Minute Muffler & Brake Acquires SMK Speedy

On January 7, 2004, SMK Speedy International Inc. completed a plan of arrangement whereby 578098 Alberta Ltd., operating as Minute Muffler & Brake, acquired all the issued and outstanding common shares of SMK for approximately $85 million in a combination of cash and promissory notes.

Minute was represented by Wildeboer Rand Thomson Apps & Dellelce, LLP, with a team that included Robert Wortzman (securities), Susan Thomson (tax), Rob Fonn (securities) and David Fedy (real estate). SMK was represented by Cassels Brock & Blackwell LLP, with a team that included Peter Dunne, Patrick Gleeson and Jeffrey Roy (securities), Bruce Bell (financial services), Chris Norton (tax) and Robert Cohen (commercial litigation).