Ovintiv Exits Anadarko with $3B Sale of Assets
Latham and Kirkland advised on the deal, which helps pay down Ovintiv's debt from two recent purchases in Canada's Montney Shale, as well as their considerable holdings in the Permian Basin.
Pacific General Electric Acquires 3 Electric Plants in Washington for $1.9B
The acquisitions include one natural gas powered plant and two wind-driven generation facilities. The company said it signed contracts with data centers in late 2025 and early 2026 for 430MW of generated power. Latham & Watkins and Simpson Thacher advised the parties.
Tariff to Trillion: Texas Deal Lawyers Had a Blockbuster Year (and Hardly Saw It Coming)
It didn't feel like it at the time, but 2025 turned out to be a blockbuster year for M&A lawyers in Texas. The Lone Star State may no longer be matching national trends in M&A; it could be surpassing them. A good year elsewhere was a great year in Texas, regardless of the small print. Put simply, there were more deals made for more money (lots more) than we anticipated, and The Texas Lawbook’s Corporate Deal Tracker has the exclusive details.
Saltchuk Takes Great Lakes Dredge & Dock Private for $1.2B Cash
Privately held Seattle freight transportation, marine service and energy distribution conglomerate Saltchuk said Wednesday that it has agreed to acquire Houston-based Great Lakes Dredge & Dock Corp. for about $1.2 billion cash. Sidley Austin advised Great Lakes and its CLO Vivienne Schiffer, while Fried Frank represented Saltchuk.
Clear Channel to be Sold to Mubadala-led Investors in $6.2B Take-private Deal
Under the deal, Clear Channel, the world's largest out-of-home advertising company would stay in San Antonio, led by former TelevisaUnivision CEO Wade Davis. Kirkland and Freshfields advised.
Transocean Acquires Valaris for $5.8B, Creating Deepwater Drilling Behemoth
Transocean announced Monday it has acquired Valaris Ltd. for about $5.8 billion in an all-stock transaction that creates an offshore drilling behemoth with 33 ultra-deepwater drillships, nine semisubmersibles and 31 modern jackups. Skadden advised Valaris with a team led by Eric Otness in Houston and Stephen Arcano and Max Troper in New York. Davor Vukadin is GC at Valaris, and Brady Long is Transocean's chief legal officer.
A&O Shearman, DLA Piper Advise on $7.5B Semiconductor Deal
DLA Piper and A&O Shearman advised on the deal whose announcement triggered a run-up on Nasdaq for Silicon Labs stock.
Dallas Dealmaker Co-Leads Earth-Shattering $1.25T SpaceX Merger
Texas-based SpaceX has acquired xAI to scale their combined operations “to make a sentient sun to understand the universe and extend the light of consciousness to the stars” in a record-setting transaction. In what would be the largest merger of all time, the deal was co-led by a Dallas lawyer from Gibson Dunn.
