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Erin Hopkins, a veteran energy transactions partner at Baker Botts, is moving to the Houston office of Paul Hastings, his new law firm announced Tuesday. Hopkins brings with him 15 years of experience in energy and renewables transactions.
Texas has made bold moves in its efforts to attract corporations by implementing one of the most sweeping sets of reforms to its corporate law. The Texas Business Organizations Code positions the Lone Star State as an increasingly attractive option for the state of incorporation. This article highlights the key points that corporate lawyers need to know about recent changes to the TBOC.
Commercial Metals Co. said Thursday that it agreed to acquire Foley Products Co. for $1.84 billion in cash. Based outside Atlanta, Foley provides precast concrete and pipe products primarily in the Southeast, operating 18 facilities in nine states. The company’s products are used in drainage, water management, dry utility, and road construction across residential, non-residential and infrastructure sectors.
The Artificial Intelligence Infrastructure Partnership — the consortium founded about a year ago by BlackRock, Abu Dhabi-based MGX, Microsoft and NVIDIA to expand capacity of AI infrastructure — announced on Oct. 15 the acquisition of Aligned Data Centers from funds managed by Australia’s Macquarie Asset Management.
The companies said the deal, which values Plano-based Aligned Data Centers at $40 billion, will fuel the expansion of next-generation cloud and AI infrastructure.
Sterlington, Latham & Watkins and Kirkland & Ellis advised on the deal.
The week that ended Oct. 11 saw 14 deals reported with a total value of $17.4 billion, nearly two-thirds of which was attributable to Fifth Third Bancorp acquiring Comerica in a stock swap valued at $10.9 billion. It was a bit of a drop-off from the 21 deals valued at $20.8 billion for the week prior and less in volume but better in value than the 22 deals valued at $8.4 billion this time last year.
That and more in this week's CDT Roundup.
Vinson & Elkins advised ARM Energy Holdings on the decision, which will link Texas gas fields with Sempra's Port Arthur LNG Phase 2 project on the Texas Gulf Coast.
Wachtell and Sullivan & Cromwell advised on the deal, which positions Fifth Third as a major presence in 17 of the fastest-growing banking markets in the country.
The week that ended Oct. 4 saw 21 deals reported with a total value of $20.8 billion with a few billion-dollar transactions, including one that may be the final deal for the Oracle of Omaha. Elsewhere, Texas bank consolidations continue as Prosperity Bank acquires Texas Partners to expand further into San Antonio, Austin and The Hill Country.
That and more in this edition of CDT Roundup.
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