SYNNEX Acquires EMJ Data Systems

On September 15, 2004, SYNNEX Corp., headquartered in Fremont, California, announced the completion of its takeover bid for all of the outstanding common shares of EMJ Data Systems Ltd., headquartered in Guelph, Ontario. SYNNEX is a global IT supply chain services company. EMJ is a distributor of computer products and peripherals specializing in niche market products.

SYNNEX offered to pay $6.60 per EMJ common share or approximately $75,487,000. Following the completion of the offering period, 87.7 per cent of EMJ’s outstanding shares, on a fully diluted basis, were tendered. SYNNEX is pursuing a follow-on transaction.

SYNNEX was represented in the US by its general counsel, Simon Leung, and by Bradley Kohn, Jorge del Calvo and Noelle Matteson of Pillsbury Winthrop LLP; and in Canada by Blake, Cassels & Graydon LLP, with a team that included Alan Brown, Chris Javornik and Walied Soliman (corporate and securities), Ron Richler (tax), Rob Kwinter and Prudence Watson (competition), Andrea York (employment) and Chris Hale (IP).

EMJ was represented in Canada by Gowling Lafleur Henderson LLP, with a team that included David Petras, John Durdan and Sean Gomes (corporate and securities), Constance Sugiyama (corporate governance) and William Vanveen (competition); and in the US by Hodgson Russ LLP, with a team that included Joe Galda. The Special Committee of the board of directors of EMJ was represented by Ogilvy Renault with a team that included Rick Sutin and Ava Yaskiel.