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Slaughter and May

Corporate 2008 (2)

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Award LevelHighly commended
InnovationAkzo Nobel purchase of ICI following pre-sell of part of the business to Henkel.
Originality6
Rationale5
Impact6
Total17
DescriptionThe firm's technical expertise enabled it to plan and structure a highly unusual pre-sell of part of the ICI's business, thereby anabling the vital shareholder approval. The resulting extra money in the bid ensured the recommendation of the ICI board and the deliverability of the transaction.

Corporate 2008

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Award LevelStandout
InnovationThomson Reuters: the first UK-Canadian dual listed company.
Originality7
Rationale7
Impact7
Total21
DescriptionThe firm advised on the creation of a dual listed company with both parent companies listed in North America and the UK. The firm was instrumental in devising a structure that, crucially, persuaded the Reuters' Founders Share Company (FSC) that the merger would be in the spirit of the founders.