Client Work Detail
matter
Andlauer Management Group Proposes to Acquire ATS Income Fund
CLIENT
Andlauer Management Group Inc.
DATE
August 11, 2008
EXPERTISE
LAWYER(S)
Terence Dobbin, Pierre Dagenais, Andrea Brewer, Adrienne Oliver
On August 11, 2008, Andlauer Management Group Inc. ("AMG") announced that it has proposed a transaction to the board of trustees of ATS Andlauer Income Fund ("ATS") (TSX: ATS.UN) under which AMG or an affiliate would acquire all of the units of ATS not owned by AMG or its affiliates at a price of $11.75 per Unit which represents a premium of $2.30 or 24.3% from the closing price of the Units on the TSX on August 11, 2008 of $9.45 and 25.8% based on the 20-day volume weighted average price of the ATS units.
A formal offer has not yet been made to unitholders. AMG has reserved the right not to proceed with a formal offer if the Board of ATS does not make a favourable recommendation to Unitholders in respect of a transaction and enter into a support agreement with AMG.
Andlauer Management Group is represented by Ogilvy Renault LLP with a team comprised of Terry Dobbin, Pierre Dagenais, Andrea Brewer (Corporate/M&A) and Adrienne Oliver (Tax).
