THE DEAL:
West Bromwich Albion Holdings Limited (WBAH) is the company that made the offer for AIM traded West Bromwich Albion PLC in February 2005 following that offer there remained over 1,600 shareholders and WBAH. Jeremy Peace, the chairman, owned 48% and Cattaneo LLP was engaged to advise Jeremy Peace.
Following a purchase of shares in WBAH in September 2007 Jeremy Peace was obliged to make a mandatory offer for the outstanding shares in WBAH and because of WBAH’s shareholding in West Bromwich Albion Limited (WBA) an offer also had to be made for the outstanding shares in WBA.
Cattaneo LLP project managed the offer process, liaised with the Takeover Panel, provided tactical and strategic advice to Jeremy Peace as well as making the offers on his behalf. Cattaneo LLP also provided the cash confirmations required by Rule 24.7 of the Takeover Code.
Despite WBAH and WBA both being private companies they were covered by the takeover Code which made what was already a high profile assignment into one which came under considerable public scrutiny. This meant careful monitoring of and communication with the press and the requirement to make appropriate announcements to the London Stock Exchange as if the companies were traded on a stock market.
WHAT OUR CLIENT SAID:
‘Charles’ help and advice, particularly as a sounding board through the whole process was invaluable. His takeover code experience was evident throughout the planning and implementation of the offers in a very high profile environment.’
Jeremy Peace, Chairman
