find the latest legal job
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Norton Rose Australia takes work on $2b merger

Norton Rose Australia takes work on $2b merger

Milton Corporation Limited and Choiseul Investments Limited have agreed on terms for a $2 billion merger. Norton Rose Australia is acting on the deal.

NORTON Rose Australia has secured work on a major deal as listed investment companies Milton Corporation Limited and Choiseul Investments Limited have agreed on terms for a $2 billion merger.

The firm is advising Choiseul Investments, which has agreed to merge with Milton Corporation Limited by way of scheme of arrangement.

Choiseul and Milton are well known Australian listed investment companies. The two companies have been in talks since late August, and Milton said last week it had entered into a merger implementation agreement with Choiseul.

It is anticipated that the merged entity will have more than 18,000 shareholders and a market capitalisation in excess of A$2 billion.

The merger is conditional on, among other things, Choiseul shareholder and court approval. It is currently anticipated that the merger will be implemented in December 2010.

The legal team is led by financial institutions M&A specialist Tim Woodforde, assisted by Rodger Spencer, Susanna Taylor and Kathryn Martin.

Partner Tim Woodforde said the transaction is anticipated to provide benefits to shareholders, “including a reduced management expense ratio and a reduction in the extent to which shares trade at a discount to net asset backing, flowing from a larger combined asset base and increased liquidity”.

Like this story? Read more:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending


Norton Rose Australia takes work on $2b merger
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
Warning
Jan 18 2018
Lawyer highlights ‘unintended consequences’ on SSM estate planning
A succession lawyer has warned that the right for same-sex couples to legally marry could have a sub...
drug rehabilitation services available in rural and remote communities
Jan 18 2018
ALS survey shines spotlight on insufficient rehabilitation services
A new survey posted by the Aboriginal Legal Service (NSW/ACT) has revealed an alarming insight into ...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...