GSI Lumonics (GSI), a producer of laser-based manufacturing systems and components, completed on April 17, 2000, the public offering of 4,000,000 shares of common stock in the U.S. and Canada at a price of US$17.00 per share for total gross proceeds of US$68 million. On May 2, 2000, GSI announced the completion of the sale of an additional 300,000 common shares issued pursuant to an option exercised by the underwriting group.
Torys acted for the underwriters lead by CIBC World Markets in both Canada and the U.S. The Torys team included James Scarlett, Adam Armstrong, Kevin Morris, and Gregg Horne in Toronto and Bob Ouimette, Lee Hirsch and Evan Sils in New York. Deborah Weinstein and Prashant Watchmaker of LaBarge Weinstein in Ottawa acted for GSI Lumonics. Mark Weissler of Milbank, Tweed, Hadley & McCloy LLP acted as US counsel.