US lawyers snub ABA

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Slaughter and May is acting for Unilever on its proposal to purchase the outstanding stock of Bestfoods. The Anglo Dutch company is offering $66 (£43) per share which will value Bestfoods at $18.4bn (£11.6bn). Michael Peascod, corporate partner at Slaughters, headed a four-strong team on the deal.

Deals

Olswang represented the management of Financial Data Systems (FDS) and institutional sellers Gresham Trust on the sale of FDS to Wolters Kluwer. FDS will be managed within Croner.CCH Group, a UK operating division of Wolters Kluwer. Fabrizo Carpanini, private equity partner at Olswang, acted with a five-strong team. Wragge & Co advised Wolters Kluwer.

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