Baker & McKenzie Acts for K&S Corporation on Merger with Scott Corporation

Baker & McKenzie is acting for K&S Corporation Limited (ASX: KSC) in relation to its proposed merger with Scott Corporation Limited (ASX: SCC) by way of recommended off-market takeover offer.

The merger proposal values the combined K&S and SCC group at over $200 million.

The Baker & McKenzie team is being led by Corporate partner Ashley Poke, senior associate Michael O’Neill and associate Eliza McDonald.

K&S will offer $0.59 cash or 0.345 K&S shares for each SCC share, plus a fully-franked special dividend to be paid by SCC of $0.05 per SCC share.

K&S is a provider of transport & logistics solutions, contract management, warehousing and fuel distribution throughout Australia and New Zealand and maintains one of the largest company owned and operated fleets in Australia with 22 national depots. K&S reported operating revenue of $564.6 million in FY13.  SCC is a national carrier in the transport of bulk solids, liquids and explosives by road, rail and sea.  SCC reported annual revenue of $187 million for FY13.

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