Skadden and Kirkland counseled Devon Energy and WPX in a $12 billion merger-of-equals. The new entity will build on developed and proven assets to become a “fixed plus dividend” investment vehicle. The Lawbook has the names of the lawyers who made it happen.
CDT Roundup: 14 Deals, 9 Firms, 101 Lawyers, $8.36B
The M&A deals announced last week were as diverse as they can get in a state generally perceived as all energy, all the time — or at least most of the time. But that diversification is part of both a Texas reality and a global trend. The CDT Roundup, with help from a couple of experts, explains.
CDT Roundup: 2 Weeks, 17 Deals, 8 Firms, 176 Lawyers, $9.6B
This week’s crop of deals are nothing if not diverse: a gold mining company, diapers, dried foods, luxury cars and RTD cocktails. The CDT Roundup breaks them down.
The Future of Bankruptcy? ‘More to Come,’ Panel Says
While energy bankruptcies are likely to continue, the airline industry may end up being the hardest hit, according to panelists participating in last week’s “Corporate Bankruptcy Fever” CLE. Moreover, the disruptions that have emerged from the COVID-19 pandemic are changing the paths and prospects for many more businesses in many different industries facing Chapter 11.
CDT Roundup: 11 Deals, 9 Firms, 94 Lawyers, $2.53B
Whether they are preparing to file or scrambling so they don’t have to, there are two traits that characterize most recent transactions in Texas: bankruptcy or the fear of bankruptcy. This is not hard to imagine in a state where bankruptcies have tripled over this time last year.
State Bar of Texas Disciplinary Actions
Summer disciplinary actions at the State Bar of Texas were scant. Activity reported include four suspensions and one request for reinstatement.
CDT Roundup: 18 Deals, 12 Firms, 140 Lawyers, $6.6B
Is the business of law business getting back to normal? Maybe. If the numbers over the last few weeks mean anything, things are both more and less normal. Willkie Farr’s Michael De Voe Piazza thinks it’s a trend worth noting. The CDT Roundup has the deals.
CDT Roundup: 14 Deals, 10 Firms, 97 Lawyers, $4.9B
Hating the term “New Normal”? Get used to it. As S&P Global Market Intelligence reports, it’s going to be a long road back. The CDT Roundup explains.
CDT Roundup: 12 Deals, 11 Firms, 112 Lawyers, $32.1B
Two sides to the coin. Two-edged sword. Yin and Yang. Pick your metaphor, but both pessimists and optimists will find succor in this week’s transactions. Allen Pusey explains.
CDT Roundup: 7 Deals, 8 Firms, 76 Lawyers, $5.3B
How hard has the coronavirus been on transactional activity from week to week? We decided to check the figures from March through July against the same time period during the two previous years. Here’s what we found.