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Baker Botts Represents Cactus, Inc. and Certain Selling Stockholders in $308 Million Public Secondary Offering of Class A Common Stock

Release

Deal Description: On March 21, 2019, Cactus, Inc. (NYSE: WHD) (“Cactus”) completed an underwritten public secondary offering (the “Offering”) of 8,500,000 shares of its Class A common stock by certain selling stockholders for total gross proceeds of $308.1 million. Cactus will not receive any of the proceeds from the Offering. Citigroup and Credit Suisse (the “Underwriters”) acted as joint book-running managers for the Offering.

Baker Botts represented Cactus and certain selling stockholders in the transaction.

Client: Cactus and certain of the selling stockholders

Outside Counsel to the Underwriters: Vinson & Elkins L.L.P.

Value: $308.1 million

Baker Botts Lawyers/Offices Involved:  

Corporate: Michael Rosenwasser (Partner; New York), Adorys Velazquez (Partner; New York), John Johnston (Special Counsel; New York), Ieuan List (Associate; Houston), Jonathan Kovacs (Associate; New York)

Tax: Don Lonczak (Partner; Washington D.C.), Michael Bresson (Partner; Houston)

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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