Legal Business

Deal watch: Corporate activity in May 2016

SULLIVANS AND WACHTELL ADVISE ON $62m BAYER DEAL

Sullivan & Cromwell, Allen & Overy (A&O), and Wachtell, Lipton, Rosen & Katz all won roles as healthcare and agriculture company Bayer placed a bid to acquire agricultural company Monsanto for $62bn in May. Sullivans and A&O are acting for Bayer on M&A and financing matters respectively, while Wachtell has taken the lead for US firm Monsanto.


A&O AND LINKLATERS TAKE PLACES ON FRONERI DEAL

Teams from Allen & Overy (A&O) and Linklaters have won places advising on the £1.9bn joint venture between global food giant Nestlé and British frozen food firm R&R Ice Cream. Linklaters advised Nestlé while A&O acted for the owners of R&R Ice Cream, private equity house PAI Partners, in the deal which will see the two ice cream businesses combined to sell in more than 20 markets in Europe, the Middle East, Argentina, Australia, Brazil, the Philippines and South Africa.