Australia Acquisition Inks $350M Asset Deal To Join Harbinger

Law360, New York (July 11, 2012, 9:24 PM EDT) -- Australia Acquisition Corp. will buy $350 million worth of assets, including a resort development company and an iron ore producer, from Harbinger Capital Partners LLC in a deal that will unite them to form a new holding company focused on emerging markets, the companies said Wednesday.

AAC will be acquiring a majority interest in Asian Coast Development Canada Ltd., an international hotel and resort development company that focuses on Vietnam, the companies said in a statement. It will also get a minority interest in Ferrous Resources...
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