stevens, Col-
leen Abel, Sean Wallace, Matt Zedde, Tina
Sun, Christine Dowling, Erick Malysa,
and Andrew Lim. Diligence support was
provided by Norton Rose Fulbright US
LLP out of Houston with a team compris-
ing John Mauel, Sakka Kotaki, Rishika
Sengupta, Darice Angel, Maria Beltram,
and John Kurtz.
Apache was represented by P. Anthony
Lannie, Executive Vice-President and
General Counsel, Patrick Whitman, As-
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