Legal DealFolio - Merck Recommended Cash Offer for AZ Electronics Materials

International law firm Clifford Chance is advising AZ Electronics Materials S.A. (AZ) on the recommended cash offer by Merck, one of the largest pharmaceutical companies in the world. AZ is a global producer of high quality, high-purity specialty chemical materials for the electronics market. Under the terms of the offer, AZ shareholders will receive 403.5 pence in cash for each AZ share, which values the share capital of AZ on a fully diluted basis at approximately GBP1.565 billion and implies an enterprise value of around GBP1.75 billion. As AZ is incorporated in Luxembourg and listed on the London Stock Exchange, the offer is subject to the shared jurisdiction of the Takeover Panel in London and the Luxembourg regulator. The Clifford Chance team was led by Corporate partner Tim Lewis and senior associate Katherine Moir and included Antitrust partner Alex Nourry, Luxembourg Corporate partner Pierre Gromnicki, Employee Benefits partner Sonia Gilbert and Tax partner David Harkness.

Deal Date:	09-12-2013	Practice Area:	Corporate and M&A
Deal Title:	Merck Recommended Cash Offer for AZ Electronics Materials	Industry:	Chemicals
Description:	International law firm Clifford Chance is advising AZ Electronics Materials S.A. (AZ) on the recommended cash offer by Merck, one of the largest pharmaceutical companies in the world. AZ is a global producer of high quality, high-purity specialty chemical materials for the electronics market. Under the terms of the offer, AZ shareholders will receive 403.5 pence in cash for each AZ share, which values the share capital of AZ on a fully diluted basis at approximately GBP1.565 billion and implies an enterprise value of around GBP1.75 billion. As AZ is incorporated in Luxembourg and listed on the London Stock Exchange, the offer is subject to the shared jurisdiction of the Takeover Panel in London and the Luxembourg regulator. The Clifford Chance team was led by Corporate partner Tim Lewis and senior associate Katherine Moir and included Antitrust partner Alex Nourry, Luxembourg Corporate partner Pierre Gromnicki, Employee Benefits partner Sonia Gilbert and Tax partner David Harkness.
Financial Center:	London	Value:	1000.01-5000.00
Advised Party:	Target Company	Law Firm	Clifford Chance
Target Company Jurisdiction:	Luxembourg	Acquiror Jurisdiction:	Germany
Classification:	Strategic Buyer Acquisitions Public Company - Recommended Offer	Lawyer	Timothy Lewis

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers