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Wyloo undertakes $760m takeover of Mincor Resources shares
Wyloo Consolidated is being advised on an on-market takeover offer for all of the shares in listed company Mincor Resources NL.
Jerome Doraisamy
Firm: Clayton Utz (Wyloo Consolidated)
Area: Corporate
Value: $760 million
Key players: The Clayton Utz team is being led by partners Mark Paganin and Stephen Neale, who are being supported by senior associate William Davies, and lawyers Tashreen Tourabaly, Victoria Bandurski and Matthew Ledger, as well as partners Peter Feros and Keshni Maharaj and senior associates Amy Liu and David Wong, and partner Kate Casellas.
Deal significance: The offer price of $1.40 cash per share implies an equity value for Mincor of approximately $760 million, Clayton Utz said in a statement, and represents a 35 per cent premium to the closing price of Mincor shares on 20 March 2023, the last trading day prior to the announcement.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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