On June 7, 2002, Reitmans (Canada) Limited acquired Montreal-based Shirmax Fashions Ltd. by way of a takeover bid for approximately $86 million. The acquisition was financed by Bank of Montreal and The Toronto-Dominion Bank.
Davies Ward Phillips & Vineberg LLP acted for Reitmans, with a team that included Robert Vineberg, Sylvain Cossette, Shawn McReynolds, Alan Shragie, John Bodrug, Hillel Rosen, Angelo Nikolakakis, Neil Kravitz, Anita Banicevic, Marie Brault, Rodrigo Contreras and Dominic Nadeau. Lapointe Rosenstein acted for Shirmax Fashions, with a team that included Alex Konigsberg, Norman Rishikof, Denis Boudreault, Howard Levine and Jean-Charles Hare. Ken Atlas and Lise Morissette of Heenan Blaikie LLP represented the lenders.