Allens Arthur Robinson and Blake Dawson have announced they are acting for Newcrest Mining Limited and Lihir Gold Limited respectively on their proposed merger.
Newcrest is acclaimed to be one of the world's leading gold companies, while Lihir is a also a leading global gold company with operations in Papua New Guinea, Australia and West Africa.
Newcrest and Lihir have thus far entered into a Merger Implementation Agreement (MIA) in relation to the proposed merger.
Under the MIA, and subject to certain conditions, Newcrest will acquire Lihir under a scheme of arrangement.
Resultantly, the combined organisation would become Asia-Pacific's leading gold producer.
The transaction will see Lihir shareholders receive one Newcrest share for every 8.43 Lihir shares they own, as well as $0.225 cash per share - less any interim dividend declared or paid by Lihir for the year ending 30 June 2010.
The implied offer price from Newcrest is $4.03 per Lihir share, valuing Lihir at approximately $9.5 billion.
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