UK: Mayer Brown Rowe & Maw Advises General Electric In £229 Million Recommended Offer For Druck Holdings P.L.C.
Last Updated: 15 May 2002

Mayer, Brown, Rowe & Maw’s Corporate Group has advised GE Measurement & Sensing Technologies Holdings, Inc, (a wholly owned subsidiary of General Electric Company) on two recommended cash offers to be made by JP Morgan on its behalf for the purchase of UK listed Druck Holdings p.l.c.

The offers will be made at 350 pence in cash for each Druck Share and value the whole of Druck's issued share capital at approximately £229 million. The transaction is unusual in that Druck has 2 classes of equity share capital – GE is therefore obliged to make 2 offers pursuant to the Takeover Code.

Druck Holdings p.l.c. is a technology leader in the application of advanced sensor technologies for pressure measurement and control.

GE is a long term client of Mayer, Brown, Rowe & Maw.

The deal was led by GE in-house counsel, James Billingsley.

The Mayer, Brown, Rowe & Maw corporate team consisted of corporate partners Paul Maher, Andrew Stewart and Fiona Holland assisted by Kate Ball-Dodd, Lauri-Lynn Pursall and James Trentham

JP Morgan acted as financial advisers to GE. Druck Holdings were advised by Eversheds and Dresdner Kleinwort Wasserstein.

For further information, please contact:

Paul Maher, Partner, Mayer, Brown, Rowe & Maw 020 7782 8740

Fiona Holland, Partner, Mayer, Brown, Rowe & Maw 020 7782 8653

Angela Woodruff, PR Manager, Mayer, Brown, Rowe & Maw 020 7782 8804

About Mayer, Brown, Rowe & Maw

  • Mayer, Brown, Rowe & Maw is the 10th largest law firm in the world with 13 offices worldwide, including representations in the world's major financial centres; London, Paris, Frankfurt and New York. Our London office consists of over 90 partners, 300 lawyers and a total staff of nearly 600. We deliver multi-jurisdictional advice to the world's leading companies, financial institutions and multinational businesses.
  • Internationally, the Corporate & Securities Group comprises of nearly 100 partners and 250 lawyers. The London Corporate Team is also one of the largest in the City, with 30 partners, over 140 lawyers and specialises in all aspects of corporate and commercial law: mergers & acquisitions; securities and capital markets including restructuring transactions and securities offerings in domestic, cross border and offshore markets.

For further details please visit our website at www.mayerbrownrowe.com

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