Ashurst is advising Kopane Diamond Developments plc on the all
share offer by Firestone Diamonds plc.
The terms of the offer are 0.4657 of a new Firestone share for
each Kopane share, valuing the enlarged group at approximately
US$150 million.
The transaction will leave 53 per cent of Firestone in the hands
of Kopane shareholders and the rest with Firestone investors based
on Kopane's fully diluted share capital.
Corporate partner Michael
Robins led the Ashurst team, assisted by senior associate Tom
Mercer and associate Lucy Ward. Corporate partner Jonathan Haines also advised, as
did litigation counsel Sarah Watson, incentives associate Louise
Batty and trainee Jennifer Moore.