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)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 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.