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Federated Capital Corp. and Fax Investments Inc. Acquire FAX Capital Corp. for $80.5 Million

Jack Bernstein, Francesco Gucciardo, Richard M. Kimel and Marek Lorenc

Federated Capital Corp. and Fax Investments Inc., entities controlled by the Driscoll family, indirectly acquired all of the remaining outstanding subordinated voting shares of FAX Capital Corp. (TSX: FXC) for an aggregate purchase price of $80.5 million. This going-private transaction was completed pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act. FAX Capital is an investment holding company.

Aird & Berlis represented Federated Capital and Fax Investments Inc. with a team that included Jack Bernstein, Richard Kimel, Marek Lorenc and Francesco Gucciardo.

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