- Pinsent Masons advises Abbot Group plc on its £900 million public takeover by Turbo Alpha Limited
19 December 2007
International law firm Pinsent Masons has advised the Company and the independent directors of Abbot Group plc ("Abbot"), the international operator of mobile drilling units, on the recommended public takeover offer, to be implemented by means of a scheme of arrangement, for the entire issued and to be issued share capital of Abbot by Turbo Alpha Limited ("Turbo Alpha"), a newly incorporated company formed at the direction of a fund advised by First Reserve Corporation (the "Transaction").
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