In 2021, we assisted TIG Advisors LLC with its communication and investment strategies in response to the contentious decisions adopted by Suez following the launch of Veolia's hostile takeover bid for Suez.
V E R M E I L L E & C O
Loading...
Advisory to TIG Advisors LLC regarding its communication and investment strategies in connection with Veolia's hostile takeover bid for Suez
Advice to TIG Advisors LLC (2021) on its communication and investment strategies in connection with Veolia's hostile takeover bid for Suez, including anti-takeover defences and AMF interventions.
Background
Experience
We advised TIG on various issues relating to the transaction (procedural law, corporate law, financial law, and competition law), analyzed the impact of these issues on the transaction's prospects for success, and considered the different strategies that investors and the boards of directors of both companies could implement to promote the success or failure of the operation. This advisory work for TIG was complemented by numerous exchanges with investment fund managers involved in this transaction to discuss these legal aspects.
This case involved a number of complex issues related to public offer regulations, particularly anti-takeover defenses. It resulted in several interventions by the Financial Markets Authority clarifying a number of regulatory aspects applicable to public offers and emphasizing the need to respect their guiding principles, thereby contributing to the Authority's doctrine and the market's understanding of how it approaches public offers.
- Previous
- Next