Lawson Lundell LLP 11
Purchaser Target Equity
Value
Announced Features of Note
Midstream
Pembina Veresen $5.8B May 1,
2017
Target's preferred shareholder's voted on
the arrangement
Enbridge
Enbridge
Income Fund
$4.5B
May 18,
2018
Internalization of mid-stream assets
Pembina Kinder Morgan
Canada
$2.3B August 27,
2019
Target had two classes of voting shares
PSP and ATRF
AltaGas
Canada
$1B
October 21,
2019
Purchasers were pension funds
Downstream
FP Resources BIOX $32M May 15,
2017
Purchaser was a control person of Target
Services
Total Savanna $798M November 23,
2016
Initiated by hostile bid
Trican Canyon $574M
March 22,
2017
Shareholders of both companies held a
joint meeting
Ensign Trinidad $459M August 14,
2018
Initiated by hostile bid
Shawcor ZCL $306M
January 20,
2019
All cash transaction
Rubicon Logan $54M August 28,
2016
Purchaser was a US-strategic controlled by
a private equity fund
Akita Xtreme $45M
June 5,
2018
Target controlled by private equity funds
Daseke Aveda $43M April 13, 2018 Target controlled by private funds
Secure Ceiba $26M May 15,
2017
Target's senior management departed just
before the transaction was agreed
Clean Harbors Lonestar West $21M May 11,
2017
Purchaser was a US-strategic
Tervita Newalta $16M March 1,
2018
Complex restructuring of Target
Matrrix Stampede $7M October 31,
2017
Target was a widely-held private