Travers Smith LLP has acted for Zegona Communications plc ("Zegona") on Zegona's proposed repurchase, by way of a tender offer to Zegona shareholders, of up to £140 million of shares in Zegona at a minimum price of £2 per share (the "Tender Offer").
The Tender Offer is designed to return surplus cash held by Zegona to shareholders following the recent £700 million sale by Zegona of Spanish cable company Telecable.
The Travers Smith team was led by Corporate Partner Aaron Stocks and also included Corporate Partner Adrian West, assisted by Corporate Associates Leigh Stockey, Olivia Bullen and Stuart MacKenzie and Tax partner Simon Yates.
US securities advice in connection with the Tender Offer was provided by US Securities Partner Dan McNamee, assisted by US Securities Associate Brent Sanders.