Lumenpulse in going-private transaction by way of a plan of arrangement

Lumenpulse closed its going-private transaction pursuant to which a group led by Mr. François-Xavier Souvay, the Founder, President and CEO of Lumenpulse, several other existing shareholders of the Company and Power Energy Corporation, a wholly-owned subsidiary of Power Corporation of Canada acquired all of the issued and outstanding common shares of Lumenpulse by way of a plan of arrangement for $21.25 per share in cash. The transaction values Lumenpulse at $600 million. Fasken represented Lumenpulse with respect to the arrangement.