TMX Group Acquires NetThrutPut

On May 1, 2009, Enbridge Inc. and Circuit Technology Limited completed the sale of NetThruPut Inc., an Internet-based exchange and clearing facility for crude oil products, to TMX Group Inc.

The final purchase price was approximately $52.2 million, which was comprised of approximately $22.6 million in cash and the issuance of approximately 880,000 TMX Group common shares.

TMX Group Inc. was represented by Cheryl Graden, chief legal counsel of Natural Gas Exchange Inc., a TMX subsidiary, and Cathy Watkins, legal counsel of Natural Gas Exchange and a team from Bennett Jones LLP that included Mark Powell, Christopher Skelton and Kahlan Mills (corporate, M&A); Beth Riley (competition); and Darcy Moch and Alan Rautenberg (tax).

Enbridge was represented by Darby J. Wade, vice president, general counsel and chief compliance officer of Enbridge Inc. and a team from McCarthy T├ętrault LLP including Crispin Arthur and Janet Erskine (corporate, M&A); Doug Ewens and T.J. Kang (tax); Rick Pawluk (competition) and Gregory Winfield (pensions). Circuit was represented by a team from Felesky Flynn LLP including Brent Perry and Gail Lai (tax).


L. Alan Rautenberg Douglas S. Ewens Gail Lai F. Brent Perry Kahlan K. Mills Darcy D. Moch Crispin J. Arthur T.J. Kang Christopher R. Skelton Gregory J. Winfield Y. Beth Riley Richard W. Pawluk Janet Erskine Mark S. Powell