Slaughter and May is advising Daily Mail and General Trust plc (“DMGT”) on a transaction for the sale of its Insurance Risk business (“RMS”) to Moody’s Corporation (“Moody’s”) for approximately £1,425m in cash at completion (the “Sale”).
The Sale is expected to complete in September 2021, subject to satisfaction of customary closing conditions, including regulatory clearance under the Hart-Scott-Rodino Act in the US. Completion of the Sale will satisfy one of the pre-conditions of the possible offer by Rothermere Continuation Limited for DMGT announced on 12 July 2021, in relation to which Slaughter and May is also advising DMGT.
Slaughter and May worked on the transaction as an integrated team with Cravath, Swaine & Moore LLP. Slaughter and May also worked closely with Khaitan& Co
Shanuk Mediwaka / Trainee, Elizabeth Cooper / Trainee