KWM advises The Trust Company on proposal by Perpetual to acquire its shares
King & Wood Mallesons (KWM) has advised The Trust Company on a proposal announced by Perpetual to acquire all of the shares in The Trust Company via a scheme of arrangement.
Perpetual is offering 0.1495 Perpetual shares for every share in The Trust Company and The Trust Company is also planning to declare a special dividend of 22c per share.
This proposal is said to be superior to the competing bid by Equity Trustees, which is currently on foot.
A KWM team led by Craig Semple has been advising The Trust Company since Equity Trustees launched its takeover bid.
Other key members of the KWM team are partner Stephen Minns, senior associate Marissa Bendyk and solicitor Robert Kelly. Partner Darren McClafferty is providing specialist tax advice.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out