find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Corrs takes lead on media mergers

Corrs takes lead on media mergers

IN WHAT is one of the first media mergers to be completed following the relaxation of cross-media ownership laws, Corrs Chambers Westgarth has advised Southern Cross Broadcasting (Southern…

IN WHAT is one of the first media mergers to be completed following the relaxation of cross-media ownership laws, Corrs Chambers Westgarth has advised Southern Cross Broadcasting (Southern Cross) on its $1.35 billion merger with the Macquarie Media Group (MMG).

The acquisition was implemented by way of two schemes of arrangement in respect of the shares and options in Southern Cross. Under the schemes, MMG acquired all outstanding shares in Southern Cross and all outstanding options in Southern Cross were cancelled. As part of the broader Southern Cross transaction, and separately to these schemes, Fairfax Media acquired a number of Southern Cross’s businesses, including its metropolitan radio broadcasting business.

Corrs advised Southern Cross on all aspects of the transaction, working closely with the general counsel of Southern Cross, Adam Olding, who played a key role in the transaction. Corrs produced all transaction and court documentation for the schemes, including the scheme booklet, and advised Southern Cross on the competition and property aspects of the transaction.

Corrs partner Justin Fox said: “The smooth progression of the transaction through the scheme meetings and the court was testament to the dedication, long hours and high quality work put in by everyone involved in the transaction. Importantly, it’s a great result for our client with shareholders voting overwhelmingly in favour of the transaction.”

Corrs has previously advised Southern Cross on a range of key acquisitions, including Southern Star, Spencer Gulf Telecasters, 2UE and Telecasters Australia Ltd.

The Corrs team working on this transaction was led by Justin Fox, Naomi Lawrie and Robert Mott and included Reynah Tang, Stephen Kroker, Daniel Marquet, Vanessa Smith, Sara Georgandas, Chris Taylor, Warwick Taylor and Colleen Martin. A number of Corrs’ practice groups played pivotal roles in steering the transaction to completion, including its corporate advisory, litigation and tax practices.

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

Corrs takes lead on media mergers
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
11:56
Disrupting traditional archiving and storage methods
Promoted by File Pro TRENDS COME and go but technology and its disruption to the legal landscape ...
Scales of Justice
06:00
WA to close ‘legal loophole’ on gender reassignment laws
Laws in Western Australia will soon change to permit married people to undergo gender reassignment s...
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
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 & ...