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Allens leads A$3.4 billion Canadian deal
Allens Arthur Robinson has taken a leading role in the proposed A$3.4 billion deal for the acquisition of Intoll Group by Canada Pension Plan Investment Board.
Canada Pension Plan Investment Board has put forward a proposal offering Intoll security holders the option of receiving A$1.52 cash per Intoll stapled security, or a scrip and cash option, or a combination of the two options. The directors of Intoll have unanimously recommended that Intoll security holders approve the transaction and elect to receive the cash option, stating that the Canadian investor is offering a highly attractive premium.
The Allens team is led by partner Wendy Rae.
Read more at www.thenewlawyer.com.au