Transaction|March 28, 2013
Leon's and The Brick announce completion of plan of arrangement
Torys acted as counsel to Fairfax Financial with a team that included David Chaikof, Thomas Yeo, Tom Zverina and Emily Atkinson.
On March 28, 2013, Leon's Furniture Limited (Leon's) and The Brick Ltd. (The Brick) announced the completion of the previously announced plan of arrangement pursuant to which Leon's acquired all of the outstanding common shares of The Brick for $5.40 per share and all of the outstanding common share purchase warrants of The Brick were purchased for cancellation for $4.40 per warrant.
With the completion of the plan of arrangement, the common shares and common share purchase warrants of The Brick ceased trading on the Toronto Stock Exchange on April 1, 2013.
Leon's was founded in 1909 and is one of Canada's best-known home furnishings retailers. Leon's has 76 stores in Newfoundland and Labrador, Quebec, Ontario, Manitoba, Saskatchewan, Alberta, Nova Scotia, New Brunswick, and Prince Edward Island.
The Brick, which opened its first store in Edmonton, Alberta in 1971, is one of Canada's leading retailers of household furniture, mattresses, appliances and home electronics. The Brick has 230 stores operating under The Brick, United Furniture Warehouse, The Brick Mattress Store and Urban Brick banners.
Fairfax Financial Holdings Limited is a financial services holding company that is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
Further information can be found at Canada Newswire's website.
With the completion of the plan of arrangement, the common shares and common share purchase warrants of The Brick ceased trading on the Toronto Stock Exchange on April 1, 2013.
Leon's was founded in 1909 and is one of Canada's best-known home furnishings retailers. Leon's has 76 stores in Newfoundland and Labrador, Quebec, Ontario, Manitoba, Saskatchewan, Alberta, Nova Scotia, New Brunswick, and Prince Edward Island.
The Brick, which opened its first store in Edmonton, Alberta in 1971, is one of Canada's leading retailers of household furniture, mattresses, appliances and home electronics. The Brick has 230 stores operating under The Brick, United Furniture Warehouse, The Brick Mattress Store and Urban Brick banners.
Fairfax Financial Holdings Limited is a financial services holding company that is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
Further information can be found at Canada Newswire's website.