BG Group’s takeover bid for Pure Energy

Corp_M_A_1.jpg

When global oil and gas giant, BG Group, trumped a bid from Arrow Energy to takeover Queensland coal seam gas producer Pure Energy, rapid and tactical pre-bid manoeuvres were essential to success. While BG Group prepared to spark the hotly-contested bidding war, Corrs assisted with pre-bid stake building.

Corrs then worked with BG Group to obtain a Pure Energy board recommendation and an acceptance announcement from major shareholders, as well as Foreign Investment Review Board approval ahead of statutory timetable. This allowed BG Group to make its unconditional winning $1 billion bid.