DWF acts on behalf of First Milk in Wiseman and Müller Deal
Insight Contacts
Peter Allen
Head of Food Group
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Add vCard View BiographyDate: 30/01/12
Business law firm DWF has acted on behalf of dairy farmer co-operative First Milk in relation to the recent Robert Wiseman Dairies and Müller deal.
East Kilbride-based Wiseman is the largest fresh milk company in Britain and has recently made headlines following the news that it has recommended an offer to be acquired by German yoghurt and potted desert manufacturer, Müller. The deal, which is thought to be worth almost £280 million, is very significant to First Milk as it owns some 7,162,026 shares in the Scottish dairy group, equating to a 10.1 per cent shareholding.
DWF has advised First Milk on its participation in the proposed offer as a significant shareholder.
Peter Allen, head of the food group at DWF, commented: “This takeover is a major shake up in the UK dairy market, putting together two major players in staple dairy consumer products – yoghurts/desserts and fresh liquid milk. We were delighted to advise First Milk, a key client of our food group, on this substantial transaction for them.”
