Slaughter and May is advising Colt Group S.A. (Colt) on a takeover offer by an entity owned by FMR LLC and FIL Limited (Fidelity). Fidelity owns 62.4% of Colt's issued share capital, and is seeking to acquire the shares in Colt not currently owned by it.

Under the terms of the offer, Colt shareholders will be entitled to receive 190 pence in cash for each Colt share held. The cash offer values the entire issued share capital of Colt at approximately £1,720.3 million.

CONTACTS

Corporate and Commercial: William Underhill (partner), Susannah Macknay (partner), Henry Bennett (associate).