Successful defence of hostile takeover to double bid price
Advising ASX listed Robust Resources on the strategy and implementation of its response to the hostile off-market takeover offer made by Stanhill Capital Partners (Stanhill).
The Piper Alderman team worked closely with the directors of Robust Resources to devise and implement its response to the unsolicited offer from Stanhill, the outcome of which resulted in a superior bid being received which the Robust directors recommended that shareholders accept (which bid was approximately 75% higher than Stanhill’s initial bid) and was subsequently implemented.
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Team
Gordon Grieve
Chairman of Partners
Josh Steele
Partner