General Electric - Offer for Wellstream Holdings

  • 13 Dec 2010
 

Slaughter and May is advising General Electric Company (GE), a diversified infrastructure, finance and media company, on a recommended cash offer to be made by General Electric Austria Gmbh (a wholly-owned subsidiary of GE), to acquire Wellstream Holdings plc.

The offer, together with a related special dividend, values Wellstream at approximately £800 million. The offer will be financed from the GE group's existing cash resources.

 
 

Contacts

 

Mark Zerdin (partner), Frances Murphy (partner), Sarah Ullathorne (associate), Andrew Stevens (associate); Tax: Gareth Miles (partner), Owen Williams (associate)

 
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