Clayton Utz is sole adviser to ASX-listed Tutt Bryant Group (TBG) on the proposed $132 million acquisition by majority shareholder Tat Hong Holdings Ltd.
National mergers & acquisitions practice head John Elliot, who is leading the team, said: "This is yet another example of an 'agreed' deal - a trend that has gathered pace in recent times."
Under the proposed acquisition, TBG shareholders will receive $0.92 in cash per fully paid share and will be implemented via an off-market takeover bid which is unconditional save Foreign Investment Review Board (FIRB) approval.
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