Posted inGuernsey Business

Mourant advises on US$274 million takeover

The transaction comprised of US$130 million cash and 142.5 million Resolute shares valued on Resolute’s 30-day VWAP of A$1.45 per share. The acquisition of Toro was undertaken by contractual takeover under the Companies (Guernsey) Law, 2008. Resolute entered into irrevocable undertakings with major shareholders comprising 94% of the issued share capital of Toro on launch […]

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