Brad Squibb is a partner with the firm’s Business Law Group, located in Calgary. His practice focuses on capital markets, mergers and acquisitions, corporate governance, and securities regulatory compliance matters. His experience includes acting for public and private issuers and investment dealers on transactional matters, including contested and uncontested takeover situations, public and private debt and equity offerings, and asset acquisitions and divestures. Brad’s transaction experience also covers cross-border matters, shareholder activism matters ,and the formation, listing, and governance of investment funds. Brad is a member of the Law Society of Alberta, the Calgary Bar Association, and the Canadian Bar Association. He currently serves as Chair of the Energy Business Committee of the American Bar Association’s Business Law Section. Brad is on the Board of Governors of the Lindsay Park Society (Repsol Sports Centre).
AKITA Drilling Ltd. (“AKITA”) acquired all of the issued and outstanding common shares of Xtreme Drilling Corp. (“Xtreme”) by way of a Plan of Arrangement. Xtreme shareholders were able to elect to receive 0.3732394 of a Class A non-voting share of AKITA or $2.65 in cash for each Xtreme common share held, or a combination thereof, in each case subject to proration as determined by a cash maximum and a share maximum.
On February 13, 2007, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. through their indirect wholly owned subsidiary HCP Acquisition Inc. (together, Harbinger) acquired all of the outstanding trust units of Calpine Power Income Fund (the fund) it did not already own at a price of $13.00 per trust unit for total consideration of approximately $760 million.