Big Law

Blakes acts on iron takeover bid

Blake Dawson is acting for Atlas Iron Limited, an ASX-listed mining company, which has announced a recommended all scrip (with a cash/scrip alternative) takeover bid for Giralia Resources N.L.,…

January 04, 2011 • By Lawyers Weekly

Blake Dawson is acting for Atlas Iron Limited, an ASX-listed mining company, which has announced a recommended all scrip (with a cash/scrip alternative) takeover bid for Giralia Resources N.L., also listed on the ASX.

This content is available exclusively to Lawyers Weekly premium members.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

Username or Email

Password Forgot password?

Keep me signed in on this device.

The implied offer price of $4.57 per Giralia share represents a 52.9 per cent premium to the closing price of Giralia shares on the day prior to announcement. The offer was unanimously recommended by the Giralia Board and is subject to the opinion of an independent expert.

All of the Giralia directors have entered into pre-bid agreements with Atlas in respect of all of the shares they own, representing approximately 7.5 per cent of Giralia's shares.

The Blakes team is being led by Murray Wheater, with the assistance of Ted Nixey, Raymond Lou, Constance Zhang and Lim Zang.

Lawyers Weekly - legal news for Australian lawyers

Blakes acts on iron takeover bid