Herbert Smith Freehills and Ashurst are advising on a potential $1.4 billion takeover of Australian miner Sirius Resources by its South Perth-based peer Independence Group.
Independence, which operates gold, copper, zinc and nickel mines in Western Australia, has offered a combination of equity and cash that values Sirius at $3.41 a share. The valuation represents a 35 percent premium over Sirius’ closing price on May 22.
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