22 Jun 2011

Clayton Utz advises Noble Group on Territory bid

Perth, 22 June 2011: Clayton Utz is advising SGX-listed Noble Group Limited subsidiary Jonesville Limited in connection with its A$133 million takeover bid for iron ore miner Territory Resources Limited.

Clayton Utz Perth Corporate / M&A partner Matt Johnson is the lead partner advising on the transaction.

Noble has offered to acquire up to 100 per cent of the fully paid ordinary shares in Territory for $0.50 cash per share by way of an unconditional on-market takeover offer.

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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.