CMS takes Dundas after “fastest vote in history”

If the legal market had its own Guinness Book of Records, tiny donkeys and dogs on ropes tight would be replaced with speedy takeover votes and the greatest-ever number of merger chats.

Sadly it only exists in our anorak heads, but it looks like partners at CMS Cameron McKenna and Dundas & Wilson are fishing for first prize in the voting category nonetheless, after both sides gave a quick yes to a £277m tie-up yesterday.

The lead-up to this deal was a touch more protracted, with high levels of merger speculation followed by more rumours of a deal once Dundas’ new management took over in June 2012. And then, suddenly, this.

“It was the fastest vote in history,” said one insider, adding that CMS’s required threshold of 80 per cent was reached within four hours yesterday.

Dundas’ partnership also gave a quick nod, starting the vote in the morning and giving a 75 per cent majority by midday. Sources close to the firms said due diligence began in July, but Dundas partners were only made aware of the deal late last week. Speedy. And just the teensiest bit cut-throat.

Maybe there’ll be a tight-roping dog next year. We live in hope.

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