Statoil Turns to Vinson & Elkins for Legal Counsel Over $ 4.4 Billion Deal
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.
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.
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