Allens advises Ferrovial on Broadspectrum takeover
4 July 2016
Allens has advised Ferrovial Servicios S.A. on its successful takeover bid for Broadspectrum Limited (through its subsidiary Ferrovial Services Australia Pty Limited).
The deal occurred via an off-market takeover offer in respect of all Broadspectrum shares, with the total consideration for the deal more than $768 million.
With the involvement of Allens' alliance partner, Linklaters, the takeover was launched on 7 December 2015, the offer closed on 20 May 2016, and compulsory acquisition completed on 27 June 2016.
The transaction involved the takeover of a multinational company listed on the ASX and as such involved obtaining regulatory approvals in a number of foreign jurisdictions.
According to Guy Alexander, lead partner on the deal, the complexity of the deal showed Allens' depth of experience in public M&A and the strength of our alliance with Linklaters.
|Allens legal team||Corporate: Guy Alexander (Partner), Richard Kriedemann (Partner), Vijay Cugati (Partner), Charles Ashton (Senior Associate), Hannah Biggins (Senior Associate), Adam Laidlaw (Associate), Alistair Stolz (Lawyer), Dana Harel (Lawyer) and Philip Marquet (Lawyer).|
- Sarah SmithPublic Relations and Social Media Manager,
Ph: +61 2 9230 5097
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.