On July 26, 2001, Sun Microsystems, Inc. acquired ISOPIA, Inc. in an exchangeable share and cash transaction, completed by way of a plan of arrangement. Sun plans to make ISPOIA a part of Sun Educational Services. The value of the consideration for the acquisition was US$94 million, exclusive of transaction costs.
In-house counsel for Sun were Laura A. Fennell, Irma Villarreal, Carmel Gill and Jeffrey Shore. Wilson Sonsini Goodrich & Rosati acted as US outside counsel, with a team composed of Michael S. Dorf, Amy E. Rees, George F. Parker, Elizabeth A. Cheever, Nicole M. Kim, Ivan H. Humphreys, Bruce A. Cohen, Eileen C. Marshall, John E. Aguirre and Blake W. Martell. Sun retained Stikeman Elliott as its Canadian counsel, with Peter Castiel, Gayle Noble, Eric Lowy, Claire Zikovsky, Marie-Pierre Simard and Howard Liebman advising on the corporate side; Frédéric Harvey and Michel M. Ranger on the tax side; Hélène Bussières and Julie Patry on employment issues and Eliot N. Kolers and Elizabeth Pillon on litigation matters.
Smith Lyons LLP (now Gowling Lafleur Henderson LLP) represented ISOPIA with a team composed of Donald B. Johnston, Gloria J. Geddes, Todd M. May, Bernadette Corpuz, Chad D. Hutchinson, Vince Imerti, Lisa R. Lifshitz, David F. Bell and Corina O. Zatreanu. Acting as US counsel was Christopher J. Cummings of Shearman & Sterling.