Takeover bids

Perhaps the most significant event that can happen to a listed company is the presentation of a takeover bid. We have been involved - as adviser to the buyer, the target company, shareholders or the banks - in the vast majority of all takeovers in Denmark for the past 10 years. The depth of the legal resources we bring to the table, therefore, is unrivalled.

We provide our advice on the basis of a deep-rooted understanding of the commercial and human processes that are at work in any takeover. The procedures are extremely complicated, often with considerable values at stake.

It is of vital importance, therefore, to team up with legal advisers who not only possess the necessary legal expertise, but who also have experience and enjoy the confidence of the other parties involved in the transaction.

We will assemble a base group

We are recognised, in Denmark as well as internationally, for our ability to handle and manage these processes smoothly and often within extremely tight deadlines. We will immediately set up a base group of specialist lawyers that will follow the client all the way through to the end of the transaction, bringing in other legal specialists if and when required.

Leave no stone unturned

We find it essential that our clients come to see our advice as an integral part of the total package of as-sistance that is necessary to secure the optimal result of a takeover process. To that end, we work determinedly and in close liaison with financial advisers, accountants, communications advisers, etc. to achieve the best possible results.

We do not complicate things, but will make it clear that we believe one of our foremost responsibilities is to be absolutely certain that no stone is left unturned and that we have what it takes to fulfil that commitment.

Our expertise

Our advice may include, among other things:

• negotiations in connection with the transfer of controlling interest or the presentation of a taker over offer;
• drafting of offer documents and agreements with shareholders or target company;
• due diligence investigations;
• preparation of takeover manuals;
• delisting of companies at a stock exchange or other market;
• advice for the board and management of target companies in relation to company law and stock exchange law, e.g. in connection with preparation of the board’s recommendation on the offer to the shareholdes, and
• financing of the transaction. For the financing, we will work closely with our banking and finance section.