Walker Morris advises Straight on sale to One Fifty One subsidiary for £10.7m
Corporate lawyers from Walker Morris have advised Straight on its sale to a subsidiary of Irish outfit One Fifty One for approximately £10.7m.
The deal, effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006, represents a 66 per cent premium on the share price of Straight immediately prior to the offer and will see the Yorkshire-based recycling products company delisted from AIM and integrated in One Fifty One’s plastics division.
The acquisition of Straight will allow One Fifty One to build on the success of MGB Plastics, which is a manufacturer of wheeled bins and caddies in the UK.
The Walker Morris team was led by Paul Emmett and assisted by Ben Lowen, both from the corporate department. Tax advice was provided by Simon Concannon and David Blumenthal. Trudy Feaster-Gee and Shaukat Ali provided specialist advice on the competition aspects of the sale.
Corporate finance advice was provided by Ivonne Cantu and Michael Johnson of Cenkos Securities.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Southend-On-Sea Borough Council v Armour is a tenancy repossession case in which the tenant invoked a successful article 8 defence.
The draft Equality Act 2010 (Equal Pay Audits) Regulations 2014 are due to come into force on 1 October 2014.
Analysis from The Lawyer
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.
New EU rules and lawyers’ increased comfort with digital formats are sparking a sea-change in the way law firms manage their documents