Felix Resources acquisition of White Mining

  • Member AWR Lloyd
  • Sector Industrials
  • Date completed 25.04.2005
  • Client Felix Resources
  • Country Australia
  • Target White Mining Limited
  • Country Australia

In August 2004, AWR Lloyd advised on a A$450 million merger between our client and an unlisted mining company, which was completed based on AWR Lloyd’s valuation analysis & negotiation. AWR Lloyd was retained for the following 12 months as Felix’s strategic advisor: assisting the company with its investor relations program and advised the board on its strategy. During the five years of work for the client by AWR Lloyd, the company’s market capitalization increased from around $30 million to over $1.2 billion. In the year following the end of our assignment, the company’s share price more than doubled again and the client was eventually acquired for A$3.3 billion by a large Chinese mining group.

AWR Lloyd

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