Bryan Flannery is the fourth corporate partner lateral recruit to Akin’s Houston office over the last two months. He has advised on multiple billion-dollar deals this quarter.
Dallas Dealmaker John Willding Jumps to Stinson
In a Q&A with The Lawbook, Willding describes recent deals he has handled, elaborates on a “significant pickup” in middle-market M&A deals, and identifies other trends he is observing
CDT Roundup: 12 Deals, 11 Firms, 147 Lawyers, $34.5B
The ongoing once-in-a-generation wave of oil & gas consolidation has gained serious momentum, as witnessed by the $22.5 billion merger agreement reached last week between ConocoPhillips and Marathon Oil. What’s driving it? The Roundup’s Claire Poole tops off her weekly summary of Texas-related dealmaking with a roundup of factors behind the recent proliferation of big energy deals, and takes a bonus look at the prospect that they could lead to more.
Waste Management Picks up Stericycle for $7.2B
The garbage giant tapped Vinson & Elkins and Baker Botts and the target used Latham & Watkins. The deal is expected to broaden the scope of the Houston-based buyer’s service offerings.
Wachtell, Kirkland Lead $22.5B Deal Between ConocoPhillips, Marathon
ConocoPhillips has agreed to acquire Marathon Oil for $22.5 billion in an all-stock deal, which includes $5.4 billion of net debt and offers Marathon shareholders a 14.7% premium. The merger is expected to generate $500 million in savings in its first year and significantly boost ConocoPhillips’ U.S. onshore portfolio. Pending regulatory approval, the deal is anticipated to close in the fourth quarter, furthering the consolidation trend in the energy sector as companies seek to enhance reserves and cut operating costs.