find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
JWS in on gas grab

JWS in on gas grab

JOHNSON WINTER & SLATTERY is acting for Santos in its $606 million hostile takeover bid for Queensland Gas Company Ltd (QGC), launched earlier this month.Santos offered Queensland Gas…

JOHNSON WINTER & SLATTERY is acting for Santos in its $606 million hostile takeover bid for Queensland Gas Company Ltd (QGC), launched earlier this month.

Santos offered Queensland Gas shareholders $1.26 per share, which Santos said was a “significant premium” to recent QGC share prices.

The bid was rejected by the board of QGC last week, which said the company’s shares had been consistently trading above the Santos offer price.

“Given the quality of QGC’s coal seam gas prospects and the top performance of its management, the board has every reason to believe that the value of QGC will continue to increase,” QG chairman Bob Bryan said.

He said since the Santos bid had been announced “not a single share has been traded at the offer price of $1.26”.

JWS managing partner Peter Slattery said his firm had been working on the bid for some months now, with a team drawn from across the firm’s offices.

“Our team has been assisting Santos with all facets of the bid, addressing the corporate, finance and other components of the transaction,” he said.

“It’s a transaction that, if successful, will substantially enhance Santos’ coal seam and gas interests in Australia, so obviously from our client’s perspective, it’s a significant transaction.”

The JWS team includes lead partner John Keeves, partners Peter Rose, Jim Hunwick and Damian Reichel, special counsel Andrew Lind, and senior associates Tim Bowley and Man Loi.

Queensland Gas Company has certified gas fields totalling 2.4 trillion cubic feet at Berwyndale South and Argyle in south-east Queensland.

Santos is one of Australia’s largest gas producers, supplying gas to all mainland Australian states and territories.

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

JWS in on gas grab
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
Queensland University of Technology, ruby milestone
Queensland law school reaches ruby milestone
Celebrating 40 years since establishing a law course in 1977, the Queensland University of Technolog...
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'...
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...
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 & ...