TransactionsCassels Brock Represents Tonbridge Power Inc. in Its Sale of All Outstanding Common Shares to Enbridge Inc.Published: 11/30/2011 By Robert B. Cohen, Peter A. Dunne, Chris Hersh, David Swain On October 13, 2011, Enbridge Inc. completed the acquisition of all of the outstanding common shares of Tonbridge Power Inc. for $20 million through a plan of arrangement. As part of the plan of arrangement, Enbridge Inc. also agreed to repay approximately $50 million of debt incurred in the development of Tonbridge’s Montana Alberta Tie Limited power transmission project for a final purchase price of approximately $70 million. Cassels Brock represented Tonbridge Power Inc. in Canada with a team that included Peter Dunne (Securities and M&A), Norman Findlay (Securities and M&A), Robert Cohen (Securities Litigation), Chris Hersh (Competition) and David Swain (Securities). |