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Ogilvy Renault LLP Represents Montréal Exchange in its Strategic Partnership with New York Mercantile Exchange
March 26, 2007
Montréal - Ogilvy Renault LLP represented Montréal Exchange (MX) in its strategic partnership with New York Mercantile Exchange announced on March 23, 2007. MX, Canada's financial derivatives exchange, together with NYMEX Holdings, Inc., the world's largest physical commodity exchange, created Canadian Resources Exchange Inc., or "CAREX", the new MX-NYMEX business venture dedicated to the Canadian energy market. CAREX will offer trading and clearing services of over-the-counter and on-exchange futures and options contracts with financial or physical settlement relating to Canadian-based energy. In connection with the creation of CAREX, MX issued common shares to NYMEX representing 10% of MX's outstanding share capital at an all-cash price of C$29# per share, for aggregate gross cash proceeds to MX of approximately C$90.9 million. Ogilvy Renault represented MX in both the strategic partnership and the sale of shares, through a team comprised of Marc Lacourcière, Andrew Bleau, Peter Wiazowski and David Millette. Ogilvy Renault is a full-service business law firm with close to 450 lawyers, patent and trade-mark agents practising in the areas of business, litigation, intellectual property, and employment and labour. Ogilvy Renault has offices in Montréal, Ottawa, Québec, Toronto, and London (UK), and serves some of the largest and most successful corporations in Canada, and in more than 120 countries worldwide. The firm was recently named Best Law Firm in Canada by The International Law Office.About Ogilvy Renault
Contacts
Peter Zvanitajs - Toronto
Senior Advisor, Media Relations
416.216.1871
pzvanitajs@ogilvyrenault.com
Joanne Lajeunesse - Montréal
Director, Marketing and Media Relations - Quebec Region
514.847.4723
jlajeunesse@ogilvyrenault.com
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