Hengeler Mueller advises Melrose PLC in connection with the proposed takeover of Elster Group SE

03. July 2012

On 29 June 2012, Melrose PLC announced that is has reached agreement with Elster Group SE on the terms of a recommended proposal whereby Mintford AG, a wholly-owned subsidiary of Melrose, will acquire for cash the entire issued ordinary share capital of Elster Group SE. The acquisition will be implemented principally by a US tender offer to all holders of Elster American Depositary Shares listed on the New York Stock Exchange and Elster shares at a price of USD 20,5 per Elster ADS and USD 82 per Elster share (approximately, USD 2.3 bn in aggregate).

Hengeler Mueller, working in an integrated team with Simpson Thacher & Bartlett, advises Melrose PLC on this transaction.

The Hengeler Mueller team is led by partner Bernd Wirbel (Corporate/M&A, Düsseldorf) and includes partners Georg Seyfarth (Corporate, Düsseldorf), Heinrich Knepper (Financing, Frankfurt) and Christian Hoefs (Labour, Frankfurt) as well as associates Mikolaj Pogorzelski, Irene Kämper, Philip Dornbach (all Düsseldorf) and Eckbert Müller (Frankfurt).

The Simpson Thacher & Bartlett team is led by partner Adam Signy (London).