Login
Powered by
MOMENTUM
MEDIA
Powered by MOMENTUM MEDIA
Allens Arthur Robinson's Sydney, Singapore and Hong Kong offices have advised UK defence group BAE Systems on its offer to acquire Norkom Group PLC, a Dublin-based provider of innovative counter…
Allens Arthur Robinson's Sydney, Singapore and Hong Kong offices have advised UK defence group BAE Systems on its offer to acquire Norkom Group PLC, a Dublin-based provider of innovative counter fraud and anti-money laundering solutions.
The offer, which has been recommended by the Norkom board, is to acquire the entire issued share capital of Norkom for €2.1 ($2.9) per share in cash, which values the business at approximately €217 million ($298 million).
Expected to complete later this year, the new deal is subject to standard terms and conditions, including approval from Norkom's shareholders.
Hong Kong-based Partner David Wenger said the proposed acquisition of Norkom is consistent with his client's growth strategy.
We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.
Get breaking news
Lawyers Weekly
