Nanovation Technologies Inc. Acquires Stamford International

US photonics phenom Nanovation Technologies Inc. (Nanovation) and Ont.-based holding company Stamford International Inc., (Stamford), announced on February 24, 2000 that, pursuant to a Court-ordered plan of arrangement, Nanovation will undertake a $1.25 billion exchangeable share acquisition of Stamford. Under the agreement, the common shareholders of Stamford will exchange their Stamford shares for Exchangeable Shares and Tail Exchangeable Shares of a Canadian subsidiary of Nanovation, and Stamford will amalgamate to become a subsidiary of Nanovation. The exchange ratio of the deal will be confirmed at the effective date of the Arrangement.

Closing of the deal is expected to occur as soon as practicable following shareholder and final Court approval.

Borden Ladner Gervais LLP is acting for Nanovation. The BLG team includes partners Alfred Page and Paul Mingay (M&A), Larissa Tkachenko (Tax), Jim Douglas and Benjamin Glustein (Litigation), as well as associates Christiane Vachon and Liz Jordan (Corporate). US counsel to Nanovation is the New York office of Stroock & Stroock & Lavan, led by securities partner David Finkelman and tax partner Jeff Uffner. Canadian counsel to Stamford is Blake, Cassels & Graydon LLP with a team that includes Alan Brown, Anoop Dogra, Christopher Van Loan, Jeff Trossman and Seumas Woods. US Counsel to Stamford is McGuire, Woods, Battle & Booth LLP, with a team led by David Pankey and Robert McElroy.