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Blake's and McCullough Robertson advise on coal takeover

Blake Dawson and McCullough Robertson have acted in an off-market takeover of a Queensland coal group.New Hope Corporation (NHC), an Australian-listed coal company, announced an unconditional…

user iconLawyers Weekly • 01 September 2011 • Big Law
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Blake Dawson and McCullough Robertson have acted in an off-market takeover of a Queensland coal group.

 
 

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New Hope Corporation (NHC), an Australian-listed coal company, announced an unconditional all cash takeover offer for all of the shares which it does not already own in QLD coal group, Northern Energy Corporation (NEC).

NEC consented to the early despatch of the bidder's statement allowing the offer - which values NEC at $261 million. NHC currently has a toehold of around 80% as a result of its previous hostile all cash takeover in 2010.

Partner David Ryan led the Blakes team advising NHC, supported by David McManus and Peter Atkin. McCullough Robertson acted as legal advisers to NEC.

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