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Symbility Solutions is acquired by CoreLogic for approximately C$159.5 million

Fasken
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Overview

Client

Symbility Solutions Inc.

Symbility Solutions Inc. ("Symbility") (TSXV: SY), a global software company focused on modernizing the insurance industry, announced on December 18, 2018 that CoreLogic, Inc. ("CoreLogic") (NYSE: CLGX), through its indirect wholly owned subsidiary, 2154638 Alberta Ltd., completed the acquisition of all of the issued and outstanding common shares of Symbility not already owned by it or its affiliates for a purchase price of $0.615 per common share. The acquisition took place by way of a plan of arrangement under Section 193 of the Business Corporations Act (Alberta) (the "Arrangement"), which was approved by the Court of Queen's Bench of Alberta on December 17, 2018. As a result of the Arrangement, Symbility is now an indirect wholly-owned subsidiary of CoreLogic. Fasken advised Symbility with a team comprised of Sean Stevens, Bradley Freelan, Nicole Park, Elyse Velagic, Mitchell Thaw, Patrick Gannon and Caitlin Sabetti (student)

Team

  • Sean S. Stevens, Partner | Co-Leader, Capital Markets and Mergers & Acquisitions (CM and M&A), Toronto, ON, +1 416 868 3352, sstevens@fasken.com
  • Bradley A. Freelan, Partner, Toronto, ON, +1 416 865 4423, bfreelan@fasken.com
  • Nicole Park, Partner, Toronto, ON, +1 416 943 8902, npark@fasken.com
  • Elyse Ardiel, Partner, Toronto, ON, +1 416 865 5159, eardiel@fasken.com
  • Patrick T.J. Gannon, Partner, Toronto, ON, +1 416 865 5139, pgannon@fasken.com
  • Caitlin Sabetti, Associate, Toronto, ON, +1 416 868 7803, csabetti@fasken.com