News
Freshfields advises Michelin on the recommended cash acquisition of Fenner plc
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Compagnie Générale des Établissements Michelin SCA, a global leader in tire manufacturing, on its recommended all-cash offer for London-listed Fenner plc (‘Fenner’).Fenner is a world leader in conveyor belts and reinforced polymer technology based in Hessle, England. The acquisition values Fenner at approximately £1.3 billion and is conditional on the receipt of shareholder, regulatory and court approvals. It is expected to close in the second quarter of 2018.
The Freshfields team is being led by partners Stephen Hewes in London and Olivier Rogivue in Paris.
ENDS
Notes for editors
About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.