ISN'T IT RICH? - American Business Media

CANADIANpresents:EARN CLE CREDITS!of pipelines, 21 million barrelsof storage capacity, and threefractionation plants. The purchaseadds to Plains’s 16,000miles of pipeline and makes itone of the largest natural gasliquids service providers in theUnited States.The sale brings BP closer toits goal of raising almost $40 billionthrough asset sales to helpit pay for the 2010 DeepwaterHorizon spill in the Gulf ofMexico, the worst in U.S. history.BP chief executive RobertDudley has overseen divestituresin Venezuela, Vietnam, and theU.S. since taking over from formerCEO Tony Hayward morethan a year ago.BP sold other Canadian gasassets as part of a $7 billion dealwith Apache Corp. last year. Thecompany is also getting rid ofhalf its U.S. refining capacity,including plants in Texas City,Texas, and Carson, California. Itplans to complete the U.S. refinerysales by the end of 2012. Thesale of the Canadian natural gasoperations is expected to closein the first half of 2012.FOR ACQUIROR PLAINS MIDSTREAMCANADA ULC (CALGARY)In-House: At PAA Natural GasStorage: vice president–legal andbusiness development RichardMcGee. At Plains MidstreamCanada ULC: senior legal counselMichael Callihoo.Bennett Jones: Energy: DonaldGreenfield, Vivek Warrier, andassociates Robert Bodnar, ChelseaNickles, and Yun Zhu. Competition:Beth Riley. Intellectualproperty: Michael Whitt. Employment:John Batzel. Regulatory: associatesKaren Beattie and BlakeWilliams. The firm has representedPlains Canada since 2000.Felesky Flynn: Tax: SiobhanGoguen. (She is in Calgary.)FOR SELLER BP P.L.C.(LONDON)In-House: Legal manager–CanadaBrian Selinger and legal counselJenelle Matsala.Fraser Milner Casgrain: M&A:Dale Skinner. Energy: MichaelHurst. (They are in Calgary.) —L.K.BCE &Rogers / Maple LeafSports & Entertainmentta nm e Apair of Canadiantelecom giants avoideda face-off and cooperatedto score big, acquiring acombined 75 percent stake inMaple Leaf Sports & Entertainment(MLSE), the companythat owns the Toronto MapleLeafs professional hockey team,the Toronto Raptors pro basketballteam, and other sportsrelatedbusinesses. RogersCommunications Inc. and BCEInc. announced on December9, 2011, that each will acquire37.5 percent of MLSE fromthe Ontario Teachers’ PensionPlan in a $1.3 billion deal thatalso includes the Toronto FCprofessional soccer club, the TorontoMarlies American HockeyLeague team, and the AirCanada Centre in downtownToronto, among other assets.As part of the deal, KilmerSports Inc., which is owned byMLSE chairman Larry Tanenbaum,will increase its stake to25 percent and Tanenbaum willremain chairman. MLSE is notpublicly traded and its financialsare not disclosed, but it is widelyregarded as hugely profitable.For Rogers and BCE, content isthe king of this deal, which willgive them programming fuel fortheir all-sports networks, digitalIN-HOUSE COUNSEL LABOR ANDEMPLOYMENT LAW FORUMMarch 27, 2012 | The Harvard Club | New York, NYIn-House Counsel Labor and EmploymentLaw Forum Top Five Reasons to Attend:DISCOVER ANALYZEEXAMINEHEAR ABOUTLEARN Register TODAY!www.corpcounsel.com/laborforumASSOCIATION PARTNER:FROM THE PUBLISHERS OF: