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
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:

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

JWS in on gas grab
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 & ...