Sullivan and Ashurst among advisers as Berendsen rejects £2bn bid from European rival

Herbert Smith Freehills also acting on £2bn takeover bid by Elis

Sullivan & Cromwell and Ashurst are among a line-up of firms advising on a £2bn takeover bid for UK textile services company Berendsen by European rival Elis.

Elis, which is headquartered in France but has operations in multiple countries across Europe and South America, is a linen and workwear rental and maintenance company. Its bid for Berendsen values the London-based company at approximately £2.05bn.

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