Freshfields advises Beazley plc on its recommended acquisition by Zurich

Global law firm Freshfields is advising Beazley plc on its recommended all cash acquisition by Zurich Insurance Group Ltd. Under the terms of the transaction, Beazley shareholders will be entitled to receive a total value of 1,335 pence per Beazley share, comprising 1,310 pence in cash per Beazley share and a dividend of 25 pence per Beazley share. Including the permitted dividend, Beazley shareholders will be entitled to receive, in aggregate, approximately £8.2bn (US$11.0 bn) on a fully-diluted basis.

The Freshfields team advising on the transaction is being led by partners Claire Wills, Andrew Hutchings and Meredith Bayley and corporate senior associate Bethan Rodden. The team also included corporate partner Lauren Honeyben, employment and incentives partner Alice Greenwell, antitrust partner Martin McElwee and regulatory partner James Smethurst.