BHP Billiton has racked up costs of around $450m (£291m) over the last 18 months in relation to its aborted bid for Rio Tinto. The company said the bulk of the costs related to a $55bn (35bn) debt facility put in place to help finance the bid with most of the remainder paid out to legal and tax advisers. City law firm Slaughter and May is likely to have picked up the biggest share of the legal fees after being drafted in to advice the Australian mining giant on its hostile takeover bid with rival firms estimating the figure to be in the region of £5m.
November 26, 2008 at 09:50 AM
1 minute read
The original version of this story was published on Legalweek
BHP Billiton has racked up costs of around $450m (£291m) over the last 18 months in relation to its aborted bid for Rio Tinto.
The company said the bulk of the costs related to a $55bn ($35bn) debt facility put in place to help finance the bid with most of the remainder paid out to legal and tax advisers.
Presented by BigVoodoo
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
Women, Influence & Power in Law Awards honors women lawyers who have made a remarkable difference in the legal profession.
Philadelphia Plaintiff litigation firm seeks an associate attorney with at least 2 years' experience to join our team handling personal inju...
Position OverviewThe United States Judicial Panel on Multidistrict Litigation is accepting applications for the full-time, permanent positio...
A prominent AV-rated Education Law firm seeks an associate with 5+ years experience. The role will primarily involve advice and counsel in ...
