Gindalbie Metals advised on demerger and acquisition
Clayton Utz has advised ASX-listed Gindalbie Metals Limited on two transactions surrounding a demerger and acquisition by a Hong Kong company.
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Firm: Clayton Utz (Gindalbie Metals Limited)
Value: Undisclosed
Area: Corporate, M&A
Key players: Corporate partner Mark Paganin and special counsel Stephen Neale led the firm's team, with key support from lawyers Benjamin Depiazzi and Matthew Johns.
Partner Cameron Belyea and lawyer James Sprivulis led the court aspects of the transactions.
Deal significance: According to a statement from Clayton Utz, the transactions were implemented by way of two inter-conditional schemes of arrangement.
Gindalbie shareholders received $0.026 cash per share and eligible Gindalbie shareholders received one share in Coda for every 45 Gindalbie shares held, the firm noted.
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Emma Musgrave
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