11 July – LAWFUEL – The Law News Network – Allen & Overy is advising Fortis on its agreement with US-based Prudential Financial, Inc. to acquire Dryden Wealth Management for $104 million.
A further payment of $40 million could be paid subject to future performance. Head of Allen & Overy’s Financial Institutions Group, Alistair Asher, is leading the Allen & Overy team, assisted by associates Andrew Rich, Stuart Hanbury, Andrew Howard, Giannis Waymouth, Deepa Nathan, Kate Logan and Jonathan Kirsop. Commenting, Alistair Asher said: “Fortis is one of our most valued clients and we are delighted to have advised them on another strategic transaction.”
