Transactions & Cases Detail



Transaction/Case Details

Citadel Capital and National Petroleum affiliates complete C$824.5 million acquisition of Rally Energy

DATE CLOSED

September 27, 2007

BUSINESS SECTOR

Oil & Gas

LEAD OFFICE

Calgary

VALUE

834.48 Million CAD


OVERVIEW

On September 27, 2007, Rally Energy Corp. was acquired by an affiliate of Citadel Capital Company and National Petroleum Company S.A.E. The purchase price was C$7.30 Cdn per common share, and the difference between the exercise price and C$7.30 per outstanding option, for an aggregate purchase price of C$834,483,145.

McCarthy Tétrault advised Rally with a team that was led by Rick Pawluk.

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