Deal Description: April 26, 2019 – WorleyParsons Ltd. (ASX: WOR) (“WorleyParsons”) completed its previously announced acquisition of the energy, chemicals and resources division of Jacobs Engineering Group Inc. (NYSE: JEC) (“Jacobs”) 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
Baker Botts Lawyers/Office Involved:
Antitrust: Tom Fina (Partner, Washington); David Cardwell (Counsel, Brussels); Michael Bodosky (Special Counsel, Washington); Sofia Doudountsaki (Associate, Brussels); Roxanne Tonnelier (Associate, Brussels); Tom Carter (Associate, Washington); Steven Pet (Associate, Washington)
Employee Benefits: Chris Pratt (Special Counsel, Houston)
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