C&J Energy Services, the Houston oil field services company that saw its $2.8B merger with Nabors Industries blocked by a Delaware court last week, is relying on Abernathy MacGregor Group for PR counsel.
C&J is eying tax savings in the deal with Bermuda-based Nabors, announced in June.
Delaware chancery judge John Noble on Nov. 24 ruled that C&J's board did not adequately shop the company after shareholders sued to block the deal. The court ordered C&J directors who would not serve on the board post-merger to solicit potential buyers over the next 30 days for a deal rivaling the Nabors transaction.
C&J has engaged Morgan Stanley to handle the solicitation of potential buyers.
C&J is appealing the chancery court ruling to the Delaware Supreme Court.
Abernathy M&A chief Tom Johnson and SVP Luke Barrett in New York are advising C&J and speaking for the company. Executive VP Glen Orr, based in Houston for Abernathy, is also engaged.
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