Berwin Leighton Paisner (BLP) and Herbert Smith have clinched the lead roles on the planned merger between Durlacher and Panmure Gordon, the broking arm of investment bank Lazard.
The firms have been instructed on the high profile deal – a reverse takeover which would see Durlacher, a smaller public company, effectively acquire Panmure, providing the larger broker with instant access to a stock market listing. The new company, likely to be called Panmure Durlacher, would be worth about £75m.
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