Opérations et transactions|31 mai 2006
GE Water & Process Technologies completes C$760 million acquisition of ZENON Environmental
Torys acted as counsel to ZENON Environmental in Canada and the United States with a team that included Kevin Morris, Adam Armstrong, Jackie Taitz and Jim Turner (corporate), Linda Plumpton (litigation), Corrado Cardarelli (Canadian tax), Carolyn Naiman (competition), Peter Keenan (U.S. tax and ERISA), Jay Romagnoli and Craig Pell (U.S. antitrust) and Dennis Mahony (environmental).
On May 31, 2006, GE Water & Process Technologies, a unit of General Electric Company (NYSE: GE), completed its acquisition of ZENON Environmental Inc. (TSX: ZEN and ZEN.NV.A; OTC: ZNEVF and ZNEAF) for C$24 per share, valuing the transaction at approximately C$760 million (US$656 million). GMP Securities LP and JP Morgan Securities Inc. were financial advisers to the special committee of ZENON's board of directors.
ZENON, based on Oakville, Ontario, is a global pioneer and supplier of hollow fiber membrane technologies for water and wastewater treatment.
GE Water & Process Technologies, based in Trevose, Pennsylvania, is a leading global supplier of water treatment, wastewater treatment and process systems solutions.