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Corporate Counsel

Pinnacle advised on rival takeover bid

Pinnacle Investment Management Group has been advised on a rival takeover bid for Hunter Hall.

February 02, 2017 • By Emma Musgrave
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John Williamson-Noble
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Firm: Gilbert + Tobin (Pinnacle Investment Management Group)

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Deal: Pinnacle Investment Management Group (ASX: PNI) has been advised on making an off-market takeover offer to acquire all of the shares in Hunter Hall (ASX: HHL) at a price of $1.50 per share, payable in cash through its wholly owned subsidiary Pinnacle Ethical Investment Holdings Limited.

 
 

Pinnacle lodged its bidder’s statement with HHL, ASIC and the ASX on 30 January 2017.

Value: $1.50 per share

Area: Finance

Key players: The legal team advising Pinnacle was led by Gilbert + Tobin partners John Williamson-Noble (pictured left) and Tim Gordon (pictured right), with assistance from lawyers Beth Jeffers, Lucy Hall and James Hunn.

Deal significance: The Pinnacle offer represents a premium of 50 per cent to the rival off-market takeover offer announced by Washington H. Soul Pattinson and Company Limited (ASX: SOL) on 30 December 2016.

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Pinnacle is an ASX-listed multi-affiliate investment management firm that currently consists of seven investment affiliates, which collectively have FUM of over $23 billion in assets across a diverse range of asset classes.

“We are very pleased to advise Pinnacle on this transaction,” Gilbert + Tobin partner Tim Gordon said.

“Pinnacle Investment Management is a leading Australian multi-affiliate investment management firm, widely respected for its track record and leadership in environmental, social and governance investing.”

 

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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. 

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