Page 44 - CCCA61_2011

CCCA_V5No1_Col-DealDevelop-FIN.qxd:CCCA_V1No2_Col-News-V1.qxd 2/2/11 11:35 AM Page 44 AND Gerdau S.A. (con’d) Date: Closed August 30, 2010. On the Deal: For Gerdau S.A.: In-house by Expedito Luz, General Counsel; Jonathan Lampe, Michael Partridge and Ryan Done (corporate/secur- ities), Mitch Sherman and Jon Northup (tax), and Tom Friedland and Jason Wadden Johathan Lampe, Karrin Powys-Lybbe, John Emanoilidis, Dean Blain, Kathleen Ritchie, Goodmans LLP Torys LLP Torys LLP Gowling Lafleur Gowling Lafleur (litigation), Goodmans LLP. Henderson LLP Henderson LLP For Gerdau Ameristeel: In- house by Robert Lewis, General Counsel; Karrin Powys-Lybbe, John Emanoilidis, Peter Bryce and Luke Crosby (corporate/securities), Christina Medland (compensation), James Welkoff and Catrina Card (tax), and Linda Plumpton and Justin Necpal (litigation), Torys LLP. For the Special Committee of Gerdau Ameristeel: Dean Blain and Kathleen Ritchie, Gowling Lafleur Henderson LLP. Ford Credit Canada Limited Details: Ford Credit Canada Limited (“FCCL”) completed a retail loan securitization transac- tion, receiving proceeds of CAD$0.7-billion. In order to carry out the transaction, Ford Auto Securitization Trust (the “Trust”), a master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL. The Trust financed the purchase by completing a public offering of six classes of Series 2010-R3 Asset-Backed Notes to third-party investors. The offering was made by a syndicate of underwriters consisting of Merrill Lynch Canada Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., and Scotia Capital Inc. and their respective US-registered broker-dealer affiliates. Date: Closed September 28, 2010. Dirk Rueter, Rick Fullerton, McCarthy Tétrault LLP Osler, Hoskin & Harcourt LLP On the Deal: For FCCL and the Trust: Dirk Rueter, Richard O’Doherty, Jo-Anna Brimmer, and Tina Benson (corporate and securities), and James Morand (tax), McCarthy Tétrault LLP. For the underwriters: Rick Fullerton, Osler, Hoskin and Harcourt LLP. Timminco and Dow Corning Details: Timminco Limited (“Timminco”) and Dow Corning Corporation (“Dow Corning”) com- pleted a joint venture transaction regarding the silicon metal production facilities of Timminco’s wholly owned subsidiary, Bécancour Silicon Inc. (“Bécancour Silicon”). Dow Corning acquired a 49 per cent equity interest in Québec Silicon Limited Partnership (“Québec Silicon”), the new joint venture entity that owns the silicon metal operations in Bécancour, Québec, in consideration for net cash proceeds of approximately US$40.3-million. Bécancour Silicon could receive earn-out payments of up to potentially an additional US$10.0-million, sub- ject to achieving certain performance objectives relating to production cost and capacity improvements within three years after closing. Bécancour has retained a 51 per cent equity François H. Ouimet, Jay Kellerman, Stikeman Elliott LLP Stikeman Elliott LLP stake in Québec Silicon, as well as all of the solar grade silicon purification operations and facilities at the Bécancour site. Date: Closed October 1, 2010. On the Deal: For Timminco: In-house by Peter Kalins, General Counsel and Corporate Secretary, and by Rob Assal, Legal Counsel; François H. Ouimet, Jay Kellerman, Daphne MacKenzie, Sylvia Avedis, Marie-Josée Marcoux and Laura Salvati (banking and financing), Valérie Mac-Seing, Sébastien Thomas, Nathalie Duceppe and Michèle Baillargeon (real estate), Michael Burkett, Kevin Kyte, Mark Fedorowycz, Alison Bier and Nicholas Badeen (corporate), Jean Carrier and Myriam Fortin (environmental), Gary Nachshen, Hélène Bussières and Michèle Robichaud (employment and pensions), Jonathan Auerbach and Bruno Barrette (intel- lectual property), Jeff Brown and Kim Alexander-Cook (competition), and Jean-Guillaume Shooner (tax), Stikeman Elliott LLP. For Dow Corning: In-house by John J. Tierney, Legal Counsel; Clemens Mayr, Serge Tousignant, Stéphanie Gilcher (real estate), Andrée-Claude Bérubé, Isabelle Blouin and Dominique Amyot-Bilodeau (environmental), Lorraine Allard, Rachel Solyom and Claire Ezzeddin (employment and pensions), Sylvain Vauclair, Fraser Bourne, Laurent Gauthier and Charles-Antoine Soulière (corporate), Richard O'Doherty and David Tournier (financing), Marc Darmo and Ylang Ha (tax) and Véronique Wattiez-Larose (intellectual property), McCarthy Tétrault LLP. Total E&P Canada Ltd. Details: 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 consid- eration of $3.08 for each UTS share held, the shareholders of UTS received 0.1 of a share of SilverBirch Energy Corporation, a com- pany formed pursuant to the transaction through the spin-out of certain UTS assets. 44 CCCA Canadian Corporate Counsel Association SPRING 2011