Husky Energy completes US$588 million acquisition of Marathon Canada shares

Date Closed: 10/01/2003

Value: US$588 million

Husky Energy Inc. acquired all the issued and outstanding shares of Marathon Canada Limited and the Western Canadian assets of Marathon International Petroleum Canada Ltd. for US$588 million. Immediately thereafter, Husky sold certain of the former Marathon Canada properties to EOG Resources Canada Inc. for US$320 million. Both transactions closed on October 1, 2003.

Husky Energy was represented in-house by Jim Girgulis, vice-president, legal, and corporate secretary; Jim Cook, manager, legal; and Jina Abells, senior counsel; and by BLG, with a team led by Dan Kolibar and including Colin MacDonald (Investment Canada and competition), Robert Kopstein (tax) and Neil de Gelder, Q.C., Lloyd McLellan and Stephanie Nagel.