I wonder how long this old press release will stay live...

https://www.gotocourt.com.au/legal-news/gtc-legal-group-terminates-merger-agreement-with-af-legal/

GTC Legal Group Terminates Merger Agreement with AF Legal

Press Release
For Immediate Release

24 November 2022

GTC Legal Group Terminates Merger Agreement with AF Legal

GTC Legal Group (GTC or the Company), a privately held, leading legal services firm with a unique and diversified offering, yesterday terminated the proposed merger deal with ASX-listed law firm AF Legal Group Limited (ASX:AFL) (AFL or AF Legal), citing “information that has come to light that renders the transaction untenable”.

The proposed merger was intended to create one of the largest personal services legal firms in Australia via AFL’s acquisition of 100% of the issued share capital of GTC Legal Group Holdings Pty Ltd, the holding company of GTC’s suite of diversified legal services businesses. Further details of the proposed merger can be found in AFL’s ASX announcement dated 19 October 2022.

James Stevens, Managing Director of the GTC Legal Group, said:

“We are disappointed to have had to terminate our proposed merger with AF Legal. GTC was fully committed to progressing the transaction and were, until now, ready to complete what we had considered to be a merger of equals. Unfortunately, our assessment in the light of the accuracy of certain disclosures made to us by AFL is that we now believe the best course of action for our shareholders is to exercise our right to terminate.

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Enquiries:

James Stevens
Managing Director
+61 402 728 076
[email protected]