Sunday 29 March 2015

Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 15

It sounds like Slater & Gordon's purchase of Quindell's legal services division for £640 million is about to be announced.

The Australian Financial Review is reporting Slater & Gordon is "poised to acquire the professional services division of British claims processor Quindell". Here is a link:

http://www.afr.com/street-talk/slater--gordon-carves-up-in-uk-with-quindell-acquisition-20150329-1ma5qf

Indeed, I have been told by top sources the deal has now been "signed", with Slater & Gordon paying around £640 million in cash for the Quindell unit.

So, keep an eye out for the formal announcements from both companies this evening and tomorrow morning.

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