- Magellan Petroleum Corp. (NASDAQ) is an oil and gas exploration and development company whose principal asset is a 55% stake in Magellan Petroleum Australia Limited (AUS)
- SAGASCO Holdings Ltd. of Australia launched an unsolicited tender offer to acquire Magellan Petroleum Corp.
- Magellan retained TM Capital as financial advisor to assist in its defense against this unsolicited offer
- TM Capital assisted Magellan in its successful defense, which resulted in the withdrawal of SAGASCO’s unsolicited tender offer
The Board of Directors
was successful in its defense against an unsolicited offer by SAGASCO Holdings Ltd.
Magellan Petroleum Tender Defense
TM Capital advised the Board of Directors of Magellan Petroleum Corp. (NASD) in its successful defense against an unsolicited tender offer by SAGASCO Holdings Ltd. of Australia
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