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
Blakes acts on BHP takeover

Blakes acts on BHP takeover

Blake Dawson Waldron acted for BHP Billiton on its successful bid for WMC Resources, the largest cash takeover offer ever for an Australian company at $9.2 billion ($7.85 a share) for the…

Blake Dawson Waldron acted for BHP Billiton on its successful bid for WMC Resources, the largest cash takeover offer ever for an Australian company at $9.2 billion ($7.85 a share) for the entire issued capital of WMC.

This followed Xstrata’s earlier offers of $6.35 and $7, which were rejected by WMC.

Head of corporate David Williamson led the BDW team, which worked closely with BHP’s in-house legal team on the transaction.

Williamson said the transaction was the most significant takeover deal in Australia in recent times, because of its size and its consolidation of BHP’s position as the world’s largest diversified resources company.

He said a range of complex and novel legal issues arose and required the experience from a range of practice areas across the firm.

“Most stimulating of all was helping devise BHP Billiton’s effective takeover strategy, which saw it move to a commanding shareholding in WMC in a relatively short period,” Williamson said.

The BDW team included partners John Sartori and Nick Terry, special counsel Bruce Dyer and lawyers Lawrence Kim and Maggie Chen on M&A issues; partner Bill Reid and senior associates Rowena Tindal and Wolfgang Hellmann on competition law issues; partner Bruce Whittaker and senior associate Jock O’Shea on financing; partners Duncan Baxter, Richard Dukes, Teresa Dyson and Geoff Mann and special counsel Len Hertzman on tax; partner Graeme Harris on resources issues, and partner Richard Bunting, senior associate Jane Harvey and lawyer, Danya Linden on “people” issues.

BHP Billiton’s English law advisers were Slaughter and May, and Wachtell Lipton Rosen & Katz advised on US law issues.

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

Blakes acts on BHP takeover
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 & ...