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Ashurst Morris Crisp has acted for the shareholders of Taylor Barnard Holdings Limited on the sale of the issued share capital of the company to TNT Post Group. The deal was valued at Euro147 million ($123.3 million).

Slaughter and May is advising Regus in connection with its planned £1 billion ($1.45 billion) listing on NASDAQ and the London Stock Exchange. Headquartered in Middlesex, UK, Regus is a worldwide operator of business centres, with 200 locations in 40 countries.

Broadbase Software, a California-based provider of analytic and marketing automation applications, has agreed to purchase software manufacturer Servicesoft for £645 million ($934 million) in stock.

A group of 39 US states has drafted a series of proposals in the Streamlined Sales Tax Project ? the first serious attempt for decades to simplify the US sales tax system.

Eversheds has represented HSBC Private Equity on its purchase of the plumbing division of Caradon plc for £440 million ($636 million). Black Knight, the new company controlled by HSBC Private Equity, now owns one of the leading plumbing businesses in the UK. Last year the business had a turnover of £338 million and a profit of £41.5 million The business includes overseas operations in Austria, Belgium, the Czech Republic, France, Germany, Holland, Poland and Turkey.

Weil, Gotshal & Manges has represented Hanson Plc in the $750 million offering of its 7.875% notes due in 2010. The Securities and Exchange Commission registered bonds were listed on the London Stock Exchange.

Jones Day Reavis & Pogue has acted for the parcels and logistics holding company of La Poste Group on its cooperation agreement with FedEx. La Poste and FedEx will cooperate in the international express document and parcel delivery area, and in a more limited fashion on domestic express delivery and deferred delivery. La Poste will have access to the FedEx air network, while FedEx will gain from the European ground infrastructure of the La Poste parcels and logistics holding company. Jones Day partner Pierre Ullman of the Paris office advised on tax matters. FedEx worked with Baker & McKenzie; tax advice was provided in-house.

October 31 — In what is thought to be the biggest ever industrial deal, Shearman & Sterling represented General Electric in its acquisition of Honeywell, which was advised by Skadden, Arps, Slate, Meagher & Flom. The Shearman team was led by partner John Marzulli (M&A), and assisted by partners Mark Roppel (M&A), Henry Blackiston (benefits), Laurence Crouch (tax), and Salem Katsh (litigation). Peter Atkins (M&A) led the Skadden team, with assistance from M&A partners David Friedman and Jeffrey Tindell, antitrust partners Benjamin Crisman and James Venit, and Phillip Adams (tax) and Stuart Alperin (benefits). The deal took only two days to complete - this short timescale was the most challenging aspect, according to Marzulli.

Slaughter and May has advised Carlton Communications on its acquisition of HTV from Granada

The UK chancellor is to introduce tax credit for investors in small businesses in the UK's poorest areas