Australian law firms Allens Arthur Robinson and Mallesons Stephen Jaques are taking lead roles in Royal Dutch Shell and Petrochina’s $3 billion joint takeover bid for Australian coal seam gas company Arrow Energy Ltd. announced earlier this week.
Shell has long been regarded as a natural suitor for Arrow. Its appearance alongside Chinese state oil giant Petrochina is more of a surprise though, The Wall Street Journal reports, which suggests that ongoing cost-cutting efforts at Shell may have encouraged a joint approach.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
