Colabor completes C$35.6 million acquisition of SKOR Food Group
May 09, 2011
35.60 Million CAD
On May 9, 2011, Colabor Group Inc. (“Colabor”) and The SKOR Food Group Inc. (“SKOR”) announced that, as of May 9, 2011, 2278988 Ontario Inc., a wholly-owned subsidiary of Colabor, has taken up and will pay for and acquire 26,040,906 common shares of SKOR, representing approximately 97.4% of the outstanding SKOR Shares, pursuant to the March 30, 2011 offer, by way of a take-over bid, to acquire all of the issued and outstanding SKOR Shares for C$1.33 per share.
Colabor, based in Boucherville, Québec, is a leading distributor of food and related products. The Company distributes 50,000 products to 25,000 institutions and businesses in Quebec, Ontario, and Atlantic Canada.
McCarthy Tétrault LLP represented Colabor, the acquiror, with a team led by Philippe Leclerc.