Slaughter and May is advising Authentic Brands Group on its recommended offer for Ted Baker

Slaughter and May is advising Authentic Brands Group, LLC (ABG) on its recommended final cash offer for Ted Baker plc (Ted Baker). ABG’s offer, which was announced on 16 August 2022, followed a formal sale process launched by the Ted Baker board in April 2022.

ABG’s offer, which values Ted Baker at approximately £211 million, is supported by shareholders representing a majority of Ted Baker’s shares. It is intended that the offer will be implemented by means of a court-sanctioned scheme of arrangement. Subject to the satisfaction or waiver of certain conditions, the offer is expected to complete during the fourth quarter of 2022.

ABG is a brand development and management company, which owns a portfolio of more than 50 global media, entertainment and lifestyle brands including Reebok, David Beckham, Nautica, Eddie Bauer, Spyder and Sports Illustrated. ABG’s brands have a global retail footprint in more than 8,500 stores and shop-in-shops and collectively generate more than $21 billion in annual global retail sales.

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