Parrish & Heimbecker Agrees to Acquire Dover Industries

On December 4, 2008, Parrish & Heimbecker, Limited entered into an agreement with Dover Industries Limited pursuant to which P&H agreed to acquire all outstanding common shares of Dover for cash consideration of $19.25 per share by way of a statutory plan of arrangement. The aggregate deal value is approximately $136 million.

Parrish & Heimbecker was represented by Osler, Hoskin & Harcourt LLP with a team that included Stan Magidson, Kashif Zaman, and Justin Williams (M&A); Steve Suarez (tax); and Peter Glossop, Paul Winton and Nicole Brown (competition).

Dover was represented by Stikeman Elliott LLP with a team that included John Ciardullo, Amanda Linett, Yousef Rehman (M&A); Paul Collins, Deborah Salzberger, Jennifer MacArthur (competition/regulatory); Susan Thomson (tax); Larry Cobb (environmental); Gary Nachshen, Andrea Boctor (pensions); Eliot Kolers (litigation); Lelia Costantini (labour); and Melissa Schyven (real estate).