BAE Systems - Placing to finance acquisition of Armor Holdings

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Slaughter and May advised BAE Systems PLC on a placing of new ordinary shares to raise approximately £750 million (before expenses) to part finance the acquisition of Armor Holdings Inc. for EUR 4,532 million (£2,275 million). Slaughter and May also advised on certain English law aspects of the acquisition.

Armor Holdings is a major manufacturer of tactical wheeled vehicles and a leading provider of vehicle and individual armour systems and survivability technologies for the military and adjacent law enforcement and commercial security market.

Cravath Swain & Moore advised BAE Systems in relation to the acquisition and on certain aspects of the placing.

Frances Murphy (partner), Padraig Cronin (partner), Robert Dixon (associate), Lisa Arkwright (associate); Tax: Gareth Miles (partner), Timothy Woodthorpe (associate)