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Magellan Petroleum Tender Defense
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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) |
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SAGASCO Holdings Ltd. of Australia launched an unsolicited tender offer to acquire Magellan Petroleum Corp. |
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Magellan retained TM Capital as financial advisor to assist in its defense against this unsolicited offer |
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TM Capital assisted Magellan in its successful defense, which resulted in the withdrawal of SAGASCO's unsolicited tender offer |
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