Tesma International Completes Offering

On July 18, 2002, Tesma International Inc. completed a $100 million bought deal offering of 2,850,000 class A subordinate voting shares at $35.15 per share. Scotia Capital Inc., led the underwriting syndicate, which included TD Securities Inc. and RBC Capital Markets Inc. Tesma is a global supplier of engine, transmission and fueling systems and modules for the automotive industry with operations in North America, Europe and the Asia-Pacific.

Torys LLP acted for Tesma, with a team that included Phil Mohtadi, William Charnetshi, Adam Armstrong, Rena Shadowitz and John Unger and Ann Marie McGovern (tax) in Toronto and Geoff Gilbert in New York. Goodmans LLP represented the syndicate of underwriters, with a team led by Stephen Halperin, and including Allan Goodman and Kari MacKay (corporate/securities).