Herbert Smith Freehills Advises on A$247 Million Wind Farm Project

Herbert Smith Freehills has advised Mandated Lead Arranger and Bookrunner, National Australia Bank Limited, and Mandated Lead Arrangers Bank of China Limited, Bank of Communications Co. Ltd., China Construction Bank Corporation and Industrial and Commercial Bank of China Limited to achieve financial close of the AU$247.2 million construction and term facilities limited recourse project financing for the 165.5MW Gullen Range Wind Farm near Goulburn, New South Wales in Australia.

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Tags:  Herbert Smith Freehills LLP

Squire Sanders Advises on Western Australia Mining Acquisition

Squire Sanders has advised ITOCHU Corporation and Mitsui & Co on the acquisition of interests in BHP Iron Ore (Jimblebar) Pty.Ltd., which is developing the Jimblebar Iron Ore mine in Western Australia, part of the Iron Ore business of mining company, BHP Billiton. ITOCHU and Mitsui will invest US$0.8 billion and US$0.7 billion respectively, representing an 8 per cent and 7 per cent interest in the Jimblebar mining hub and resource. The transaction is subject to Australian Foreign Investment Review Board approval and is expected to complete in September 2013.

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Tags:  Squire Patton Boggs

Simpson Thacher Represents the Special Committee of the Board of Directors of Clearwire in its Recently Increased $5.00 Per Share Merger Agreement with Sprint

The Firm is representing the Special Committee of the Board of Directors of Clearwire Corporation (NASDAQ: CLWR) in connection with the Special Committee’s review of strategic alternatives available to the Company, including a recently increased proposal from Sprint Nextel Corporation (NYSE: S) to acquire the remaining shares of Clearwire that Sprint does not already own, which has resulted in an amended merger agreement between Clearwire and Sprint providing for the acquisition by Sprint of such Clearwire shares for $5.00 per share, or approximately $3.9 billion for such stake.  The revised transaction values Clearwire at more than $14 billion. This increased merger consideration represents a 14 percent premium to the $4.40 per share DISH Network (“DISH”) tender offer and a 47 percent premium to Sprint’s previous agreement at $3.40 per share announced on May 21, 2013.  The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Clearwire’s stockholders, including the approval of a majority of Clearwire stockholders not affiliated with Sprint or SoftBank.  The closing of the transaction is also contingent on the consummation of Sprint’s previously announced transaction with SoftBank.

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Tags:  Simpson Thacher & Bartlett LLP | New York