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Ashurst goes for gold
Ashurst has acted on the acquisition of Allied Gold Mining Plc by St Barbara.
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Firms: Ashurst (St Barbara Limited)
Area: E+R
Value: $556 million
Key players: Ashurst was the lead legal adviser to St Barbara on the matter, drawing on its international resources and global capabilities across its offices in Australia, the UK and Papua New Guinea. Key members of the global Ashurst team who have worked on this deal include: Marie McDonald (Australia), John Sartori, Martin Kudnig, Claire Hannon, Phoebe Berridge, Jonathan Ross, Kylie Lane, Jack Anstey and Noah Obradovic (M&A, Melbourne); Karen Davies, Adrian Clark, Chris Phillips, Jessica Higginson and Kate Gritten (M&A, London); Bruce Whittaker, Chris Spalding and Charles Driscoll (Acquisition Financing, Melbourne); Doo-Soon Choi and Anthony Tesvic (Acquisition Financing, Sydney); Tim Glenn (Energy & Resources, Port Moresby); and Richard Flynn (Energy & Resources, Brisbane).
Deal significance: Under the terms of the recommended offer, St Barbara will acquire 100 per cent of Allied Gold in exchange for $1.025 cash and 0.8 St Barbara shares for each Allied Gold share. The combination will create an international diversified gold-mining and exploration company, with the largest gold reserves and resources portfolio of any mid-tier ASX-listed peer.
