Slaughter and May is advising Dätwyler - acquisition of Premier Farnell

Slaughter and May is advising Dätwyler Holding AG on its recommended cash offer for Premier Farnell plc. The offer was announced on 14 June 2016.

Under the offer, each Premier Farnell shareholder will be entitled to 165 pence in cash for each Premier Farnell share. The offer values Premier Farnell’s issued and to be issued share capital at approximately £615 million (CHF848 million), with an enterprise value of £792 million (CHF1,092 million). It is expected that the transaction will complete in the fourth quarter of 2016.

Dätwyler is a focused industrial supplier with leading positions in global and regional market segments, headquartered in Switzerland. Premier Farnell is a global leader in the distribution of technology products and solutions for electronic system design, production, maintenance and repair. The Transaction creates a leading high service electronic components distributor in Europe.