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Santos cements all-scrip merger with Oil Search
Three BigLaw firms have advised on a billion-dollar transaction which saw Santos complete an all-scrip merger with Oil Search.
Emma Musgrave
Firm: Dentons (Santos); Herbert Smith Freehills (Santos); Allens (Oil Search).
Value: Approximately $21 billion.
Key players: The Dentons team was led by partner Stephen Massa, with support from partners Don Robertson, Steve Patrick and Erik Andersen, managing associate Rachel Austin and senior associate Wavie Kendino.
Deal significance: According to a statement from Dentons, the merger “creates a regional champion of size and scale, with a pro-forma market capitalisation of approximately A$21 billion”.
“The aim is to use its balance sheet and strong cashflows to successfully navigate the transition to a lower carbon future. It is expected that the merger will unlock pre-tax synergies of US$90-115 million per annum,” the firm said.
Commenting further, Dentons partner Stephen Massa said: “The transaction is another example of Dentons’ strong regional expertise and deep energy and resources sector knowledge, working for high profile clients on strategically important deals”.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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