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Slaughter and May is advising Brit plc on its recommended takeover offer by FFHL Group Ltd

18 Feb 2015

Slaughter and May is advising Brit plc (Brit) on its recommended takeover offer by FFHL Group Ltd, an entity wholly-owned by Fairfax Financial Holdings Limited, announced on 17 February 2015. 
 
The cash offer values the entire issued share capital of Brit at approximately £1.22 billion and implies a price to net tangible assets multiple of 1.73x based on Brit's net tangible assets of £704.4 million as at 30 June 2014.

CONTACTS

Corporate: Jeff Twentyman (partner), Richard Smith (partner), Filippo de Falco (associate), Lomax Ward (associate) and Jamal Saleh (associate); Competition: Bertrand Louveaux (partner), William Turtle (associate), Tina Zhuo (associate); Employment: Jonathan Fenn (partner), Roland Doughty (partner), Rosemary Nelson (associate); Financial Regulation: Jan Putnis (partner), Nicholas Bonsall (associate)

Brit in-house legal team: led by Tim Hamer

Paul, Weiss, Rifkind, Wharton & Garrison: Mark Bergman (partner), John Satory (counsel)

Matter Type
M&A: Seller's Counsel
Industry
Insurance
News Category
M&A