OAC Acquires OSF for $128 M

OSF Inc., a leading North American provider of retail store fixtures, announced on March 23, 2000 that O Acquisition Corp. (OAC), an affiliate of New York-based investment firm Centre Partners Management LLC, has completed the acquisition of all outstanding common shares of OSF at $7.25 in cash per share for a total purchase price of approximately $128 million. As a result of the transaction, OAC and OSF have amalgamated under the name of OSF Inc. Senior and subordinated financings for the transaction was arranged and underwritten by CIBC World Markets.

Bill Rosenfeld, David Matlow and Kari MacKay of Goodman Phillips & Vineberg acted for OSF. Warren Grover and Ernest McNee of Blake, Cassels & Graydon LLP advised the Independent Committee of Directors of OSF. Sam Principi of Blakes represented CIBC. Garth Girvan and Ed Kerwin of McCarthy Tétrault acted for OAC.