Steve's practice covers a broad range of commercial litigation matters, with emphasis on securities, M&A, directors' & officers' liability, class actions, and internal investigations. Steve has conducted proceedings in the courts of Alberta, Ontario, Manitoba and Canada (Federal Court) and appeals in the Ontario Court of Appeal and Alberta Court of Appeal. Steve has conducted various regulatory proceedings before the Ontario, Alberta and Manitoba Securities Commissions and the Alberta Utilities Commission. Steve is a regular speaker and writer on issues pertaining to securities litigation, insolvency and class actions.
Morgan Stanley completed the acquisition of Solium Capital Inc., a leading global provider of software-as-a-service for equity administration, financial reporting and compliance, headquartered in Calgary, for $1.1 billion.
On July 19, 2018, Tervita Corp. (“Tervita”) and Newalta Corp. (“Newalta”) completed a business combination by way of plan of arrangement (the “Arrangement”), pursuant to which Tervita acquired all of Newalta’s issued and outstanding common shares.
On March 21, 2016, Suncor Energy Inc. (Suncor) completed its acquisition of Canadian Oil Sands Limited (COS). The transaction began as an unsolicited take-over bid made by Suncor on October 5, 2015, under which Suncor offered 0.25 of a Suncor share for each COS share, and was subsequently completed following the signing of a Support Agreement by Suncor and COS on January 17, 2016, pursuant to which Suncor agreed to increase its offer price to 0.28 of a Suncor share for each COS share, with the amended offer supported by the COS board of directors.
On December 1, 2015, ORLEN Upstream Canada Ltd. (ORLEN Upstream Canada), a wholly owned subsidiary of PKN ORLEN S.A. (PKN ORLEN), completed its acquisition of all of the outstanding common shares of Kicking Horse Energy Inc. (Kicking Horse) pursuant to an arrangement under the Business Corporations Act (Alberta) (the Arrangement) for approximately $356M.
On May 8, 2015, Repsol S.A. of Madrid, Spain completed the acquisition of Talisman Energy Inc. in a deal worth approximately $16.5 billion (US$13.5 billion). The transaction was the largest M&A deal by value announced in Canada in more than two years and the largest international deal by a Spanish company in over five years. The transaction was completed by way of court-approved arrangement under the <i>Canada Business Corporations Act</I> and, upon closing, all of the issued and outstanding common and preferred shares of Talisman were acquired by Repsol for cash consideration. Talisman’s publicly held debt remained outstanding following completion.