Herbert Smith Freehills and Australian firm Thomson Geer are advising on Japanese beer maker Kirin Holdings’ $1.24 billion acquisition of Australian natural health firm Blackmores, according to a statement by the Australian Stock Exchange.
The takeover is done via a scheme implementation deed between the two companies. The Japanese brewer is offering AU$95 cash per share, a 23.7% premium to the stock’s last close, according to Nikkei.
