Hynes Lawyers and Blake Dawson are advising on the proposed takeover of a minerals company by a major shareholder.
Blake Dawson is advising Northwest Nonferrous International Investment Company Ltd (Northwest) on its takeover of Meridian Minerals Limited (Meridian), advised by Hynes.
The takeover is being conducted by way of a scheme of arrangement, which will see Northwest acquire all of the shares in Meridian that it does not already own at $0.14 per share, valuing Meridian at approximately $68 million.
The scheme, expected to be implemented in December, is subject to certain conditions, including requisite court, shareholder and regulatory approvals.
Corporate partner Warwick Walsh is leading the Hynes team alongside litigation partner Warren Jiear, who is leading the court process.
Blake Dawson Sydney corporate partner, Philip Maxwell, is leading the team for Northwest.