Ashurst and Freshfields Bruckhaus Deringer are advising Guardian Media Group and private equity house Apax Partners on their �1 billion ($1.98 billion) takeover of the business-to-business arm of publishing giant Emap.
The terms of the recommended cash offer, announced on Dec. 21, together with a �1 billion special dividend payable to shareholders following the sale of Emap’s consumer and radio divisions, effectively value the company at �2 billion ($3.96 billion).
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