Petroamerica Oil Corp. and Suroco Energy Inc. fended off a hostile bid by Vetra Holding S.a.r.l. and Vetra Acquisition Ltd. and completed a plan of arrangement pursuant to which Petroamerica acquired all the issued and outstanding shares of Suroco for an approximate total value of $108.6 million.
Petroamerica was represented by Dentons Canada LLP with a team including Adrienne O'Reilly, Chris Manderville, Bruce MacPhail, Peter Yates and Danielle Mayhew (securities), Cynthia Amsterdam, Jerry Patterson and Emily McCartney (litigation), and Sebastian Elawny (tax).
Suroco was represented by Gowling Lafleur Henderson LLP with a team including Gordon Chmilar, Stuart Olley, Martin Mix and Charlotte Feasby (securities); Kelley McKinnon, Jeffrey Oliver, Deborah Templer and Gillian Scarlett (litigation); and Brent Kerr (tax) and Birch Miller (employment).
The Special Committee of the Board of Directors of Suroco was represented by Andrea Whyte of Osler, Hoskin & Harcourt LLP.