The Midland-based seller plans to use the proceeds to buy back stock and pay down debt in an investor-friendly move.
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CDT Roundup: 5 Deals, 6 Firms, 50 Lawyers, $8.7B
Almost 75% of alternative investors think equity markets have hit their peak, up from 61% at the end of last year, according to Preqin, with most believing a correction is coming next year or beyond. Slower-than-usual deal flow – especially this past week – may be reflecting those worries, as Claire Poole reports.
Dallas Residential Mortgage Lending Attorney Jumps to Rival Boutique
Peter Idziak has landed at Polunsky Beitel Green, which has six lawyers and offices in Dallas and San Antonio.
Fifth Circuit’s Stewart Ends Term as Chief Judge: ‘It’s Been a Full Seven Years’
Carl Stewart’s term as chief judge of the New Orleans-based Fifth Circuit Court of Appeals expires at the end of September. In an exclusive interview with The Texas Lawbook, Judge Stewart looks back at seven tumultuous years, his plans for the future, the need to integrate five new appellate judges and what others say his legacy as the Fifth Circuit’s only African-American chief judge will be.
DBJ: SEC Settles with Dallas Digital Firm After Allegedly Defrauding Investors
The U.S. Securities and Exchange Commission has settled with a Dallas digital company for millions of dollars. The agency said it made the deal with Bitqyck Inc. and its founders, who allegedly
Institutions and Insurance After Texas Doubles Time Limit on Child Sex Abuse Claims
Texas recently extended the statute of limitations on civil claims alleging childhood sex abuse, and many of the largest institutions in the state have substantial litigation risks. Lauren Varnado and Robin Cohen of McKool Smith explain how Texas institutions facing these lawsuits can get the most out of their insurance coverage.
35 More Displaced Residents File Suit in Dallas Crane Accident Litigation
Nearly three dozen more residents of the Elan City Lights apartments in Dallas have sued Greystar and Bigge Crane and Rigging. They represent a segment of more than 500 displaced residents after a crane crashed into the complex during a severe Dallas storm. Natalie Posgate has the scoop.
V&E, Baker Botts counseling on $3B Blackstone offer for rest of Tallgrass Energy
Analysts think Blackstone’s take-private offer comes at an attractive valuation for Tallgrass’ shareholders given a challenging recontracting environment for its marquee assets.
Baker Botts, Kirkland Advise on BP Alaska Sale to Hilcorp for $5.6B
BP’s sale of its long-owned Alaska assets to Houston billionaire Jeffery Hildebrand will help it achieve its $10 billion divestment target and advance its strategic agenda.
CDT Roundup: 16 Deals, 14 Firms, 82 Lawyers, $10B
Oil and gas dealmaking expo NAPE saw fewer attendees last week, which many observers attribute to low commodity prices – and deal flow – that are hurting the industry. Claire Poole reports on that and what Texas deal lawyers have been working on.