Mergers & Acquisitions

Bid for United Energy, Victoria, Australia

Morrison & Co acted for TransAlta Energy Corporation (TransAlta) with respect to an offer for United Energy in Victoria. The assignment included:

• Developing an Australian strategy for TransAlta including detailed assessment of the risk profile of distribution investment in a deregulated market;
• Assessing the potential benefits and costs associated with the creation of one Australasian energy company through the merging of TransAlta’s New Zealand interests with an Australian acquisition;
• Soliciting potential Australian consortium partners and developing shareholder’s arrangements; and
• Developing a valuation and bidding strategy with respect to the submission of an indicative bid.