LEXPERT MAGAZINE
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JUNE 2018 17
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CORPORATE TRANSACTIONS OF IMPORTANCE
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Svalina of Vedder Price P.C. acted as US
counsel to Enesco LLC. Additional counsel
to Enesco LLC in China were Yi Chen and
Hao Zhang of Morrison Foerster LLP.
Oil & Gas Oil & Gas
SUNCOR ENERGY
ACQUIRES ADDITIONAL
SYNCRUDE INTEREST
FOR US$730M
CLOSING DATE: FEBRUARY 23, 2018
On February 23, 2018, Suncor Energy Inc.
(Suncor), through its affiliate Suncor Energy
Ventures Partnership, completed the acquisi-
tion of a 5-per-cent participating interest in
the Syncrude oil sands project from Mocal
Energy Ltd. (Mocal), a wholly owned sub-
sidiary of JX Nippon Oil & Gas Exploration
Corp. (JX), for a purchase price of US$730
million. As a result of the transaction, Sun-
cor, which is Canada's largest integrated oil
company, increased its ownership stake in
the Syncrude oil sands project from 53.74 per
cent to 58.74 per cent.
Suncor's in-house legal team on the trans-
action was comprised of Jacquie Moore,
Shawn Poirier and Ryan McCay. Suncor was
represented by Blake, Cassels & Graydon
LLP with a team that included Peter Keo-
hane, Keith Byblow, Ky Kvisle and Justin
McCrae (energy and M&A), Robert Kop-
stein and Dan Jankovic (tax) and James Des-
jardins (banking and finance).
Norton Rose Fulbright Canada LLP
advised Mocal and JX with a team that in-
cluded Robert Froehlich, Rujuta Patel, Crae
Garrett, Wayne Fedun, Colleen Abel and
Sean Wallace (energy and M&A), Dion
Legge (tax) and Matthew Longstaff (bank-
ing and finance).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
BCE INC. COMPLETES
THE ACQUISITION OF
ALARMFORCE INDUSTRIES INC.
CLOSING DATE: JANUARY 5, 2018
On January 5, 2018, BCE Inc. (Bell) com-
pleted its acquisition of all of the approxi-
mately 11.4 million common shares of
AlarmForce Industries Inc. (AlarmForce)
for a total aggregate consideration of approxi-
mately $182 million. e Acquisition is part
of Bell's Connected Home strategy.
Bell concurrently sold all customer ac-
counts of AlarmForce in British Columbia,
Alberta and Saskatchewan to TELUS Com-
munications Inc. (TELUS) for approximate-
ly $66.5 million, a price per subscriber equiv-
alent to that paid by Bell in the Acquisition.
Bell was represented by an in-house legal
team comprised of Martin Cossette, Vice-
President Legal, Jean-François Laroche, As-
sistant General Counsel, and Alexis Cloutier,
Senior Legal Counsel; and by McCarthy Té-
trault LLP with a team that included Robert
Hansen, Fraser Bourne, Laure Fouin and Jes-
sica Rousseau (corporate and M&A); Robert
Nearing, Angelo Discepola and Andrew
Haikal (tax); Étienne Guertin (financial ser-
vices); and Geoff Hall and Marc-Alexandre
Hudon (litigation). Bell was represented in
the US by Sullivan & Cromwell LLP with a
team that included Donald Crawshaw, Dan-
iel Lorme and Zachary Levine (corporate);
Eric Queen (antitrust); and Ronald Creamer
Jr. and Andrew Motten (tax).
Bennett Jones LLP represented Alarm-
Force, with a team that included Gary Sol-
way, Kristopher Hanc, Kelly Ford, Eric
Chernin and Duncan D'Arcy (M&A/corpo-
rate); Matthew Peters and Philip Ward (tax);
and Jonathan Bell and William Bortolin
(litigation).
Wildeboer Dellelce LLP acted for the
special committee of the board of directors of
AlarmForce with a team that included Mark
Wilson, Al Wiens and Ragu Anantharajah
(corporate/securities).
TELUS was represented by an in-house le-
gal team comprised of Andrea Wood, Senior
Vice-President Legal Services, and Andras F.
Vagvolgyi, Vice President Legal Services; and
by Stikeman Elliott LLP with a team led by
Sidney Horn and that included Kevin Cus-
todio, Hélia Taheri and Anne-Marie Panzini
(corporate and M&A).
NEXTVIEW NEW ENERGY
LION HONG KONG ACQUIRES
LITHIUM X ENERGY
CLOSING DATE: MARCH 12, 2018
On March 12, 2018, NextView New Energy
Lion Hong Kong Ltd. (NextView) complet-
ed its acquisition of Lithium X Energy Corp.
(Lithium X), by way of a plan of arrangement
under the Business Corporations Act (British
Columbia). Pursuant to the arrangement,
all of the issued and outstanding common
shares and common share purchase warrants
of Lithium X were acquired by NextView's
wholly owned British Columbia subsidiary,
NNEL Holding Corp., for $265 million.
e transaction involved a cash payment
to shareholders of $2.61 per share, repre-
senting a 29-per-cent premium to the 20-day
VWAP of the common shares.
NextView New Energy Lion Hong Kong
Ltd. was represented by Steven McKoen,
Evan Griffith, Zaichi Hu, Mona Yousif (cor-
porate) and Alexandra Luchenko (litigation)
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