Pivotal Corporation Completes $85.1 Million Offering

On November 28, 2000, Pivotal Corporation, a provider of demand chain network solutions, completed an offering of 1,000,000 common shares at a price of $85.10 per common share for gross proceeds of $85.1 million. Pivotal of North Vancouver, B.C., makes Internet-based software that allows companies to automate and link sales, marketing and customer service.

Borden Ladner Gervais LLP acted as Canadian counsel for Pivotal with a team that included Neil de Gelder, Q.C., Warren Learmonth and Mark Wang. Chris Barry at Dorsey & Whitney LLP in Seattle acted as US counsel to Pivotal. Blake, Cassels & Graydon LLP acted as Canadian counsel for the underwriters Merrill Lynch Canada Inc., Goldman Sachs Canada Inc., CIBC World Markets Inc., Goepel McDermid Inc. and Yorkton Securities Inc. with a team that included Chris Hewat, John Kolada, Anoop Dogra and Robyn Keinick in Toronto and Geoff Belsher and Karim Lalani in Vancouver. Gavin Grover and James Laws at Morrison & Foerster LLP in San Francisco acted as US counsel to the underwriters.