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  • International law firm Clifford Chance has advised Wates City of London Properties plc on the £250 million ($355 million) disposal of four properties to Prudential.
  • British Gas (BG) shareholders have approved the demerger of its regulated Transco activities, together with BG's telecommunications ventures, under a new holding company, Lattice Group. The value of the transaction is estimated at £15 billion ($21.7 billion).
  • International law firm Allen & Overy is advising Nikko Principal Investment Limited (Nikko), the European private equity arm of Japanese broking house Nikko Securities, on its £507 million ($721million) bid for Powell Duffryn, the UK ports and engineering group.
  • Jones Day Reavis & Pogue is representing Flowers Industries in connection with the sale of its Keebler Food subsidiary to the Kellogg Company.
  • Davis Polk & Wardwell has advised Morgan Stanley Dean Witter and China International Capital Corporation on the $3.4 billion initial public offering of China Petroleum & Chemical Corporation (Sinopec Corp).
  • Ashurst Morris Crisp has advised United News & Media on the sale of UK newspaper group Express Newspapers to Northern & Shell for £125 million ($176.8 million).
  • General Electric has merged with industrial components and controls business Honeywell, in a deal worth $45 billion.
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  • David Glynn has joined A & L Goodbody in Dublin as a partner. Glynn previously spent 18 years at McCann Fitzgerald, including eight as head of tax. While the decision to leave was not an easy one, he is confident that it was the right move.
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