Maverick Tube/ Prudential Merger

US-based Maverick Tube Corporation (Maverick) and Calgary-based Prudential Steel Ltd (Prudential) announced on June 11, 2000 that they have agreed to combine their businesses in a transaction valued at US$500 million. The deal will close in September, 2000.

Robert Richardson, Jasprit Gill (corporate/securities) and James Morand (tax) of McCarthy Tétrault act for Maverick. Acting for Prudential are Jim Smeltzer and Brad Markel of Bennett Jones.