LONDON (August 5, 2004) — McDermott Will & Emery advised Metal Bulletin plc (“Metal Bulletin”), the specialist international publisher and information provider, on the acquisition for up to US$21 million (£11.8 million) of Avalon Research Group Inc, a leading independent research and execution-only broker located in Boca Raton, Florida.
Avalon provides independent research and analysis of US quoted companies and highlights undervalued and overvalued equities to hedge fund, investment advisor and institutional clients. It has particular skills in the US biotechnology, healthcare, technology and financial services sectors.
The McDermott Will & Emery Corporate team included Partners Mark Stein in the Boston office and Nick Azis in the London office. This is the Firm's first instruction from Metal Bulletin.