For a major project in the Oceania region, we were challenged to determine whether a proposed merger of a US oil and gas company and an Australian diversified group of companies made sense. In the due diligence phase of the project, we determined that there were financial misrepresentations of a significant extent which had not been previously disclosed. We advised the client to terminate the merger agreement, and in the end saved the US stockholders millions of dollars.
This work entailed significant work on the ground in Australia, and of course, excellent depth of experience in audit and valuation. The difficult nature of the work required tact, poise, finesse and of course, sharp negotiating skills because the information uncovered differed significantly from the resources provided in the initiation of discussions.