Shareholders of Sand Technology approve arrangement plan with N. Harris Computer

We advised Sand Technology Inc. in the context of the sale of all its outstanding securities to N. Harris Computer Corporation. Sand was acquired and privatized by the purchaser. The current shareholders of Sand will receive a consideration entirely in cash for their outstanding common shares. In the course of the special shareholders meeting held November 13, 2013, a special resolution respecting the arrangement plan was approved by 99.93% of the votes cast by the holders of Sand’s common shares, and by 99.91% of the votes cast (with the exception of the interested parties) by the shareholders who were present or represented by proxy at the special meeting. Fasken Martineau advised Sand Technology with a team led by Peter Villani which included Caitlin Rose, Stéphanie Lapierre and Anabel Quessy (corpo/securities), Jean-Philippe Mikus (intellectual property) and Tom Copeland (tax).