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Latham Advises on Ascential’s £850 Million Return of Value
May 10, 2024
London team represents the banks on the £300 million tender offer as part of a return of value to shareholders.
Latham & Watkins has advised the banks on the £300 million tender offer forming part of Ascential’s proposed return of £850 million to shareholders. As announced by Ascential on April 4, 2024, the return of value consists of: a tender offer to acquire up to £300 million of Ascential shares; a special dividend of at least £450 million; and on-market share buyback programs to acquire £100 million of Ascential shares. The tender offer was approved by the shareholders on April 22, 2024, and completed on May 10, 2024.
The Latham team was led by London corporate partners Christopher Horton and David Stewart, with associates Koushik Prasad and Daria Latysheva.