Dee Valley

Contested Acquisition £84 million takeover of Dee Valley Water.

Tavistock advised the Board of Dee Valley Water on Severn Trent’s £84 million takeover bid which trumped an earlier offer from a rival bidder. 

The take-over experienced a first of its kind voting down of a Scheme of Arrangement by minority shareholders by the number of votes.  A subsequent judgment was required in the High Court to allow the take-over to complete.