Simmons & Simmons – Tender Offer and New Tier 2 Insurance by Royal London

International law firm Simmons & Simmons has advised Barclays, BofA Merrill Lynch and HSBC as joint dealer managers on a tender offer by RL Finance Bonds plc in respect of its £400m Upper Tier 2 Notes and as joint lead managers on a £400m new issue of Solvency II-compliant Tier 2 Notes by RL Finance No. 2 plc, which are guaranteed on a subordinated basis by The Royal London Mutual Insurance Society Limited, the UK’s largest mutual life and pensions company.

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Ashurst advises on £1.56 billion bid for AZ Electronic Materials

Ashurst advised Bank of America Merrill Lynch International (BofAML) in relation to the £1.56 billion recommended cash offer for AZ Electronic Materials S.A., the London-listed company that makes chemicals used in electronic devices such as Apple’s iPad, announced today. The offer is being made by Germany’s Merck 15. Allgemeine Beteiligungs-GmbH, an indirect wholly-owned subsidiary of Merck KGaA, the world’s largest maker of liquid crystals for flat panel displays. BofAML is acting as financial adviser to Merck.

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