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Joele Frank, Wilkinson Brimmer Katcher is counseling Anadarko Petroleum Corp, which today reopened negotiations with Occidental Petroleum on its revised $38B takeover bid.
The independent energy giant on April 11 accepted a bid from Chevron Corp., which eyes Anadarko’s shale holdings in the Permian Basin of Texas and New Mexico.
After consulting its financial and legal advisors, Anadarko’s board “unanimously determined” that OxyPete’s bid “could reasonably be expected to result in a superior proposal” to the Chevron offer, according to its statement.
Since there is no guarantee that a deal with OxyPete will be reached, the Chevron merger agreement remains in effect.
JFWBK’s Matthew Sherman, Dan Katcher, Scott Bisang and Matt Gross represent Anadarko.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
