Slaughter and May is advising Daily Mail and General Trust plc on Silver Lake’s recommended cash offer for ZPG plc

14 May 2018

Slaughter and May is advising Daily Mail and General Trust plc, the largest shareholder of ZPG plc, on the recommended cash acquisition of the entire issued and to be issued ordinary share capital of ZPG plc by a wholly-owned indirect subsidiary of funds managed by Silver Lake Management Company V, LLC. The transaction was announced on 11 May 2018.

The acquisition is to be effected by means of a court-sanctioned scheme of arrangement. Under the terms of the acquisition, ZPG plc shareholders will be entitled to receive 490 pence per ordinary share. The acquisition values the entire issued ordinary share capital of ZPG plc at approximately £2.2 billion on a fully diluted basis. It is anticipated that, if the acquisition is approved by shareholders, it will become effective in the third quarter of calendar year 2018.

Contacts

Corporate: Jeff Twentyman (partner), James Odom (associate)


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