TransactionsMomentum Closes Going-Private TransactionPublished: 04/30/2009 By Jason Arbuck, Jamie Firsten, Nia Karabatsos, Tom Koutoulakis, Gary Steinhart, Lawrence D. Wilder On April 30, 2009, Momentum Advanced Solutions Inc. closed its previously announced privatization whereby companies controlled by Sheldon Pollack and Phillip De Leon, the Chief Executive Officer and President, respectively, of Momentum, have acquired all of the common shares of Momentum not owned by them, for $0.22 per share. Cassels Brock acted for both Momentum, Onx Enterprise Solutions and the buying group with a team that included Gary Steinhart, Nia Karabatsos and Jamie Firsten (business law), Lawrence Wilder, Tom Koutoulakis and Brad Chapman (securities), Jason Arbuck and Gabriella Szerze (financial services), and Robert Cohen (advocacy). |