Texas dealmaking slowed a bit last week, but continued the recent brisk tempo. Don’t be surprised if there is a significant uptick in the making. The recently released Dykema survey reveals remarkable optimism for M&A activity in the coming year. The Lawbook’s Claire Poole explains.
Baker Botts aids WorleyParsons on $3.3B purchase of energy, chemicals and resources segment from Jacobs
Jacobs Engineering Group Inc. of Dallas announced Monday that it agreed to sell its energy, chemicals and resources segment to Australia-traded WorleyParsons Ltd. for $3.3 billion. The move makes WorleyParsons the world’s biggest provider of professional services in energy and resources. Claire Poole explains.
Mergermarket Data : Texas M&A Transactions Continue To Churn
Mergers and acquisitions involving Texas companies continue to be upbeat, with third-quarter deal value up almost 70 percent over the second to $131.9 billion, according to Mergermarket data provided exclusively to The Texas Lawbook.
Oncor Acquires InfraREIT in $1.275B Deal
Texas’ largest electricity transmission and distribution company, Oncor Electric Delivery Co., announced Thursday that it was acquiring InfraREIT Inc. for $1.275 billion and four law firms in Texas helped make the deal go.
Latham Partners with Houston Restaurant Week and the Houston Food Bank
“Our office has a strong history with the Houston Food Bank and we were honored to partner with them and Houston Restaurant Weeks to help provide over 40,800 meals to those in need. The Houston Food Bank works tirelessly for our community and we are happy to be a small part of their success.” – Tim Fenn, Latham’s Houston Office Managing Partner
CDT Roundup: 18 Deals, 15 Law Firms, 131 Texas Lawyers, $18.39B
Texas had a decent week for dealmaking last week, both in volume and value. But in the larger market there are signs that things might be slowing down.
CDT Roundup: 29 Deals, 18 Law Firms, 104 Texas Lawyers, $3.149B
According to DrillingInfo, third quarter 2018 surged over the second with some of the highest U.S. gas and oil activity since late 2012. Get more insight and details of last week’s transactional activity in Claire Poole’s Corporate Deal Tracker Roundup in The Texas Lawbook.
Gibson, Kirkland Advise on $12B Rowan, Ensco Merger
Rowan Cos. of Houston and Ensco of London announced they would merge on Monday in an all-stock deal with an enterprise value of $12 billion, creating the largest offshore driller in the industry.
Now There Are Three: Kenya Woodruff to Join New Katten Hires
Katten has added a third name – Kenya Woodruff of Haynes and Boone – to the healthcare practice it has launched in its recently opened Dallas office, The Texas Lawbook has learned. The hiring is expected to be announced Friday, along with two other healthcare specialists whose defections to Katten were reported earlier in the week.
Katten Muchin Launches Healthcare Practice, Adds Two Partners in Dallas
Chicago-based Katten Muchin Rosenman is once again expanding its North Texas presence by launching a healthcare practice and hiring two prominent healthcare partners away from competitors to lead it. The Texas Lawbook has the details.