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BidFair acquisition of Sotheby's

18/6/2019
Public acquisition
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Announced

18/6/2019

Overview:

  • BidFair has acquired auction house Sotheby's.
  • Shareholders in the firm will receive $57 per share giving the deal an enterprise value of $3.7 billion.
  • Sotheby's has been listed on the NYSE for 31 years.

Sam Duke

Jurisdictions:

United States
United Kingdom
New York

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Consumer goods and services

Firms:
Mayer Brown

Party: BidFair (Acquirer)

Lawyers: James West, Perry Yam

Ropes & Gray

Party: BidFair (Borrower)

Lawyers: Alexandru Mocanu, Michael Kazakevich

Sullivan & Cromwell

Party: Sotheby's (Target)

Lawyers: John Mead, Melissa Sawyer

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