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New data shows that M&A activity in Texas in has declined four consecutive quarters, but the deals that are getting done are twice as big and significantly more complex. Corporate lawyers and investment bankers now predict energy M&A could remain stagnant or plunge even more over the next year.

“This market is just brutal,” says Deliotte’s William Snyder. “There’s going to be prolonged pain.”

The Texas Lawbook’s Corporate Deal Tracker has every merger, acquisition and JV handled by Texas lawyers in 2015.

Houston-based Targa Resources Corp. has agreed to purchase its limited partnership, Targa Resources Partners (TRP), in an all-stock transaction valued at approximately $6.7 billion.

Houston-based Targa Resources Corp. has agreed to purchase its limited partnership, Targa Resources Partners (TRP), in an all-stock transaction valued at approximately $6.7 billion.

A team of Norton Rose Fulbright lawyers led by Brett Govett scored a take-nothing verdict late last week in Texas’s Eastern District for a patent infringement case involving reflective insulation products.

The Dallas offices of Jones Day and Vinson & Elkins were lead advisers in the two largest acquisitions of the week. Bridgestone Retail Operations selected M&A partners Scott Cohen and Alain Dermarkar of Jones Day to handle its $835 million purchase of Pep Boys. BlueScope Steel Ltd. chose Vinson & Elkins partners Robert Kimball and Marc Rose to advise it in its $720 million acquisition of Cargill’s 50 percent ownership of North Star BlueScope Steel.

The Dallas offices of Jones Day and Vinson & Elkins were lead advisers in the two largest acquisitions of the week. Bridgestone Retail Operations selected M&A partners Scott Cohen and Alain Dermarkar of Jones Day to handle its $835 million purchase of Pep Boys. BlueScope Steel Ltd. chose Vinson & Elkins partners Robert Kimball and Marc Rose to advise it in its $720 million acquisition of Cargill’s 50 percent ownership of North Star BlueScope Steel.

Baker Botts is sending prominent Dallas real estate partner Pat Stanton west to open the firm’s new office in San Francisco. Stanton has been the partner-in-charge of Baker Botts’ Dallas office since 2012. Litigation partner Timothy Durst will assume Stanton’s duties. This article has full details of Baker Botts’ decision to open its second outpost in California.