Slaughter & May Advises Aegis On $326M Mitchell Buy

Law360, New York (July 29, 2010, 4:04 PM EDT) -- In an effort to expand operations in the Asia-Pacific region, communications company Aegis Group PLC said Thursday it would acquire Mitchell Communication Group in a cash-and-stock deal valuing Australia’s largest marketing company at AU$363 million ($326 million).

Aegis and Mitchell Communication entered a merger implementation agreement providing that Aegis would acquire all outstanding Mitchell Communication stock for AU$1.20 ($1.08) per share, a premium of 15.4 percent over Wednesday's closing price, the companies said in a joint statement.

Mitchell Communication shareholders can opt for cash, stock or...
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