Industrials | Corporate Finance Advisory

Magellan Petroleum Tender Defense

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