Takeovers

We advise the bidder's or target company's board of directors in respect of takeover offers for companies listed in Denmark, including both voluntary and compulsory offers, and the delisting of companies where applicable.

Our assistance in this area includes

• advice on relevant securities legislation requirements
• advice on special due diligence requirements for listed companies
• ongoing advice on special disclosure obligations for a takeover operation
• advice on communication strategy, including commenting on rumours and other leaks of information into the public domain
• drafting of offer documents
• processing of offer documents, agreements with bidders and target companies, agreements with major shareholders where applicable
• advice and assistance on the compulsory redemption of minority shares
• consortium agreements between bidders
• financing, including with senior, mezzanine and bond issues
• company delisting

Guidelines for takeovers

We also have extensive experience with drafting guidelines for takeovers, to assist the company and board of directors to protect the interests of shareholders by seeking to ensure a correct valuation.

Plesner has also produced an English-language publication for a number of years, targeted at the corporate finance sector, entitled "Danish Corporate Finance Laws". The 2009 edition is currently available.