Goodmans LLP, Osler, Hoskin & Harcourt LLP along with Paul Weiss Rifkind Wharton & Garrison LLP advised on Hudbay’s US$2 billion acquisition of Arizona Sonoran Copper.
Hudbay Minerals Inc. Has agreed to acquire all outstanding shares of Arizona Sonoran Copper Company Inc. In an all-share transaction valued at approximately US$2 billion, through a plan of arrangement under the BCBCA.
The Transaction will result in Hudbay owning a 100% interest in ASCU’s Cactus project in Arizona. The Transaction brings together two highly complementary copper growth assets in Arizona and strengthens Hudbay’s position as a premier Americas-focused copper company with a pipeline of long‑life, low‑cost assets in tier-one jurisdictions. The acquisition is expected to enhance Hudbay’s long‑term copper production profile, expand its U.S. growth pipeline and benefit from increasing demand for domestically produced critical minerals in the U.S.
Goodmans LLP is advising Hudbay Minerals.
The team is led by Partner Kari MacKay and includes Hari Marcovici, CFA, Jake Hogan, Shadi Varkiani, Annie MacKinnon and Molly Podrebarac (M&A); Kate McNeece and Jonathan Wall (Regulatory); Alan Bowman and Michael Hassar (Tax); Peter Kolla and Tom Friedland (Litigation); and Brian Sweigman and Michael Comartin (Employment / Benefits).
Osler, Hoskin & Harcourt LLP is advising Arizona Sonoran Copper Company.
The team is led by James Brown and includes Minji Park, Emery White, Hannah Woods, Nicole Ladeur and Andrew Omazic (Corporate); Lynne Lacoursiere and Tatyana Gudge (Executive Compensation); David Davachi and Jean-Philippe Dionne (Tax); Shuli Rodal (Competition and Foreign Investment); Damian Rigolo (Employment); Andrea Boctor and Alex Galiyash (Pensions and Benefits); Evan Barz (Environmental); and Teresa Tomchak (Disputes).
Paul, Weiss, Rifkind, Wharton & Garrison LLP is also advising Arizona Sonoran Copper Company.
The Paul, Weiss team is led by Corporate Partner Ian Hazlett and Associate Aaron Abramson, and includes Executive Compensation Partner Christopher Gonnella; Tax Partner Matthew Jordan; Litigation Partner Nathan Mitchell; and Antitrust Counsel John Magruder.
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