McCullough Robertson advises on $5.1 billion Whitehaven Coal and Aston Resources merger

McCullough Robertson advises on $5.1 billion Whitehaven Coal and Aston Resources merger

McCullough Robertson advises on $5.1 billion Whitehaven Coal and Aston Resources merger

13 December 2011

Leading law firm McCullough Robertson is advising on the creation of the largest ASX listed independent coal company.

The Brisbane-based firm is one of two firms appointed to advise on the transaction, assisting Whitehaven Coal Limited (ASX:WHC) with the all scrip merger-of-equals with Aston Resources Limited (ASX: AZT), and its simultaneous acquisition of Boardwalk Resources.

The merger, which is valued at approximately $5.1 billion, represents one of the largest announced coal deals in the Australian market this year.

McCullough Robertson lead partner and Head of its Resources Group, Damien Clarke said the transaction, announced on Monday 12 December 2011, is of major significance to the resources sector.

'Our team has brought its considerable knowledge and experience of the resources industry to allow both parties to navigate this highly complex and landscape changing deal,' Mr Clarke said.

Aston Resources and Whitehaven Coal have entered into a Scheme Implementation Agreement under which they have agreed to merge via a Scheme of Arrangement.  The transaction brings together two highly complementary and growth focused groups, creating a leading independent Australian coal company.

'This is a transformative and exciting transaction which will create an Australian leading independent coal producer with a high quality portfolio of productive mines, major development projects and exploration assets,' Mr Clarke said.

The McCullough team included lawyers from its Brisbane and Newcastle offices, bring together the depth and breadth of its interstate resources expertise to assist in the transaction.  Mr Clarke, along with Partner Janelle Moody and Lawyer Emma Jenkins were supported by key team members Peter Gill, Glenn Lennon, Jeremy Kennedy, Laura Rodger, Michelle Sirasch, Michael Rochester, Brendan Tobin, Sarah McBratney, Garth Silva, Charles Gregory, Liam Davis and Tim Hanmore.

Further information

For more information contact: Kristie Fankhauser on +61 7 3233 8876.

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