Role of Hr in Mergers
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Contents DIAGEO- UNITED SPIRITS LIMITED DEAL 3 CONDITIONS TO THE DEAL 3 VALUATIONS 4 LEGAL ADVISORS 5 BENEFITS FOR DIAGEO 6 BENEFITS FOR UNITED SPIRITS 7 POST ACQUISITION MANAGEMENT 8 CONCLUSIVE ANALYSIS 8
DIAGEO- UNITED SPIRITS LIMITED DEAL
On 9th November, 2012 Vijay Mallya owned United Breweries Holdings , United Spirits and global drinks major Diageo announced a deal, which will see Diageo acquire a majority stake in United Spirits.
Diageo will acquire 19.3 percent at Rs 1,440 a share from United Breweries Holdings Group, USL Benefits Trust, United Spirits' two subsidiaries - Palmer Investment Group and UB Sports Management - and SWEW Benefit Company (established for benefit of certain United Spirits employees).
CONDITIONS TO THE DEAL
* The completion of the acquisition of the shares from UB Holdings, USL Benefits Trust, Palmer Investment Group, UB Sports Management and SWEW Benefit Company is subject to several conditions, which include release of all security interests over United Spirits shares to be acquired by Diageo and receipt of all mandatory regulatory and competition commission approvals in India and elsewhere. * The preferential allotment will also have to be approved by shareholders. If they don't, then UB Holdings has agreed to sell additional shares in United Spirits to Diageo to ensure that Diageo has a minimum shareholding of 25.1 percent. * If the preferential allotment and tender offer don't result in Diageo holding a majority interest in United Spirits, UB Holdings will vote its remaining shareholding in the company as directed by Diageo for a four year period. * The two sides are also yet to take any decision on the management structure, except that Mallya will continue in his current role as Chairman of United
Contents DIAGEO- UNITED SPIRITS LIMITED DEAL 3 CONDITIONS TO THE DEAL 3 VALUATIONS 4 LEGAL ADVISORS 5 BENEFITS FOR DIAGEO 6 BENEFITS FOR UNITED SPIRITS 7 POST ACQUISITION MANAGEMENT 8 CONCLUSIVE ANALYSIS 8
DIAGEO- UNITED SPIRITS LIMITED DEAL
On 9th November, 2012 Vijay Mallya owned United Breweries Holdings , United Spirits and global drinks major Diageo announced a deal, which will see Diageo acquire a majority stake in United Spirits.
Diageo will acquire 19.3 percent at Rs 1,440 a share from United Breweries Holdings Group, USL Benefits Trust, United Spirits' two subsidiaries - Palmer Investment Group and UB Sports Management - and SWEW Benefit Company (established for benefit of certain United Spirits employees).
CONDITIONS TO THE DEAL
* The completion of the acquisition of the shares from UB Holdings, USL Benefits Trust, Palmer Investment Group, UB Sports Management and SWEW Benefit Company is subject to several conditions, which include release of all security interests over United Spirits shares to be acquired by Diageo and receipt of all mandatory regulatory and competition commission approvals in India and elsewhere. * The preferential allotment will also have to be approved by shareholders. If they don't, then UB Holdings has agreed to sell additional shares in United Spirits to Diageo to ensure that Diageo has a minimum shareholding of 25.1 percent. * If the preferential allotment and tender offer don't result in Diageo holding a majority interest in United Spirits, UB Holdings will vote its remaining shareholding in the company as directed by Diageo for a four year period. * The two sides are also yet to take any decision on the management structure, except that Mallya will continue in his current role as Chairman of United