find the latest legal job
Senior Associate - Competition, Policy & Regulatory
Category: Other | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Work with a well regarded Partner · Sydney CBD
View details
Commercial Litigation Senior Associate
Category: Litigation and Dispute Resolution | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Lawyers Weekly Australia Partner of the Year 2016, Insolvency
View details
MULTIPLEX Regional Legal Counsel (Vic) | 7 to 10 years + PQE
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Career defining in-house role · Tier One international contractor
View details
Junior Lawyer - Personal Injury Law
Category: Personal Injury Law | Location: Parramatta & Western Suburbs Sydney NSW
· Highly specialized practice · Challenging role with great opportunities
View details
IR Advisor/Member Advocate
Category: Industrial Relations and Employment Law | Location: St Leonards NSW 2065
· Permanent (0.8-1.0 FTE) role in a developing team
View details
Three Aus firms take lead on $1.6bn mining bid

Three Aus firms take lead on $1.6bn mining bid

Three Australian law firms have landed roles on the joint $1.6 billion offer by Rio TInto and Mitsubishi that would give the companies full control of Australian miner Coal & Allied.

THREE Australian law firms have landed roles on the joint $1.6 billion offer by Rio TInto and Mitsubishi that would give the companies full control of Australian miner Coal & Allied. 


The bidders' goal is to acquire the roughly 14 per cent of Coal & Allied shares they don't already own, according to The New York Times. 


Rio Tinto, the world's second-largest mining company behind BHP Billiton, already owns 76 per cent of Coal & Allied. Japanese Mitsubishi owns 10.2 per cent, according to Bloomberg reports. 


Allens Arthur Robinson M&A partners Richard Kriedemann and Kylie Brown are advising Rio Tinto on the proposed transaction. Allens has long held the Melbourne-based mining giant as a client, providing it will tax advice in relations to the $68 billion hostile takeover bid by rival BHP Billiton, which collapsed. 


Blake Dawson corporate and M&A partner Stephen Menzies, Jason Lamberth and Ian Williams have advised Tokyo-based Mitsubishi. 


Gilbert + Tobin M&A partners Garry Besson and Gary Lawler in Sydney are advising Coal & Allied Industries Limited on the incomplete, non-binding, conditional and indicative proposal received from Rio Tinto.


If the proposal proceeds, it would value Coal & Allied at $10.6 billion.


G+T corporate advisory partners Besson said the firm is "extremely pleased to advise Coal & Allied Industries on such a strategic transaction and we are delighted that the firm is involved in yet another significant market transaction at this time".


Greenhill Caliburn is the investment bank advising Coal and Allied Industries Limited.

Like this story? Read more:

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

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017


Three Aus firms take lead on $1.6bn mining bid
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Human body, illegal organ trafficking, ALHR
Sep 22 2017
Australia poised to combat illegal organ harvesting: ALHR
The Australian Lawyers for Human Rights are calling for changes to the law so that organ trafficking...
Online service, barristers, BarristerSELECT, Stephen Foley
Sep 22 2017
New online service leverages barristers’ clerks to aid briefing
A new online tool has been launched to help NSW solicitors find the most suitable barristers for the...
NSW District Court judge, Tim Gartelmann SC, next appointment,
Sep 22 2017
Silk replaces outgoing NSW District Court judge
A barrister has been named as the next appointment to the NSW District Court, following the retireme...
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 & ...