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Ogilvy Renault Acting for Alcan in US$38.1B Deal with Rio Tinto
July 13, 2007
Montréal - When it comes to Canada's biggest deals, Ogilvy Renault LLP is there. Our firm is representing Alcan on the US$38.1 billion offer of acquisition by Rio Tinto. With a record share price of US$101 per common share, this deal is the biggest all-cash takeover in Canadian history. The combined aluminum product group, to be named Rio Tinto Alcan, will be a new global leader in the aluminum industry, with headquarters in Montréal. Commenting on the transaction, our own Yves Fortier, Chairman of Alcan's Board said: Alcan's in-house legal team was led by David McAusland, Executive Vice President - Corporate Development and Chief Legal Officer, assisted by Pierre Chenard, Deputy Chief Legal Officer, Vice President and General Counsel, Roy Millington, Corporate Secretary, Warren Goodman, General Counsel, Special Projects, Alex Chmel, Legal Counsel and Julie Parent, Legal Counsel. The Ogilvy Renault team for Alcan is composed of: Norman Steinberg, Francis Legault, Ava Yaskiel, Andrew Bleau and David Millette (M&A, Corporate and Securities); Jules Charette, Adrienne Oliver and Paul Carenza (Tax); Dany Assaf and Sarah McLean (Competition and Investment Canada). Ogilvy Renault has also been involved in another record-breaking M&A deal in Canadian history, representing Cerberus in its recent bid for BCE, and the firm acted on the largest transaction ever in Canadian history, representing Nortel in its US$60 billion spin-off by BCE in 2000. Playing significant roles in three record-breaking deals in Canada, Ogilvy Renault maintains a dominant position among the country's leading law firms. For more information on the Alcan and Rio Tinto transaction please view Alcan's press release at alcan.com. Ogilvy Renault LLP is a full-service 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 (England), and serves some of the largest and most successful corporations in Canada and in more than 120 countries worldwide. The firm was recently awarded the Client Choice Award among all Canadian law firms by International Law Office."The agreed transaction with Rio Tinto achieves all of our stated goals, providing clearly superior value to Alcan shareholders while remaining true to our core values and obligations as responsible corporate citizens. In addition to a very attractive all cash premium, this transaction offers Alcan shareholders the certainty of a clear path to completion given our relatively limited operational overlap and a commitment by both parties to an expeditious close."
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Lisa Azzuolo
Director, Marketing & Media Relations
416.216.3909
lazzuolo@ogilvyrenault.com
Joanne Lajeunesse - Montréal
Director, Marketing and Media Relations - Quebec Region
514.847.4723
jlajeunesse@ogilvyrenault.com
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