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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.
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