On the new Herbert Smith Freehills Podcast channel, our experts discuss mergers and acquisitions issues in Australia.
Tune in as our experts discuss recent transactions, their challenges and key legal issues, while highlighting considerations to watch out for in future transactions.
Latest episode: Equity funded private M&A – bolstering funding certainty for a better night’s sleep
Adam Charles and Cecilia Mehl discuss the pros and cons of common equity capital raising structures in the Australian market and briefly explore an entitlement offer underwriting structure that they have seen work well for bidders looking to fund large-scale acquisitions in the context of a competitive bid process.
Full podcast series
Episode 1: Issues in schemes of arrangement, focussing on the Tabcorp/Tatts transaction
Subject matter expert Rodd Levy along with Courtney Dixon, Senior Associate discuss some of the key legal issues that arose in Tabcorp Holdings’ combination with Tatts Group in 2017.
Senior associates Kam Jamshidi and Sam Kings discuss hostile takeover bids, defending against unsolicited bids and tactics to maximise shareholder value.
Partners Andrew Rich and Paul Apathy discuss the recent resurgence in creditors’ schemes of arrangement in Australia. They also discuss the recent ground breaking Bis Industries creditors’ scheme and likely future developments and trends in the space.
Partners Simon Haddy and Tim McEwen discuss the Takeovers Panel’s proposed reforms to two of its policies – namely truth-in-takeovers as it applies to follow-on bids after “best and final” statements, and clarification of the situations where rights issues will breach the takeover laws.
Rodd Levy and Toby Eggleston, Director at Greenwoods & Herbert Smith Freehills, talk through how the CGT non-resident withholding rules can apply to takeovers and schemes and the steps a buyer should take to ensure it can comply with these rules.
Rodd Levy and Kam Jamshidi discuss legal and commercial issues concerning pre-bid shareholder commitments, ASIC’s policy and some recent examples in the market.
Zoe Leyland and Jason Jordan discuss whether Australia should adopt a specific statutory regime to allow targets to recover takeover expenses from bidders (a regime which is currently unique to New Zealand).
Subject matter expert Rodd Levy along with Sam Kings discuss legal issues and factors affecting the progress of OZ Minerals successful 2018 bid for Avanco Resources.
Partner Sarah Benbow and Senior Associate Adelaide Luke discuss some of the key developments and trends in Australia and Asia that are relevant to securing competition approvals in international M&A.
Sarah Benbow and Adelaide Luke discuss recent changes in the approach of various competition authorities to gun jumping – i.e. closing a transaction before obtaining the necessary competition approvals.
Robert Nicholson, Partner and Ben Landau, Executive Counsel discuss key Australian M&A themes and transactions of 2018.
Rodd Levy, Kam Jamshidi and Sam Kings discuss recent takeover defence tactics in Australia drawing on an analysis of transactions from 2018 and consider the lessons that can be learned from various transactions.
Toby Eggleston and Sam Kings discuss recent developments in demergers and what they might mean for the future.
M&A experts Rodd Levy, Jason Jordan and Sam Kings discuss advising Healthscope in relation to the competing proposals from BGH and Brookfield and the eventual transaction implemented (including the novel two-tier structure).
Episode 15: Equity funded private M&A – bolstering funding certainty for a better night’s sleep
Adam Charles and Cecilia Mehl discuss the pros and cons of common equity capital raising structures in the Australian market and briefly explore an entitlement offer underwriting structure that they have seen work well for bidders looking to fund large-scale acquisitions in the context of a competitive bid process
The contents of this publication, current at the date of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2019