Four Decades for Justice
May 15, 2023
On May 12, 2023, AngloGold Ashanti, an independent, global gold mining company, announced that it has undertaken a comprehensive review of its domicile and listing structure and concluded that the most appropriate structure for AngloGold Ashanti Group is a UK corporate domicile with a U.S. primary listing on the New York Stock Exchange (“NYSE”) and secondary listings on the Johannesburg Stock Exchange (“JSE”) and A2X Markets (“A2X”) in South Africa and on the Ghana Stock Exchange (“GhSE”) in Ghana. Cravath is representing AngloGold Ashanti as U.S. counsel in connection with this matter.
The Cravath team is led by partner George A. Stephanakis and includes European counsel Virginie Marier and associates Emma C. Ireland, Maurice Temming, Solomon A. Akesseh, Mayssa Khattar, Erika T.J. Carter, Kristina B. Klem and Apollonia Persianis on M&A matters; partner Christopher K. Fargo on tax matters; partner Matthew J. Bobby, practice area attorney Courtnii Lamar and associates Jana I. Hymowitz and Chris S. Moon on executive compensation and benefits matters; partners Michael L. Arnold and Kimberley S. Drexler and associate Zachary B. Ramirez-Brunner on corporate governance matters; and senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters. Tristan Baylor also worked on tax matters.
Deals & Cases
September 15, 2021
On September 13, 2021, AngloGold Ashanti Limited (“AngloGold Ashanti”), an independent, global gold mining company, and Corvus Gold Inc. (“Corvus”), a North American gold exploration and development company, announced that they have entered into a definitive arrangement agreement pursuant to which AngloGold Ashanti has agreed to acquire the remaining 80.5% of common shares of Corvus not already owned by AngloGold Ashanti at a total transaction cost of approximately US$370 million in cash. The transaction implies a total equity value for all Corvus common shares and outstanding options to acquire Corvus common shares of approximately US$450 million. Cravath acted as U.S. counsel to AngloGold Ashanti in connection with the transaction.
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