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Slaughters, Skadden, Latham Lead On £6.8B Asda Takeover

Oct 02, 2020 - Legal Week
Mergers and Acquisitions

Slaughter and May, Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom have taken lead roles on the £6.8 billion takeover of Walmart-owned U.K. grocery giant Asda.

Private equity firm TDR Capital, alongside U.K. businessmen the Issa brothers - owners of petrol station company EuroGarages Group - placed a successful bid to acquire Asda from U.S. parent company Walmart, according to a statement by Asda.

Under the deal, the Issa brothers and TDR will acquire a majority o...