A host of firms, including Slaughter and May, Travers Smith, Linklaters and Simpson Thacher & Bartlett, are lining up in a bidding war for French electrical retailer Darty.
London-listed Darty is the target of rival bids from South African furniture conglomerate Steinhoff and French retail giant Fnac. In November Fnac launched a bid to buy Darty for £585 million, which the company’s management recommended shareholders accept. But in March Steinhoff made a competing offer of £662 million, and Darty withdrew its recommendation of Fnac’s bid to shareholders.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
