Issue 28 – Morneau Shepell Acquires Lifeworks

Morneau Shepell Inc (TSX:MSI) entered into a definitive agreement to acquire LifeWorks (Life), for a purchase price of $426 million.  Life is a leading global Employee Assistance Program (“EAP”) and wellness provider, and has offices in the U.S., the U.K., Australia and Canada, with more than 500 employees worldwide and 4,200 existing customers across 57 industries. MSI is financing the $426 million by raising $210 million in equity and upsizing its bank facility.

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