Corrs Chambers Westgarth and Freehills are advising on a multi-billion-dollar merger of Australian coal producers.
Whitehaven Coal Ltd., advised by Corrs partners Andrew Lumsden and Shaun McGushin, has announced it will merge with listed coal company Aston Resources Ltd. for at least $2.8 billion. Whitehaven will also buy private company Boardwalk Resources Pty. Ltd. for $500 million, conditional on the completion of the Aston acquisition. Australian mining magnate Nathan Tinkler is the largest shareholder in Aston and is also the director and majority shareholder in Boardwalk.
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