Slaughter and May is advising Brit plc (Brit) on its recommended takeover offer by FFHL Group Ltd, an entity wholly-owned by Fairfax Financial Holdings Limited, announced on 17 February 2015.
The cash offer values the entire issued share capital of Brit at approximately £1.22 billion and implies a price to net tangible assets multiple of 1.73x based on Brit's net tangible assets of £704.4 million as at 30 June 2014.
Brit in-house legal team: led by Tim Hamer
Paul, Weiss, Rifkind, Wharton & Garrison: Mark Bergman (partner), John Satory (counsel)
Richard Smith
Partner
Filippo de Falco
Partner
William Turtle
Partner
Tina Zhuo
Partner
Rosemary Nelson
Associate
Jan Putnis
Partner
Nick Bonsall
Partner