21 December 2004 – LAWFUEL – First for law news – Allen & Overy is advising Baugur Group HF on the recommended offer for The Big Food Group plc by a Baugur-led consortium vehicle, Giant BidCo Limited, also advised by Allen & Overy.
Ninety-five pence per share will be offered, valuing Big Food Group shares at £326 million. The offer will be effected by a scheme of arrangement, subject to court and shareholder approval. The scheme is expected to become effective on 11 February 2005.
Corporate partners Alan Paul, Jeremy Hunt and Cindy Cook are leading the Allen & Overy team, assisted by corporate associates George Knighton, Kiran Sharma and Bronwen Jones. Partner Andrew Bamber is advising on finance aspects, assisted by associate Jon Richards. Advice on pension issues is being provided by partner Dana Burstow, assisted by associate Ewan Hedge and partner Paul McCarthy is advising on incentives aspects. Partner Carol Hopper is advising on real estate issues, assisted by associate Robert Kingsmill.
For further information, please contact Jo Shepherd ([email protected]) in London on +44 (0)20 7330 2195 or on +44 (0)7771 896 290.