Thomson Completes US$1.54B IPO

The Thomson Corporation completed a US$1.54 billion initial public offering on June 14, 2002. Thomson sold 14,615,385 common shares and Thomson’s principal shareholder, The Woodbridge Company Limited, sold 17,435,899 common shares in the U.S. and in Canada.
Torys LLP acted for Thomson and Woodbridge, with a team that included Richard Balfour, Michael Siltala, Paul Noble, David Seville, Cornell Wright, Ken McCarter, Peter Aziz, Mel Blair and Jim Welkoff (tax) in Toronto, and Andy Beck, Lee Hirsch, Alexandra Kau and Hilary Paterson (corporate), Peter Keenan (tax) and Jeff Gracer (environmental) in New York.
Joint book-running managers were Merrill Lynch & Co., Inc. and Morgan Stanley. The co-managers were RBC Capital Markets Inc., Bear, Stearns & Co. Inc., Credit Suisse First Boston Corporation, Goldman, Sachs & Co., TD Securities Inc. and UBS Bunting Warburg Inc.
David Judson, Christopher Hoffmann, W. Ian Palm, Bruno Caron and Honorie Pasika (business) and Gabrielle Richards (tax) of McCarthy Tétrault LLP in New York and Toronto acted for the underwriters. Linda Quinn, Lisa Jacobs and Scott Graziano of Shearman & Sterling in New York and Nancy Hoi Bertrand in Toronto acted as U.S. counsel to the underwriters.