Whitecap Resources Inc. (Whitecap) completed the acquisition of Beaumont Energy Inc. (Beaumont) pursuant to a plan of arrangement for approximately $587.5 million. The transaction closed on May 1, 2015. Whitecap is a dividend paying oil-weighted company based in Calgary with properties in Alberta and west central Saskatchewan. Whitecap’s common shares are traded on the Toronto Stock Exchange under the symbol WCP.
Beaumont is a concentrated, high netback, light oil-weighted Viking focused company with operations primarily in the Kerrobert area of west central Saskatchewan.
Whitecap was represented by Burnet, Duckworth & Palmer LLP. The team from BD&P was composed of Grant Zawalsky, Shannon Gangl, Nicole Bacsalmasi, and Sylvie Welsh (securities), Heather DiGregorio (tax) and Jody Wivcharuk (competition).