Baker Botts represents WorleyParsons in $3.2B acquisition of Jacobs Engineering Group Inc.’s ECR business
WorleyParsons Ltd. completed its previously announced acquisition of the energy, chemicals and resources division of Jacobs Engineering Group Inc. for $3.2 billion, consisting of $2.6 billion in cash, subject to adjustments for changes in working capital and certain other items, plus ordinary shares of WorleyParsons equal to $600 million.
As previously announced, at closing, Jacobs became the holder of approximately 11.1% of the combined WorleyParsons.
Baker Botts L.L.P. represented WorleyParsons in the acquisition
Outside Counsel to WorleyParsons: Baker Botts L.L.P.
Inside Counsel to Worley Parsons: Larry Kalban, Senior Vice President and General Counsel
Financial Advisor to WorleyParsons: UBS AG
Outside Counsel to Jacobs: Fried, Frank, Harris, Shriver & Jacobson LLP
Financial Advisors to Jacobs: Perella Weinberg Partners LP and Centerview Partners
Value: $3.2 billion in cash and stock
Comments