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16 Jul 2010

Clayton Utz advises Tutt Bryant Group on proposed acquisition

Sydney, 16 July 2010: Clayton Utz is sole adviser to ASX-listed Tutt Bryant Group (TBG) on the proposed acquisition by majority shareholder Tat Hong Holdings Ltd, of the remaining issued shares which it does not own.

Under the proposed acquisition, TBG shareholders will receive A$0.92 in cash per fully paid share, valuing the total issued shares in TBG at approximately A$132 million. The proposed acquisition will be implemented via an offmarket takeover bid and is unconditional except for Foreign Investment Review Board (FIRB) approval.

Clayton Utz previously advised TBG on its initial public offering in 2005.

The TBG deal reinforces Clayton Utz's market-leading position, recently ranked number one by the Thomson Reuters' Mergers & Acquisitions Legal Advisor League Tables for most number of completed deals (with any Australia/New Zealand involvement) in the first half of 2010.

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Disclaimer

Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.