Perth, 4 October 2011: Clayton Utz is continuing to advise ASX-listed international iron ore exploration and development company Sundance Resources Limited in connection with an all-cash conditional proposal by China's Hanlong Mining Investments to acquire 100 percent of Sundance, at an increased offer price of A$0.57 per share.
Under the proposal, Hanlong - Sundance Resources' major shareholder - proposes to acquire the remaining shares in Sundance via a scheme of arrangement, at a price of A$0.57 cash per Sundance share attributing an approximate A$1.65 billion value.
Clayton Utz Perth Corporate / M&A partner Mark Paganin is the firm's lead partner on the deal, with support from senior associate Kate Casellas.