With the acquisition Marathon will double its presence in the Eagle Ford Shale to become one of the top producers in the basin. The company anticipates a post-close dividend raise of 11 percent. Claire Poole reports.
CDT Roundup: 15 Deals, 9 Firms, 116 Lawyers, $7.8B
With blank check IPOs and de-SPAC mergers dwindling in number, the third quarter of 2022 may have spelled the most conclusive evidence yet that the SPAC track has peaked as a quick path to public trading for companies that covet a ticker symbol. Blame it on inflation or on the quality of the targets themselves, but according to Pitchbook SPACs have proved themselves unable to sustain the enthusiastic pricing they experienced just a year ago. The CDT Roundup has those details, as well as the names of the firms and Texas lawyers who reported transactions last week.
CDT Roundup: 20 Deals, 13 Firms, 253 Lawyers, $8.2B
Energy pricing may have rebounded to heights not seen in years, but that doesn’t mean that industry confidence hovers alongside. Haynes Boone’s latest borrowing base redetermination survey suggests that both lenders and borrowers expect current bases to remain flat — or even lower. This week’s CDT Roundup explores possible reasons for the current state of caution, along with the usual review of last week’s deals.
CDT Roundup: 9 Deals, 9 Firms, 139 Lawyers, $3B
Energy deals are holding their own these days, even if other sectors seem to be slacking. The third quarter topped $16 billion for upstream M&A nationwide, making it the best quarter of the year in that category, according to Enverus. Claire Poole provides some perspective for that market, along with deals for the week in all sectors.
Continental Resources Accepts Hamm’s Sweetened Bid to Take Company Private
The deal, valued at $4.3 billion, represents a 6 percent premium over the original offer reported in June. Closing is expected by the end of the fourth quarter and The Lawbook has the names of Texas lawyers involved.
CDT Roundup: 19 Deals, 12 Firms, 114 Lawyers, $2B
This week’s CDT Roundup looks at Rob Little whose twin contributions to this week’s deal lineup point up his steady stream of work with CenterOak Partners. They also lend themselves to the diversity of this week’s lineup: which includes sectors as varied as biopharmaceuticals and upstream O&G to funeral homes and satellites. Claire Poole has Little’s deals along with the usual roll call of lawyers involved in all of last week’s action.
CDT Roundup: 23 Deals, 16 Firms, 163 Lawyers, $5.5B
With almost two dozen truly diverse deals reported, it could have been difficult to pluck up a narrative thread for the week. But among them were three EV deals — that’s right, three — whose transactional histories seemed worth a closer look. The CDT Roundup has that, along with its usual parade of Texas lawyers who counseled on all those deals.
CDT Roundup: 18 Deals, 14 Firms, 216 Lawyers, $5.2B
Few lawyers are busier these days than Sameer Mohan at Morgan Lewis. With a couple of deals announced last week, the sheer breadth of his practice is worth pondering. Claire Poole takes a look at a sample of his recent transactions, as part of the usual CDT Roundup of Texas lawyers who announced their own deals last week.
Q&A with Devika Kornbacher: “Law helps you solve problems, engineering helps you build solutions”
The Texas Lawbook caught up with Devika Kornbacher last month when she left V&E after 15 years to join Clifford Chance as co-chair of the firm’s global technology group. In this interview, she talks about her upbringing, her time in the ministry and engineering, what inspired her to be a lawyer, what her mentor taught her and what she plans to accomplish at her new firm.
CDT Roundup: 21 Deals, 12 Firms, 320 Lawyers, $8.3B
A whopping 320 lawyers worked on deals reported during the last week. Among them was Justin Stolte who, along with other Latham lawyers has been on a roll of late. The CDT Roundup features a couple of his recent deals, along with a cinematic sweep of lawyers who advised during what turned out to be a very busy week.