Intrexon Corporation completes acquisition of Okanagan Specialty Fruits Inc.

Intrexon Corporation (Intrexon) completed its acquisition of Okanagan Specialty Fruits Inc. (OSF) by way of statutory plan of arrangement pursuant to which a wholly-owned subsidiary of Intrexon acquired all the securities of OSF for US$41 million. OSF shareholders received US$31 million in Intrexon common stock and US$10 million in upfront cash, subject to certain escrow hold-back.

Intrexon Corporation is a leader in synthetic biology focused on collaborating with companies in health, food, energy, environment and consumer sectors. OSF is the pioneering agricultural company behind the Arctic®-apple, the world’s first non-browning apple, based in Summerland, British Columbia.

Intrexon was represented in-house by Chief Legal Officer, Donald Lehr and Vice-President, Associate General Counsel and Chief M&A Counsel, Christian Ulrich and by Canadian counsel, Farris, Vaughan, Wills & Murphy LLP, with a team led by Hector Mackay-Dunn, QC and including Denise Nawata, Lisa Andrews and Michael Rawluk (corporate and securities); Thom Ciz (tax) and Teresa Tomchak (securities regulatory). Canadian tax counsel was provided to Intrexon by Borden Ladner Gervais LLP, with a team led by Richard Bennett and Kim Maguire, and Intrexon was also represented by US counsel Troutman Sanders LLP, with a team led by John Owen Gwathmey and including David Meyers, Shona Smith, Jonathan Downs and Doug Boyle (corporate and securities).

OSF was represented by Owen Bird Law Corporation, with a team co-led by Patrick Haberl and Edie Ryan, and including Jeffrey Lightfoot and Carl Pines (corporate and securities) and Paul Brackstone (securities regulatory).