Q3 M&A in Texas: A Meh Meal
Q3 M&A was a middling experience for dealmakers — in almost every respect. There were highlights, but not enough of them. Allen Pusey has the numbers. The good news: it could have been worse. In fact, it has been.
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.
Diamondback Expands in Midland Basin with $1.6B Acquisition from FireBird
With the deal for cash and stock, Midland-based Diamondback expects to increase productive assets by 68,000 acres and 17 million barrels per day in their "backyard." The Lawbook has details, including the firms and many of the 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.
Talos Energy Acquires EnVen Energy for $1.1B
The cash-and-stock deal doubles the Talos presence in the Gulf of Mexico, adding 40% in production and substantial deepwater infrastructure in its current operational areas. Vinson & Elkins was involved, along with Gibson Dunn. The Lawbook has the names of the lawyers who advised.
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.
Key Items for Associates to Consider in a Public M&A Transaction
This article goes behind the scenes of a merger earlier this year involving a Richardson-based digital signage company from the vantage point of an associate.
CDT Roundup: 15 Deals, 10 Firms, 126 Lawyers, $20B
Climate change pressures on utilities and their resources may have long-term significance for investors; but they also represent shorter-term opportunities, even in a complicated investment environment. For example, there were four major upstream/midstream energy deals last week — including the three largest transactions — that accounted for more than $15 billion and were led by Texas-based lawyers. Claire Poole has the rationale for near-term optimism, along with the Roundup's usual review of all of last week's reported transactions.
CapM in Texas Struggled in H1 2022, H2 Not Looking Good So Far
A sticky stock market and lingering fears of inflation depressed capital markets transactions during the first half of 2022. But it may be premature to project the same fate for the second half of the year, according to Texas dealmakers. The Texas Lawbook explains.
