Chime Communications plc - proposed acquisition of Just Marketing, Inc. and related placing
Slaughter and May is advising Chime Communications plc (Chime), the international communications and sports marketing group, on the proposed acquisition of Just Marketing, Inc. (JMI), a global marketing firm focused on motorsports, for a maximum consideration of US$70.6 million and related placing to raise gross proceeds of £25.6 million.
The acquisition, which was announced on 25 October 2013, will be funded by the proceeds of the placing, the issue of consideration shares in Chime, and an existing debt facility.