Media Release: Clayton Utz advising Spookfish on $122m merger with EagleView

26 Jul 2018

Perth, 26 July 2018: Clayton Utz is advising ASX-listed geospatial imagery products and services company Spookfish Limited (ASX: SFI) on its entry into a scheme implementation agreement for a merger with Eagle View Technologies Inc. The transaction was announced to the market today. 

Clayton Utz corporate partner Mark Paganin and special counsel Stephen Neale are leading the firm's team, with key support from Benjamin Depiazzi and Heather Costelloe.

EagleView is a North American market leading provider of high-resolution aerial imagery, property data analytics and structural measurements for government agencies, insurance carriers, roofing contractors and energy utilities, and Spookfish's largest shareholder. 

Under the agreement, EagleView will acquire all of the remaining shares in Spookfish that it does not already own via a scheme of arrangement.  The scheme will be subject to, among other things, approval of Spookfish shareholders, the Court and FIRB.  If approved, Spookfish shareholders will receive $0.08 cash for each Spookfish share. 

The scheme consideration values Spookfish's fully diluted equity at approximately $122 million.

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