25 August – LAWFUEL – The Law News Network – International law firm Dechert LLP advised listed client Broadcastle Plc on its recent acquisition by Siemens AG by way of a recommended City Code takeover. Siemen’s all cash offer valued Broadcastle at approximately £41m.
Broadcastle operates in the specialised banking and finance services sector. Its principal business is the leasing of medical equipment, motor vehicles and industrial and office machinery. It also offers retail savings accounts through its authorised bank subsidiary.
The Dechert team was led by corporate partner Geoffrey Walters, assisted by associate Sean Geraghty.
Norton Rose advised Siemens. The team was led by partner Nick Adams, assisted by associate Richard Crosby.