Deal typeM&A
IndustryFinancial Services
Our Mergers & Acquisition team has recently acted as Financial Advisor to Colefax Group plc in connection with its Rule 9 waiver, by the Takeover Panel and Colefax shareholders. Over recent years Colefax has sought a Rule 9 Waiver of the obligation of the Company's Chief Executive, to make an offer pursuant to Rule 9 of the Code which would otherwise result from share buybacks made by the Company. Following recent amendments to the Companies Act this particular waiver will now be in place for the next five years.
"We were extremely happy with the professional, efficient and cost effective service we received from BDO in respect of our Rule 9 Waiver".
Rob Barker - Group Finance Director, Colefax Group plc.