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Joele Frank is handling Chevron’s acquisition of Denver-based PDC Energy via an all-stock transaction valued at $6.3B.
The transaction adds 10 percent to Chevron’s proven reserves at a cost under $7 per barrel.
The transaction “enhances Chevron’s objective to safely deliver higher returns and lower carbon,” said CEO Mike Wirth.
PDC’s production sites are adjacent to Chevron’s fields in Colorado’s Denver Julesburg Basin and add to its holdings in the Permian Basin in Texas.
Joele Frank, Wilkinson Brimmer Katcher’s Andrew Siegel and Mahmoud Siddig represent PDC Energy.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
