A&O and Linklaters go to Iceland on $2.4bn supermarket takeover bid
Allen & Overy (A&O) and Linklaters are advising on a $2.4bn (£1.5bn) bid by an Iceland Foods management team to acquire the company from two failed Icelandic banks, reports The Am Law Daily. Malcolm Walker, Iceland's chief executive and founder, is leading the team on its negotiations with the liquidators of Landsbanki Islands and Glitnir banks to buy the 77% of the supermarket chain that his management group does not already own.
Allen & Overy (A&O) and Linklaters are advising on a $2.4bn (£1.5bn) bid by Iceland Foods’ management to acquire the company from two failed Icelandic banks, reports The Am Law Daily.
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