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Conyers advises Dufry AG on its proposed acquisition of Hudson Ltd.

Conyers advised Dufry AG in connection with its proposed acquisition of all the equity interests in Hudson Ltd. It already ownsUS$7.70 in cash per Hudson Class A share corresponding to a total purchase price of approximately US$311 million.

The transaction is expected to close in the fourth quarter of 2020, and is subject to the approval by the holders of a majority of Hudson’s outstanding common shares present at a shareholder meeting of Hudson to be convened in due course.

Dufry is the leading global travel retailer operating over 2,400 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and downtown tourist areas, in more than 420 locations in 65 countries across all six continents. Hudson, a Dufry Company, is a travel experience company turning the world of travel into a world of opportunity in more than 1,000 stores in airport, commuter hub, landmark and tourist locations.

Director Guy Cooper and Associate Edward Rance worked on the matter alongside David Polk.

 


Guy Cooper
Director

Bermuda   +1 441 299 4938


Edward Rance
Associate

Bermuda   +1 441 278 7904


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