25 October – LAWFUEL – The Law News Network – Allen & Overy is advising pay TV operator, British Sky Broadcasting Group plc, on its recommended cash offer to acquire the entire share capital of pan-European broadband network company, Easynet Group plc.
Under the terms of the offer 175p will be offered for every Easynet share, valuing Easynet at approximately £211 million.
London-based corporate partners Gary McLean and Richard Hough are leading the Allen & Overy team, assisted by associate Duncan Bellamy, working alongside BSkyB general counsel James Conyers and Anil Jhingan.
Commenting, Gary McLean said: “This is the first significant M&A transaction we have undertaken for BSkyB. We are delighted to be able to help BSkyB on a deal which the industry sees of great strategic interest.”