Cassels Brock Represents Special Committee in Polish Mining Giant's $3.5 Billion Acquisition of Quadra FNX Mining Ltd.

Published: 04/12/2012

By Jennifer Hansen, Jeffrey P. Roy, Paul M. Stein

Cassels Brock & Blackwell, in the form of a team comprised of Paul Stein, Jeffrey Roy and Jennifer Hansen, represented the Independent Committee of the Board of Directors of Quadra FNX Mining Ltd. in connection with the acquisition of all of the issued and outstanding shares and warrants of Quadra FNX by KGHM Polska Miedz S.A. (“KGMH”) .

KGMH agreed to pay C$15.00 in cash for each common share of Quadra FNX, C$5.76 for each 2007 warrant and C$1.68 in cash for each 2009 warrant. Total transaction value (including assumption of debt) was approximately C$3.5 Billion. The transaction closed on March 5, 2012.