Israel Chemicals Ltd. (ICL), through an indirect wholly owned subsidiary, acquired all of the common shares of Allana Potash Corp. (Allana) it did not own. The transaction was valued approximately $164 million and was completed, pursuant to a court approved plan of arrangement under the Business Corporations Act (Ontario), for cash and securities of ICL. The transaction closed on June 22, 2015.
Allana was represented in-house by Brianna Davies, Corporate Secretary & Legal Counsel. External representation to Allana was provided by Cassels Brock & Blackwell LLP with a team that included André Boivin, Alexander Pizale and Joyce Lim (securities/mining), Chris Norton (tax) and Robert Cohen and Lara Jackson (litigation) with the assistance of Dorsey & Whitney LLP, John Hollinrake, for US tax matters; and Mesfin Tafesse for Ethiopian legal matters.
ICL was represented in-house by Lisa Haimovitz, VP Global General Counsel and Company Secretary, Liat Alon, Legal Counsel. External representation to ICL was provided by McMillan LLP with a team that included Paul Davis and Sandra Zhao (M&A/securities), John Clifford (corporate), Carl Irvine (tax), Brett Harrison (litigation) and Paul Boshyk (employment); and by Davis Polk & Wardwell LLP in the United States with a team that included Michael Kaplan, Meghan Maloney and Denny Won; and by Goldfarb Seligman & Co., Law Offices in Israel with a team that included Dubi Zoltak and Florence Limor-Shaham; and by Freshfields Bruckhaus Deringer in Israel with a team led by Adir Waldman; and by Teshome Gabre-Mariam Bokan Law Office in Ethiopia with a team that included Teshome Gabre-Mariam Bokan and Marina Bwile.