The formal proposal from CPPIB is to acquire 100 per cent of MCG at $2.50 per stapled security, reflecting an equity value for MCG of $1.37 billion. Partners Wendy Rae and Jon Webster are leading the Allens team. 

Allens is providing strategic, structuring and planning advice, due diligence support, is responsible for negotiating and drafting transaction documentation, and is also acting for CPPIB in relation to the schemes of arrangement.