22 May 2007 – LAWFUEL – The Law News Wire – EMI Group plc has announced the terms of a recommended cash offer for EMI by Maltby Limited, a company formed at the direction of Terra Firma. International law firm Freshfields Bruckhaus Deringer is advising long-standing client EMI on this transaction. The cash offer of 265 pence per share values EMI on an enterprise value basis at approximately £3.2bn and values the entire issued and to be issued share capital of EMI at approximately £2.4bn.
The Freshfields team is led by corporate partner Mark Rawlinson and includes Martin Nelson-Jones and Graham Watson. Rachel Brandenburger and Thomas Janssens are advising on the competition and regulatory issues.
Mark Rawlinson said, “I have nearly done more transactions with EMI than any other client. I have known some of the team there for a long time, so I hope they are successful on this one.”