On June 1, 2016, Westport Innovations Inc. (Westport) and Fuel Systems Solutions, Inc. (Fuel Systems) completed a merger under Delaware law whereby Fuel Systems shareholders received 2.4755 common shares of Westport for each share of Fuel Systems common stock. Fuel Systems was subsequently delisted from the NASDAQ Stock Market. The merged company, Westport Fuel Systems Inc., continues to trade on the NASDAQ Stock Market and on the Toronto Stock Exchange and has a combined equity value of approximately $350 million.
Westport was represented in-house by Salman Manki, Michael Snider and Amanda Cinnamon, and in Canada by Bennett Jones LLP with a team led by Bruce Hibbard and consisting of Matt Olson, Tessa Guenther and Kristopher Simard, and in the United States by Willkie Farr & Gallagher LLP with a team led by Matthew Guercio and consisting of Matthew Haddad, Thomas Cantore and Stephanie Moran.
Fuel Systems was represented in Canada by Blake, Cassels & Graydon LLP with a team led by Michael Gans and consisting of Michael Hickey and Joshua Whitford and in the United States by Day Pitney LLP with a team led by Ronald Janis and consisting of Achilles Kintiroglou. Special counsel to Fuel Systems was Skadden, Arps, Slate, Meagher & Flom LLP with a team led by Brian McCarthy and consisting of Michelle Gasaway and Philip Voss.