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
Exxaro grabs African Iron assets

Exxaro grabs African Iron assets

Gilbert + Tobin and Freehills have advised on a cash takeover bid for African Iron by Exxaro Resources.

Firms: Gilbert + Tobin (Exxaro Resources Limited), Freehills (African Iron)

Deal: Cash takeover bid for ASX-listed iron ore exploration and development company African Iron Limited

Area: Corporate

Value: $338 million

Key players: Corporate advisory partners Neil Pathak and Julie Athanasoff (pictured) led the G + T team, assisted by energy and resources partners Michael Blakiston and Claire Boyd, and lawyers Ailyn Choo, Nirangjan Nagarajah and Callista Barrett

Deal significance: This deal gives Exxaro, a South African-based mining company listed on the Johannesburg Stock Exchange, the opportunity to realise its stated ambitions of developing a significant iron ore asset and to add significant value to the project. African Iron’s key asset is its 92 per cent interest in the Mayoko iron ore project in the Republic of Congo. The bid was successful in a very short time, with the bid being announced on 11 January 2012 and achieving more than 90 per cent acceptances on 27 February. The takeover bid involved a two-tier offer price structure which increased from $0.51 per share to $0.57 per share upon Exxaro obtaining an interest of 75 per cent in African Iron.

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

Exxaro grabs African Iron assets
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Consultation
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
IBA
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
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 & ...