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Canadian Imperial Bank of Commerce has decided to stick to what it knows best — banking — and leave computer support to the experts at Hewlett-Packard (Canada) Co. Last November, HP Canada bought CIBC’s 51 percent interest in Intria — HP, a joint venture between the two companies. Formed in 1998, the partnership provides information technology services to several large companies in Canada, including CIBC, General Motors Corp., and Halliburton Co. The deal’s financial details were not disclosed. But as part of the new agreement, HP Canada will provide IT services to CIBC, including maintenance of desktop computers, software, and servers, for seven years. The outsourcing arrangement is valued at $4.6 billion. A wholly owned subsidiary of Palo Alto — based Hewlett-Packard Company, HP Canada employs more than 6,900 people. CIBC, a financial services holding company with more than 8 million personal and business customers, hopes that the deal will allow it to focus exclusively on banking. For acquiror Hewlett-Packard (Canada) Co. (Mississauga, Ontario) In-house: Vice president — law and governmental affairs Georgia Sievwright and corporate counsel Barbara Caplan. Intria — HP: Senior contract counsel Richard Pearse. McCarthy Tétrault (Toronto): Corporate finance/M&A: W. Ian Palm, David Woollcombe, and associate Bernadette Saumur. Tax: Steven Baum, Brian Pel, and Gabrielle Richards. Internet and electronic commerce: Barry Sookman. Competition: Oliver Borgers. Real property and planning: associates Oliver Hobday and Patrick Squire. Labor and employment: Paul Boniferro and Karen Sargeant. Pensions: Gregory Winfield. Intellectual property: Danielle Bush. McInnes Cooper (Halifax): Corporate securities and Nova Scotia law: Fae Shaw. For seller Canadian Imperial Bank of Commerce (Toronto) In-house: Senior counsel Mike Case, senior counsel Mark Crestohl, and counsel Kevin Gormely. Blake, Cassels & Graydon (Toronto): M&A: Gordon Currie, André Perey, and associates Chris Goodridge and Brenda Mothersill. Tax: Leslie Morgan. Regulatory: Paul Belanger. Competition and trade: Robert Kwinter. Real estate: Silvana D’Alimonte and Robert MacDonald. Commodity tax: Allan Gelkopf. Information technology and intellectual property: Alfred Macchione and associates Minami Ganaha, Parna Sabet, and Gregory Segal. (Sabet works in the firm’s Montreal office.) Cox Hanson O’Reilly Matheson (Halifax): Corporate: Jonathan Gale, Daniel Gallivan, Robert MacKeigan, and associate Jennifer Parsons. — B.R.

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