24 Aug 2012

Clayton Utz advises Talison Lithium Limited

Perth, 24 August 2012: Clayton Utz has advised TSX listed global lithium producer Talison Lithium Limited ("Talison") on its entry into a Scheme Implementation Agreement with US headquartered specialty chemical producer Rockwood Holdings Inc ("Rockwood").

Perth Energy & Resources M&A partner Heath Lewis led the Clayton Utz team advising Talison.

Heath previously led the Clayton Utz team that advised Talison on its merger with Salares Lithium Inc in 2010, which resulted in Talison's listing on TSX.

Under the terms of the current scheme proposal, Rockwood will acquire all of Talison’s outstanding securities, valuing the deal at approximately C$724million.

Commenting on the transaction Heath said: "Clayton Utz is pleased to once again assist Talison on a strategically significant deal for the company."

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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.