You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
user icon Login Become a Member
Advertisement
Big Law

Dibbs Abbot Stillman assists on earth moving sale

MOUNT ISA-based mining services firm Huddy’s has finalised the sale of Norbre Pty Ltd and Huddy’s Plant Hire Pty Ltd, their civil contracting, equipment hire and earth-moving divisions, with the…

May 05, 2008 • By Lawyers Weekly
expand image

MOUNT ISA-based mining services firm Huddy’s has finalised the sale of Norbre Pty Ltd and Huddy’s Plant Hire Pty Ltd, their civil contracting, equipment hire and earth-moving divisions, with the help of law firm Dibbs Abbot Stillman.

 
 

This content is available exclusively to Lawyers Weekly premium members.
The $250 million deal with Industrea Ltd (IDL) was “conducted very smoothly, for a deal of this size and complexity” according to Dibbs partner Derek Sutherland who acted with senior associate Alexa Sherpherd and solicitor Kelly Newston, out of Dibbs’ Brisbane office.

The final settlement took place over two days, with Deacons acting for IDL. “The positive economic climate currently enjoyed by the Australian mining industry in general contributed towards making Huddy’s businesses very attractive to IDL,” Sherpherd said.

IDL plans to retain the existing management team, while former owners Graham and Linda Huddy will take a significant portion of the sale price in IDL stock.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
lw logo footer
Momentum Media Logo
Most Innovative Company
STAY CONNECTED
SUBSCRIBE NOW
Powered by MOMENTUMMEDIA