On July 19, 2002, 3M Company in St. Paul Minnesota and TSX-listed AiT Advanced Information Technologies Corporation in Ottawa concluded the merger of their security-related businesses. The transaction was effected by way of an amalgamation of a wholly owned subsidiary of 3M Canada Company and AiT, with AiT shareholders receiving aggregate consideration of $42 million. The merger combines the global presence and brand recognition of 3M’s diversified technology businesses with AiT, a recognized world leader in the traveler ID business specializing in issuance systems for secure ID and travel documents.
The 3M legal team was led by in-house counsel Marlene McGrath and Kimberly Price, with assistance from Goodmans LLP with a team consisting of Jonathan Lampe, neil Sheehy, David Sherman, Neil Harris and Carrie Smit. AiT was represented by Debbie Weinstein, Michael Dunleavy and Shane McLean of LaBarge Weinstein in Ottawa.
The 3M legal team was led by in-house counsel Marlene McGrath and Kimberly Price, with assistance from Goodmans LLP with a team consisting of Jonathan Lampe, neil Sheehy, David Sherman, Neil Harris and Carrie Smit. AiT was represented by Debbie Weinstein, Michael Dunleavy and Shane McLean of LaBarge Weinstein in Ottawa.
