WeirFoulds Represents Lonestar West in in a $43 Million acquisition by Clean Harbors

JULY 17, 2017
Michael Dolphin, Conor Dooley

On July 17, 2017 Clean Harbors, Inc. (Clean Harbors) (NYSE: CLH) and Lonestar West Inc. (Lonestar) (TSX.V: LSI) reported the completion of their previously announced transaction whereby Clean Harbors has acquired Lonestar.

The transaction is valued at approximately CAD $43 million, including an equity payout of CAD $0.72 per share to Lonestar shareholders and the assumption of approximately CAD $22 million in outstanding debt, which Clean Harbors subsequently repaid.

WeirFoulds acted for Lonestar with a team that included partner Michael Dolphin and associate Conor Dooley from the firm's securities law team.