Acquisition of option to purchase NetThruPut by TSX Group Inc.
Date Closed
September 6, 2007
Lead Office
Calgary
On September 6, 2007, TSX Group Inc., a leader in the oil and gas sector, entered into an agreement with Enbridge Inc. and Circuit Technology Limited granting TSX Group the option to acquire NetThruPut Inc. ("NTP"). Calgary-based NTP, jointly owned by Enbridge and Circuit Technology, is the leading Canadian electronic trading platform and clearing facility for crude oil. TSX Group paid $9.5 million for the right to acquire NTP from its shareholders Enbridge and Circuit Technology at a price between $40 million and $95 million depending on NTP's 2008 net earnings.
McCarthy Tétrault advised Enbridge and Circuit with a team that was led by Arthur Crispin, and included Doug Ewans, TJ Kang, John Osler, and Richard Shaw.