Schneider Electric Acquires Xantrex Technology

On September 29, 2008, Schneider Electric S.A. acquired all of the common shares of Xantrex Technology Inc. under a statutory plan of arrangement pursuant to which the holders of Xantrex common shares received $15 in cash in exchange for each Xantrex common share. The transaction had an equity value of approximately $500 million and combined Xantrex's world-class technology and products with Schneider Electric's outstanding global distribution, service and supply chain infrastructure to deliver more of Xantrex's products to customers worldwide.

Schneider Electric was represented by its assistant general counsel, Bertrand Allain, and by Blake, Cassels & Graydon LLP with a team that included David Glennie, Eric Moncik, Markus Viirland, Matthew Merkley, Norbert Knutel, Gord McKenna and Sophia Javed (corporate/securities); Jason Gudofsky (competition); Gary T. Daniel (intellectual property); Jeff Sommers (pensions and benefits); Daryl Cukierman (employment); Larry Winton (real estate) and Sean Boyle (litigation). In respect of United States matters, Schneider Electric was represented by its attorneys, Howie Japlon and Mark A. Camero, and by Wilson Sonsini Goodrich & Rosati PC with a team that included Selim Day and Greg H. Stoller (mergers and acquisitions) and Scott Sher (antitrust); and legal representation in Europe was provided by Marc Pittie and Pierre Honoré of Bredin Prat.

Xantrex was represented by its corporate counsel, Lisa Skakun, and by Stikeman Elliott LLP with a team that included John F. Anderson, John E. Stark, Dan E. Steiner, Jennifer Honeyman, Shelley Balshine, Beayue Louie and Janet Pini (corporate); Shawn Neylan (competition) and Paula Price (litigation). In respect of United States matters, Xantrex was represented by Dorsey & Whitney LLP with a team that included Jeffrey A. Peterson, John D. Hollinrake, Jr. and Jennifer Coates.