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Emerson Electric - Cash offer for Chloride Group
Slaughter and May, working as an integrated team with Davis Polk Wardwell LLP, is advising Emerson Electric Co. on the cash offer by its wholly owned subsidiary Rutherfurd Acquisitions Limited for Chloride Group Public Limited Company. The offer values Chloride at approximately £997 million.
The offer was announced on 29 June 2010.
Emerson is a global technology and engineering company listed on the New York Stock Exchange. Chloride is focused on the provision of secure power solutions.
Contacts
Stephen Cooke (partner), Gary Eaborn (partner), David Watkins (partner), Harry Coghill (associate), Paul Dickson (associate); Competition: Philippe Chappatte (partner), Louis Eggar (associate), Kelly-Ann Semper (associate); Tax: Graham Airs (partner), John Meehan (associate)
Davis Polk & Wardwell: Phillip Mills (partner), Ronan Harty (partner)
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