You have 0 free articles left this month.
Big Law

Sundance Energy advised on US redomiciliation

Baker McKenzie has acted as legal adviser to Sundance Energy Australia in the group’s redomiciling to the US and listing on Nasdaq.

November 19, 2019 • By Emma Musgrave
Share this article on:
Facebook X LinkedIn
Baker McKenzie
expand image

Firm: Baker McKenzie (Sundance Energy Australia)

This content is available exclusively to Lawyers Weekly premium members.
Deal: Sundance Energy Australia has obtained shareholder and court approval for a redomiciliation to the US and a Nasdaq listing.

 
 

Value: The redomiciliation is worth about $100 million.

Area: Finance

Key players: This deal involved a Baker McKenzie corporate team comprising Guy Sanderson, Steven Glanz, Andrew Reilly, Alberto Pacchioni, Louise Hang and Madeleine McIntosh in Sydney, and Heath Trisdale and Shahla Hazratjee in Houston.

Tax support was provided by John Walker and Joanna Kuok, along with tax teams in Baker McKenzie’s US offices.

Deal significance: Sundance Energy is listed on the Australian Securities Exchange (ASX). The redomiciliation will close in this month.

“The transaction involves a scheme of arrangement under which Sundance shareholders exchange their ASX listed shares for shares in a new Delaware incorporated holding company,” said Mr Sanderson.

Discover logo VIEW ALL

“Sundance hopes to access deeper and more liquid capital markets with a Nasdaq listing in the US, where investors have more experience with unconventional oil and gas businesses such as theirs.”

Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.

Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Know More
Tags