DWF (DWF) is weighing up a possible takeover deal, in a move that could take the UK’s biggest listed law firm off the public market. Inflexion Private Equity Partners is proposing to buy all of DWF for 100p per share, valuing it at £342mn. This would consist of cash consideration of 97p per share and a 3p dividend.
DWF said that “should a firm offer be made by Inflexion on the financial terms of the proposal, it would be minded to unanimously recommend it to DWF shareholders”. Inflexion has until 7 August to announce a firm intention to make an offer.