Pan American Silver Corp. successfully completed its acquisition of all of the issued and outstanding common shares of Minefinders Corporation Ltd.
The acquisition was effected by way of a court-approved plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario).
Under the terms of the Arrangement, former shareholders of Minefinders received, on average, $1.84 and 0.55 of a Pan American share for each of their Minefinders shares, subject to some variation based on elections and prorationing.
The total transaction value was approximately $1.4 billion.
Pan American was represented by its General Counsel, Robert Pirooz, and its Counsel and Corporate Secretary, Delaney Fisher. Pan American's lead counsel was Borden Ladner Gervais LLP in Canada with a team that included Fred Pletcher, Graeme Martindale, Michael Waters, Samir Patel and Zohar Barzilai (M&A); Martha Martindale (banking); Richard Bennett and Carolyn MacDonald (tax); Shelley-Mae Mitchell and Lisa Carlson (labour & employment); Jeffrey Thomas (competition); and Kara Beitel (litigation).
Skadden, Arps, Slate, Meagher & Flom LLP represented Pan American in connection with the US securities, antitrust, and tax aspects of the acquisition with a team including Riccardo Leofanti, Yossi Vebman, Joseph Nisa, David Beeston, Daniel McCall and Vikram Agarwal. In Mexico, Pan American was represented by R.B. Abogados with a team including Enrique del Bosque and Miguel Aguilar (corporate) and Jose Luis Mora (competition). In addition, Pan American was represented in Argentina by Zaballa Carchio Abogados with a team that included Sebastián Vedoya (corporate).
Minefinders was represented in Canada by a team that included John Stark, John Anderson, Jennifer Honeyman and Shona Sinclair (M&A); Donald Belovich (corporate); Dean Kraus, Jonathan Willson and John O'Connor (tax); Shawn Neylan (competition), Scott Perrin (banking), and Eliot Kolers and Ellen Snow (litigation) of Stikeman Elliott LLP; and in the US by Kenneth Sam, Ted Farris and Jason Brenkert (corporate) and John Hollinrake Jr. (tax) of Dorsey & Whitney LLP. In Mexico, Minefinders was represented by García-Jiménez & Asociados with a team including Victor Garcia Jimenez (corporate); and by Cereceres & Villalobos Abogados S.C. with a team including Rafael Cereceres (corporate).