CDT Roundup: 14 Deals, 9 Firms, 173 Lawyers, $21.4B
The third quarter of 2020 ended last week, not with a bang, but with increased volume of work for Texas lawyers. The CDT Roundup reports that the deals for the week had heft.
Mergermarket Q3: Value Up, Deal Count Up. And Down.
The Q3 Mergermarket numbers are in. Deals were also up. But also down from last year. Total value was up. But both are well below average and rate poorly against the last 14 years. Allen Pusey has the numbers.
LyondellBasell, Sasol Form $2B J/V in Louisiana; Kirkland, Latham Advise
In a move to reduce debt and consolidate operations, chemical giant Sasol has sold a 50% interest in some of its Louisiana operations to LyondellBasell. Texas lawyers from Kirkland and Latham had a big part in the $2 billion deal.
State Bar Discipline: 3 Disbarments, 1 Resignation, 7 Suspensions
The State Bar of Texas reported its actions regarding lawyer discipline finalized and reported during September.
CDT Roundup: 10 Deals, 8 Firms, 93 Lawyers, $12.8B
The big deal last week was the $7 billion sale of a 42% stake in Houston's Cheniere Energy. Sure, it was a big deal; but as the CDT Roundup notes, it also marks a major inflection point for U.S. LNG exports which didn't even exist 15 years ago.
Sidley Advises Safe Harbor Marinas in $2.1B Sale
Dallas-based Safe Harbor Marinas, a nationwide member-network of boating marinas was acquired Tuesday by Sun Communities, a REIT specializing in mobile home and RV communities. The Lawbook has the names of the lawyers involved.
Skadden, Kirkland, V&E Advise on $12B Merger of Devon Energy and WPX
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.