Statoil Canada Acquires North American Oil Sands for $2.2B

On June 25, 2007, Statoil Canada Limited, a wholly owned subsidiary of Statoil ASA, acquired all the shares of North American Oil Sands Corporation under a takeover bid valued at $2.2 billion.

Statoil ASA was represented by Bennett Jones LLP with a team that comprised Bob Booth, Perry Spitznagel, Chip Johnson, Brent Kraus, Jean-Pierre Pham, Vivek Warrier and Harinder Basra (M&A and corporate); Don Greenfield and Beth Riley (regulatory); Greg Johnson and Curtis Stewart (tax), John Batzel (employment) and Alan L. Rautenberg.

North American Oil Sands Corporation was represented by Stikeman Elliott LLP, with a team comprised of Leland Corbett, Martin Mix and Bradley Squibb (M&A and corporate); David Weekes (tax); Gary Nachshen (tax & employment); Susan Hutton (regulatory) and Barbara Johnston (employment).

Lawyer(s)

John C. Batzel Barbara B. Johnston Perry Spitznagel Robert (Bob) T. Booth Y. Beth Riley Gary Nachshen Jean-Pierre Pham Bradley G. Squibb Harinder Basra Curtis R. Stewart Susan M. Hutton Martin Mix Brent W. Kraus David G. Weekes Gregory M. Johnson Leland P. Corbett Donald E. Greenfield Vivek T.A. Warrier