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
Deals 2 April 2004

Deals 2 April 2004

Minter Ellison assisted Duke Energy Australia and Duke Capital Corporation in the $1.69 billion sale of Duke Energy’s Australian and New Zealand assets, announced on 15 March. The firm said…

Minter Ellison assisted Duke Energy Australia and Duke Capital Corporation in the $1.69 billion sale of Duke Energy’s Australian and New Zealand assets, announced on 15 March. The firm said this transaction was one of the few sales in the Australian market where concurrent tender and IPO processes were run right to the bid date with the IPO acting as a

viable alternative.

In mid-2003, Minters and JP Morgan were asked to advise Duke on potential options for an exit from the local market. The Minter Ellison teams advised on the migration to Australia of the parent company for the Australian and NZ assets, the prospectus, due diligence, separation issues and proposed refinancing. The firm said it also had significant input in the trade sale process. The teams collected and supplied the legal content for the trade sale data room and assisted in responding to bidder questions and in negotiation of the sale documents. The deal was led and coordinated by James Philips from the Sydney office, with significant teams in Melbourne, led by Andrew Venables (finance) and Mitzi Gilligan (due diligence), and in Brisbane, led by Denis Gately. Local expertise was also called in from Minter Ellison’s Perth and Auckland offices.

Pillsbury Winthrop represented the underwriters, Jefferies & Company Inc., Needham & Company Inc. and Stifel, Nicolaus & Company Inc, in connection with a US$63.48 ($85.3) million registered offering of common stock shares by Source Interlink Companies Inc. and certain selling shareholders. A total of 5,520,000 shares of common stock were offered in the transaction, inclusive of the shares covered by the over-allotment option granted to the underwriters by the selling shareholders. Source Interlink Companies is the largest direct-to-retail magazine distributor in the US and a leading provider in the US of design, manufacture and management services to the front end of supermarkets, discount stores, drug stores, convenience stores, terminals and newsstands. The transaction closed on 8 March.

The firm also represented Incyte Corporation in a Rule 144A offering of US$250 ($336) million of its 3.5 per cent Convertible Subordinated Notes due 2011. Incyte Corporation is focused on the discovery and development of novel, small molecule drugs to treat major medical conditions, including HIV, inflammatory disorders, cancer and diabetes. The initial closing on US$200 million of the notes occurred on 19 February, with a subsequent closing on a further US$50 million of the notes occurring on 5 March.

Linklaters has advised Hyundai Mobis and its subsidiary, KIA Motors Corporation, on legal issues relating to the choice between Poland and Slovakia for the development of new auto manufacturing and assembly plants. Hyundai Mobis and KIA Motors announced their decision to construct the car plants in Slovakia on 2 March. The law firm said Hyundai Mobis’ 183 ($300.03) million euro auto parts and modules manufacturing plant will create almost 1,000 jobs and will be the key supplier to KIA Motors’ 725 million euro auto assembly plant, which will create around 2,400 jobs. With a capacity of 200,000 vehicles per year, KIA Motors’ new plant will be the third major automotive assembly plant in Slovakia, after Volkswagen and PSA Peugeot-Citroen. Linklaters’ team was led by Daniel Torsher (finance & projects, Bratislava), Patrik Bolf (corporate, Bratislava), and Christopher Bremme (corporate, Warsaw).

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

Deals 2 April 2004
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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 & ...