Norton Rose advise Müller in £279.5million Robert Wiseman acquisition
16 January 2012
International legal practice Norton Rose LLP has today announced that it is advising Müller Dairy (UK) Limited on its £279.5 million public takeover for LSE listed Robert Wiseman Dairies PLC.
The recommended cash offer was announced on 16 January 2011. The offer values Wiseman's share capital at approximately £279.5 million. The cash offer of 390 pence for each Wiseman share represents a premium of approximately 60 per cent.
Müller Dairy (UK) Limited is a wholly owned subsidiary of Unternehmensgruppe Theo Müller S.e.c.s., a Luxembourg incorporated company owned by Theo Müller. It is a leading European dairy company with an annual turnover of approximately €2.2bn. The group has had an established presence in the UK since 1987, and is the UK’s overall market leader in chilled yoghurts and potted desserts.
East Kilbride based Robert Wiseman Dairies PLC was started by the Wiseman family in 1944, and now supplies 30 per cent of the fresh milk consumed in Britain every day.
The Norton Rose LLP team is being led by corporate partners Julian Stanier and Paul Whitelock, with assistance from Christopher McCarthy (associate). Mark Jones (partner) and Caroline Thomas (senior associate) are providing anti-trust advice, Tomas Gärdfors (partner) and Carl Werner (senior associate) are advising on financing, and Monique Fry (partner) and Liron Cohen (associate) are advising on employee incentives.
N M Rothschild is acting as financial adviser to the Müller group.
For further information please contact:
Gavin Collins, PR manager, Norton Rose LLP
Tel: +44 (0)20 7444 2466; Mob: +44 (0)7770 650 113
Notes for editors:
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