Texas lawyers are playing a role in the all-stock merger of Houston’s Cadence Bancorp. and Tupelo, Mississippi’s BancorpSouth Bank valued at more than $6 billion.
CDT: 18 Deals, 10 Firms, 151 Lawyers, $19.5B
Consolidation is taking over legacy energy transactions. That’s not only expected, but maybe necessary given the restructuring that’s taking place in the industry itself. But however inevitable, it also has to be profitable; stockholders demand it. And that’s becoming the crux of the problem in energy deals. The CDT explains the dilemma, along with the usual inventory of last week’s deals.
Energy Transaction Lawyers Shift to Akin Gump
Akin Gump has added two transaction lawyers that previously held leadership roles at Thompson & Knight and have deep ties to North Texas’ energy community.
Brittany Scheier – Dealmaker, Stroke Survivor and ‘A Real Woman’
Brittany Scheier was weeks away from graduating from UT Law and starting a career in Big Law three years ago when she suffered two severe strokes, causing brutal pain, a 30% loss of vision and paralysis on her right side. Quit? Scheier worked on last month’s Noble Corp.’s acquisition of Pacific Drilling and five other M&A deals valued $1 billion or more. The story of what happened between March 4, 2018 and today is extraordinary. The American Heart Association thinks so, too.
The (Approximate) Weeklong Whirlwind Behind Pioneer’s Plan to Purchase DoublePoint Energy
A publicly traded company, some of the most in-demand assets in the Permian Basin, and a little more than a week to move from an indication of interest to a purchase agreement: Those are just some of the variables in Pioneer’s $6.4 billion plans to purchase DoublePoint Energy. Gibson Dunn’s Mike Darden, who advised Pioneer, detailed the timeline and more in an interview with The Texas Lawbook.
Wilson Sonsini’s New Austin Partner Bolsters Emerging Growth Companies Offering
The Palo Alto firm’s new Texas teammate previously helped lead Shearman & Sterling’s entrance into the market in 2018.
Pioneer to Purchase DoublePoint Energy in Bolt-on Play
Pioneer Natural Resources is once again strengthening its hold in the Permian Basin with the $6.4 billion acquisition of a Fort Worth-based company.
CDT Roundup: 27 Deals, 15 Firms, 244 Lawyers, $13.9B
Last week the CDT Roundup predicted an uptick in deals. The week provided far more than a tick, however, recording the most deals in a single week since 2018 and the most lawyers involved — well, ever. CDT Roundup has the details.