© 2017 The Texas Lawbook.
By Candace Carlisle of the Dallas Business Journal
(Aug. 4) – Global engineering firm Jacobs Engineering Group Inc. (NYSE: JEC) has decided to buy one of its rivals — Denver-based CH2M HILL Companies Ltd. — in a deal valued at $3.27 billion, which will give the Dallas-based firm a much-needed foothold in the United Kingdom.
The deal comes on the heels of rumors circulating that Jacobs was considering the acquisition, but was also weighing some of CH2M’s outstanding liabilities. In the deal, Jacobs will acquire all the outstanding shares of CH2M in a cash and stock deal valued at $3.27 billion, which includes about $416 million of debt.
No Texas-based lawyers were seemingly on the deal for Jacobs – not even its general counsel, Michael Tyler, who, according to his LinkedIn page, is based in California. Jacobs hired lawyers from New York firms Fried, Frank, Harris, Shriver & Jacobson and Wachtell, Lipton, Rosen & Katz to handle its end of the transaction.
CH2M hired California-based attorneys at Latham & Watkins and the Delaware firm, Richards, Layton & Finger to negotiate its end of the transaction.
Jacobs’ financial advisors were Perella Weinberg Partners and Morgan Stanley. CH2M’s were BofA Merrill Lynch and Credit Suisse.
Read the DBJ’s full article here to learn more details about the deal.
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