, Inc. Purchases Software Business, Inc. (Homestore), a leading internet home and real estate network, announced on June 12, 2000 that it had acquired Richmond-based Top Producer Systems Inc. (Top Producer), a leading North American supplier of leads management and marketing software for real estate professionals. The transaction involved the purchase of all the shares of Top Producer for US$24.2 million in cash and shares of a Nova Scotia Unlimited Liability Corporation exchangeable for shares in Homestore, as well as up to an additional US$16.20 in exchangeable shares based on a four year earn-out formula.

Acting for Top Producer was Lang Michener with a team lead by Karl E. Gustafson, David J. Ross (corporate) and Peter Botz (tax) with support from Albert Pinzon of the New York firm of Mound, Cotton & Wollan on securities issues. Homestore was represented by the Los Angeles firm of Latham & Watkins led by John Newell (securities) with support from Joan Chambers of Borden Ladner Gervais LLP.


Peter Botz Albert J. Pinzon Karl E. Gustafson David J. Ross Joan C. Chambers John M. Newell


McMillan LLP Mound Cotton Wollan & Greengrass Latham & Watkins LLP Borden Ladner Gervais LLP (BLG)