Rexel $987 M Acquisition

On July 20, 2000, Rexel S.A., a world leader in the distribution of electrical parts and supplies, and Westburne Inc., the leader for the distribution of electrical supplies in Canada, announced an agreement for the acquisition by Rexel S.A. of all the outstanding shares of Westburne for a price of $22.75 per share for a total cash consideration of $987 million. The transaction is expected to be completed by the end of September, 2000.

Goodman Philips & Vineberg acted for Rexel on the deal with a team consisting of Jonathan Lampe, Neil Sheehy, Susan Doi and David Sherman (Corporate), Robert Vaux (Regulatory), Neil Harris and Jon Northup (Tax). Westburne was represented by the Montreal office of McCarthy Tétrault, with a team consisting of Daniel Bénay, Lorna Telfer and Alison Breen.


Lorna J. Telfer Daniel Bénay David M. Sherman Neil M. Sheehy Susan T. Doi Neil H. Harris Jonathan Lampe Alison T. Breen Robert Vaux Jon Northup


McCarthy Tétrault LLP Davies Ward Phillips & Vineberg LLP