Thomsons act for ASX listed Razor Technologies

12 December 2011

News

Sydney Corporate Partner, David Zwi with assistance from graduate lawyer, Bernardo Wood, has been advising Razor Technologies in relation to a Takeover Bid by the Toronto Stock Exchange (TMX) for all of the shares in Razor Technologies. Freehills is acting for TMX.

While this deal is relatively small, it is a strategic one, given that the Toronto Stock Exchange is the bidder. The takeover structure is innovative, including a somewhat unusual mechanism for increasing the bid consideration as a function of Razor’s working capital level at the time the bid goes unconditional.

This transaction further reinforces the quality work and clients that Thomsons represent, both nationally and internationally.