TVA Group Completes $101M Offering

TVA Group Inc. also completed on May 12, 2000 a $91 million public offering of subscription receipts, each representing the right to receive one participating Class B non-voting share without par value of TVA Group. The subscription receipts were exchanged the same day for Class B shares. The proceeds of the offering were used to finance TVA Group’s share of the acquisition of Motion International by TVA Acquisition Inc. TVA Group further issued $9.1 million of Class B shares pursuant to the exercise of the over-allotment option granted to the underwriters, for total gross proceeds of $101 million.

Desjardins Ducharme Stein Monast advised TVA Group with a team that included Jean-Maurice Saulnier, Jean-Pierre Chamberland and Eric Verret. In-house counsel for TVA Group was Philippe Labelle, Director, Legal Affairs and Corporate Secretary, assisted by Mimi Côté and Guylaine Bachand. Lafleur Brown (now Gowlings) advised the underwriting syndicate led by National Bank Financial Inc. with a team that included Luc Lissoir, Pierre Lissoir and Olivier Désilets.

Lawyer(s)

Olivier Désilets Pierre Lissoir Luc Lissoir Éric Verret Jean-Pierre Chamberland