Ohio-based MPLX and its sponsor, Marathon Petroleum Corporation announced Monday their plans to purchase Denver-based master limited partnership, MarkWest Energy Partners. The companies say the transaction, which is valued at $20 billion and includes about $4 billion of debt, will create the fourth-largest MLP based on a market capitalization of $21 billion.
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Andrews Kurth and Baker Botts Advise in $1.2 Billion Worth of Deals
In the past week, the two Houston-based law firms have been involved in oil and gas deals that combined are worth more than $1 billion.
Addison Pizzeria Owner Ordered to Pay $21.4 Million to Sexual Assault Victim – Corrected
Exactly 1,536 days ago, a 49-year-old owner of a popular Addison pizza shop sexually assaulted an 18-year-old waitress in a nearby Addison hotel. The attacker caused the teenager to suffer severe emotional and physical anguish and gave her herpes.
M&A Plummets in Texas during H1 2015
Corporate mergers and acquisitions involving Texas-based companies plummeted 28 percent during the first six months of the year compared to the same period in 2014. Texas businesses participated in 357 mergers, acquisitions, divestitures and joint ventures with a total deal value of $123.3 billion in 2015, compared to 498 such deals valued at $158 billion last year, reports Mergermarket, which produced the data exclusively for The Texas Lawbook.
“Deal-making across nearly all business sectors – health care, technology, industrial, manufacturing and even restaurants – is strong and active,” said Rick Lacher, managing director of the Dallas office of investment bank Houlihan Lokey. “Everybody in our office is busy – not hair-on-fire busy like last year but very active.”
M&A Plummets in Texas during H1 2015
Corporate mergers and acquisitions involving Texas-based companies plummeted 28 percent during the first six months of the year compared to the same period in 2014. Texas businesses participated in 357 mergers, acquisitions, divestitures and joint ventures with a total deal value of $123.3 billion in 2015, compared to 498 such deals valued at $158 billion last year, reports Mergermarket, which produced the data exclusively for The Texas Lawbook.
“Deal-making across nearly all business sectors – health care, technology, industrial, manufacturing and even restaurants – is strong and active,” said Rick Lacher, managing director of the Dallas office of investment bank Houlihan Lokey. “Everybody in our office is busy – not hair-on-fire busy like last year but very active.”
St. Mary Cemetery Lawsuit Goes to Trial
Testimony began Wednesday in the long-simmering St. Mary Cemetery dispute in which plaintiffs allege a landowner desecrated a portion of the historic African-American cemetery in rural Ellis County in order to carve out more cropland.
Winstead Partner Sargon Daniel in the Boxing Ring: Get Fit without being Hit
Ask a few average persons-on-the-street what they associate with boxing, and the answers would likely include Muhammad Ali’s legendary “I Am The Greatest” declaration, or fictional Rocky Balboa’s stance on the steps of the Philadelphia Museum of Art, or even the recent “fight of the century” in which Floyd Mayweather Jr. defeated Manny Pacquiano.
But not corporate lawyer Sargon Daniel, who would tell them that boxing is misunderstood. “It’s like the law,” he says. “When faced with different issues, we have to know how to react on our feet.”
TX Supreme Court Expands State’s Reputation for Economic Freedom
The Texas Supreme Court, using the state constitution and a case involving eyebrow threaders, expanded the rights of Texans to be free of “unreasonably burdensome” economic regulations. In adopting a new standard of review for measuring business regulations, lawyers involved in the case say the court delivered a ruling to match the state’s vaunted reputation as a frontier of economic freedom.
My Summer Vacation, 800 Years in the Making
The Magna Carta is one of the most influential and important documents in the history of the written word. Traveling nine hours to celebrate a legal document signed eight centuries ago might not be everyone’s idea of a perfect vacation. There was no place I would rather have been. It was a once-in-a-lifetime honor that my family and I will never forget.
Exclusive: EFH Bankruptcy Fees Top $230 million
Energy Future Holdings is spending more than $600,000 a day – including weekends and holidays – in legal and financial advisory fees and expenses as part of its restructuring efforts in federal bankruptcy court, putting the case on track to be one of the costliest bankruptcies in U.S. history.
Since filing for reorganization under Chapter 11 in April 2014, lawyers and financial advisers have charged EFH $230 million through June 1. More than 50 lawyers, including 29 from Kirkland, are charging EFH more than $1,000 an hour.