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StarPoint Energy and APF Energy Merge Into Single Trust

Amount:

953.0B

Date Closed:

Jun 27 2005

Published in Magazine:

Sep 01 2005

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On June 27, 2005, StarPoint Energy Trust and APF Energy Trust completed a merger into a single trust to be continued under the name StarPoint Energy Trust. The acquisition of APF Energy Trust, for consideration totalling approximately $953 million, was satisfied through the issuance of trust units of StarPoint Energy Trust and the assumption of bank debt and convertible debentures of APF. Prior to the merger, in a transaction completed on June 21, 2005, APF sold certain oil and gas assets to Rockyview Energy Inc., a newly formed public exploration corporation that was spun off to APF’s unitholders.

In connection with the merger, StarPoint was represented in Canada by Heenan Blaikie LLP with a team that included James Pasieka, Tom Cotter, Mark Franko, Peter Yates and Mitch Shier, and in the US by Carter Ledyard & Milburn LLP with a team that included John Whelan, David Selden, Howard Barnet and Richard Horne.

In connection with the merger and the spin-off, APF Energy Trust was represented in Canada by Parlee McLaws LLP with a team that included Nancy Penner, Jim Thomson, Leanne Krawchuk and Peter Inglis, and by John Brussa and Jeff Fortin of Burnet, Duckworth & Palmer LLP (BD&P), who handled Canadian income tax matters. APF was represented in the US by Andrew Beck, Dan Miller, Michael Arnot, Jim Guadiana and Gregg Benson of Torys LLP, who handled US securities and tax matters. BD&P acted for Rockyview in connection with the spin-off with a team that included John Cuthbertson and Fred Davidson.

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