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Statoil turns to Vinson & Elkins for legal counsel over $ 4.4 billion deal

published October 18, 2011

By Author - LawCrossing
Published By
( 4 votes, average: 4.2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
10/18/11

Statoil turns to Vinson & Elkins for legal counsel over $ 4.4 billion deal
Statoil, Norwegian Energy Company, has plans to take over Austin, Texas–based Brigham Exploration. The deal of $4.4 billion cash was announced on Monday. This deal is Statoil's strategy of expanding grip in various unconventional energy resources. Vinson & Elkins is appointed as the legal adviser to Statoil. The firm will provide counseling to Statoil on the transaction. Vinson & Elkins energy partner John Connally and M&A partner Jeffery Floyd is directing the team. Thompson & Knight will be providing legal counseling to Brigham for the deal that values Brigham stock 36 percent premium above its average trading price over the past 30 days.

published October 18, 2011

By Author - LawCrossing
( 4 votes, average: 4.2 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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