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.
February 19, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
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.
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.
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