Charter International - Preliminary approach by Melrose

  • 29 June 2011
 

Slaughter and May is advising Charter International plc on a preliminary approach by Melrose plc with a view to a possible offer which values Charter International at approximately £1.3 billion. Any offer would consist of a mix of cash and shares.

The approach, which was announced by Melrose on 29 June 2011, has been rejected by the Board of Charter International.

Charter is a supplier of welding equipment and industrial compressors and Melrose is an engineering turnaround specialist.

 
 

Contacts

 

Andy Ryde (partner), Robin Ogle (partner)

 
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