Ashurst advises in A$397m offer
Ashurst has advised Macquarie Capital (Australia) Limited (MCAL) and UBS AG, Australia Branch (UBS) in a fully underwritten offer to raise approximately A$397 million by the DUET Group.
DUET, an ASX-listed owner of energy utility assets in Australia, announced an accelerated non-renounceable pro-rata entitlement offer (Entitlement Offer) of 1 new stapled security for every 8 existing stapled securities (New Stapled Securities) at an offer price of $2.39 per New Stapled Security, to raise approximately $397 million.