Transcontinental Acquires PLM

On October 17, 2007, Transcontinental Inc. completed its successful take-over bid for all of the outstanding common shares of PLM Group Ltd. for a consideration of approximately $96 million. The take-over bid had been launched by Transcontinental on September 10, 2007. Prior to the launch of the bid, Transcontinental and PLM entered into a support agreement whereby the board of directors of PLM unanimously agreed to recommend that PLM shareholders accept the offer, and shareholders of PLM, holding 51.2 per cent of the outstanding shares, entered into a lock-up agreement whereby they agreed to deposit their shares to the bid.

Transcontinental was represented in-house by Vice President, Chief Legal Officer and Corporate Secretary Christine Desaulniers, and assisted by a team from Stikeman Elliott LLP consisting of Sidney M. Horn, Pierre-Yves Leduc, Jean-Fran├žois Laroche and Philippe Tommei (corporate and securities) and Luc Bernier, Franco Gadoury and Fanny Brodeur (tax).

PLM was represented by Gowling Lafleur Henderson LLP led by Iain Robb with Kathleen Ritchie, Connie Sugiyama and Danielle Waldman (corporate and securities) and Gloria Geddes (tax).
The Special Committee of PLM's board of directors was represented by Goodmans LLP consisting of Susan Garvie and David Matlow (corporate and securities).

The locked-up shareholders were represented by McMillan Binch Mendelsohn LLP with a team consisting of Margaret McNee and Jason Chertin.


Fanny Brodeur Franco Gadoury Susan A. Garvie Jason A. Chertin Margaret C. McNee Jean-François Laroche Pierre-Yves Leduc Christine Desaulniers Luc Bernier Gloria J. Geddes David J. Matlow Sidney M. Horn Kathleen M. Ritchie Iain A. Robb Constance L. Sugiyama