Celestica Purchases Primetech Electronics

Celestica Inc., a world leader in electronics manufacturing services, entered into an arrangement with Primetech Electronics Inc. providing for the acquisition by Celestica by way of plan of arrangement of all of Primetech’s outstanding shares on May 31, 2001. Primetech is an electronics manufacturing services provider based in Kirkland, Quebec. The total transaction value, including consideration for shares, stock options and assumption of debt, is approximately $265 million.

Primetech was represented by a team of Ogilvy Renault lawyers, including, on the mergers and acquisitions and securities side, Norman M. Steinberg and Francis R. Legault in Montreal and Ava G. Yaskiel and Wendy Warhaft in Toronto, Jules Charette (Montreal) for tax matters and Denis Gascon (Montreal) for competition law matters.

Celestica was represented by Davies Ward Phillips & Vineberg LLP’s I. Berl Nadler, Timothy H. Moran, Patrick E. Moyer and Melanie Koszegi (corporate/securities), Geoffrey Turner (tax), Dany Assaf and Julie Soloway (competition), Gray Taylor (environmental) and Guy Lander (US issues). A special committee of independent directors represented by Sidney Horn and France Margaret Bélanger of Stikeman Elliott in Montreal reviewed the transaction.