26 October 2005 – LAWFUEL – The Law News Network – Paladin Resources plc, a British independent oil and gas exploration and production company, and Talisman Energy Resources Ltd, a wholly owned subsidiary of Talisman Energy Inc., an independent North-America based oil and gas producer, announced on 20 October that they have reached an agreement on the terms of a recommended cash offer for the whole of the issued and to be issued share capital of Paladin.
International law firm Freshfields Bruckhaus Deringer advised Paladin on the transaction.
Under the terms of the offer, Paladin shareholders will be entitled to receive 355 pence per Paladin share in cash. On this basis, the offer values the existing issued share capital of Paladin at approximately £1,218m.
The Freshfields team was led by corporate partner Peter Streatfeild and included partners Jon Rees, Patrick Gaynor (both corporate), David Aitman (antitrust, competition and trade) and Simon Evans (employment, pensions and benefits) with senior associates Simon Weller and David Jackson (both corporate) and associate Martyn Chu (antitrust, competition and trade).
For further information please contact:
Peter Streatfeild, partner
T +44 20 7832 7021
E peter.streatfeild@freshfields.com
Andrew Freeman, PR manager
T +44 7427 3984
E andrew.freeman@freshfields.com
