Takeovers

Being the target of a takeover is the most intrusive scenario a listed company can face. A takeover involves a highly complicated process, often with considerable values at stake. In such a situation, it is crucial to team up with legal advisers who have not only the necessary legal expertise, but also experience and commercial understanding, and who stand out as reliable and trustworthy—i.a. to the other parties, to the authorities, and to the shareholders.

We have been on the bidder or target side of most of the Danish takeovers over the past twenty years. With a unique set of competencies, the depth of the legal resources we bring to the table is unrivalled. Our advice is based on a fundamental understanding of the commercial and human processes involved in any takeover.

At the start of each transaction, we establish a core group which follows our client from start to finish, and bring in other legal specialists if and when required. At the same time, we work in close cooperation with i.a. financial advisers, authorities, and communications consultants to achieve the best possible results for you.

Our advice 

We advise on all aspects of a takeover, including:

• negotiations in connection with the transfer of controlling interests or the submission of takeover bids
• drafting of offer documents and agreements with shareholders and target companies
• communications to shareholders and the public
• due diligence investigations, observing the special requirements for investigating listed companies 
• drafting of takeover manuals 
• delisting of companies 
• interactions with authorities, including the Danish Financial Supervisory Authority and Nasdaq Copenhagen
• capital markets and corporate law possibilities and obligations 
• financing of the transaction.