Carter Ledyard Represents Long-Time Client McIntyre Partners in the Deal
(New York, NY, December 4), Carter Ledyard announced today the closing of a sale by clients McIntyre Partners and other investors of 29,988,854 common shares of Greenfire Resources Ltd. (“Greenfire”) (TSX and NYSE: GFR). The shares were sold for cash consideration of USD$8.05 per share, for an aggregate purchase price of about USD$241 million representing about 43.3% of the outstanding common shares of Greenfire. The shares were sold by Carter Ledyard clients, Allard Services Limited, a corporation controlled by Julian McIntyre, Annapurna Limited, a corporation controlled by Venkat Siva, and Modro Holdings LLC to the buyer, Waterous Energy Fund Management Corp., in its capacity as manager of various limited partnerships, including Waterous Energy Fund III (Canadian) LP, Waterous Energy Fund III (US) LP, Waterous Energy Fund III (International) LP, Waterous Energy Fund III (Canadian FI) LP and Waterous Energy Fund III (International FI) LP.
The closing of the transaction followed the decision by the Alberta Securities Commission issued on November 6, 2024 to cease trade Greenfire’s initial shareholder rights plan and dismissing Greenfire’s cross-application to cease trade the transaction.
Carter Ledyard’s transaction team was led by Guy P. Lander with support by Paul J. Brown, Mary W. Brown, Louie A. Ayash, Austin D. Keyes, and Guy Ben-Ami.
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Carter Ledyard & Milburn LLP is an elite New York law firm offering clients full service legal counsel. Our 170-year history speaks to our legacy of quality client service and our location in downtown Manhattan is a hub for financial institutions and global business.
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