Cadence and BancorpSouth to Merge with Aid from Counsel in Dallas, Houston
Texas lawyers are playing a role in the all-stock merger of Houston's Cadence Bancorp. and Tupelo, Mississippi's BancorpSouth Bank valued at more than $6 billion.
Energy Reports: Producers to Eye More Debt; Hedging, Optimism Increase
Things may be looking up – if only slightly – as producers, lenders, private equity firms and others chime in on the state of borrowing bases and more as part of Haynes and Boone's semi-annual energy reports.
CDT: 18 Deals, 10 Firms, 151 Lawyers, $19.5B
Consolidation is taking over legacy energy transactions. That's not only expected, but maybe necessary given the restructuring that's taking place in the industry itself. But however inevitable, it also has to be profitable; stockholders demand it. And that's becoming the crux of the problem in energy deals. The CDT explains the dilemma, along with the usual inventory of last week's deals.
Brittany Scheier – Dealmaker, Stroke Survivor and ‘A Real Woman’
Brittany Scheier was weeks away from graduating from UT Law and starting a career in Big Law three years ago when she suffered two severe strokes, causing brutal pain, a 30% loss of vision and paralysis on her right side. Quit? Scheier worked on last month's Noble Corp.'s acquisition of Pacific Drilling and five other M&A deals valued $1 billion or more. The story of what happened between March 4, 2018 and today is extraordinary. The American Heart Association thinks so, too.
The (Approximate) Weeklong Whirlwind Behind Pioneer’s Plan to Purchase DoublePoint Energy
A publicly traded company, some of the most in-demand assets in the Permian Basin, and a little more than a week to move from an indication of interest to a purchase agreement: Those are just some of the variables in Pioneer's $6.4 billion plans to purchase DoublePoint Energy. Gibson Dunn's Mike Darden, who advised Pioneer, detailed the timeline and more in an interview with The Texas Lawbook.
Pioneer to Purchase DoublePoint Energy in Bolt-on Play
Pioneer Natural Resources is once again strengthening its hold in the Permian Basin with the $6.4 billion acquisition of a Fort Worth-based company.
CDT Roundup: 27 Deals, 15 Firms, 244 Lawyers, $13.9B
Last week the CDT Roundup predicted an uptick in deals. The week provided far more than a tick, however, recording the most deals in a single week since 2018 and the most lawyers involved — well, ever. CDT Roundup has the details.
CDT Roundup: 11 Deals, 4 Firms, 102 Lawyers, $2.1B
An informal survey of Texas dealmakers has revealed lots of optimism about the next 12 months. And they mostly depend on a single factor: dry powder. There is lots of it. Record amounts of it: VC money. PE money. Family money. All dressed up and looking for places to go. That combined with potential policy changes in Washington. CDT Roundup has that and last week's transactions.
Texas Lawbook Expands M&A Coverage with New Deal Writer
The Texas Lawbook is pleased to announce that Anna Butler, former director of operations for Patterson Thoma Family Office and former Dallas Business Journal managing editor, has joined our news team to lead our corporate transactions coverage. As this article states, Anna will take The Lawbook's deal coverage to the next level.
CDT Roundup: 24 Deals; 10 Firms, 196 Lawyers, $13.6B
Last December we reported on a $2 billion-plus merger agreement between Diamondback Energy and QEP Resources. The all-stock deal seemed like a good deal for both sides, since it included Diamondback's assumption of $1.6 billion. But a major stockholder at QEP is having second thoughts, and their thinking is yet another sign that things are getting better. The CDT Roundup has the details of their concerns, as well as details of all 24 transactions.