Ashursts wins £1.05 billion acquisition

November 01 2000

Ashurst Morris Crisp has advised AMVESCAP Plc on its cash offer for Perpetual Plc. The deal is valued at £1.05 billion ($1.5 billion), with two shares and £10 cash given for each Perpetual share.

AMVESCAP is a global independent investment manager operating in 40 locations worldwide. It manages assets of clients from more than 100 countries.

Perpetual delivers a desktop management system over the internet to enable IT departments to provide companies with leading-edge technologies and applications. Tax partner Ian Johnson of the London office of Ashursts advised AMVESCAP Plc. Paul Hale of the London office of Simmons & Simmons provided tax advice to Perpetual.

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