News Releases

Baker Botts Advises Conflicts Committee of Noble Midstream Partners LP in Acquisition by Chevron Corporation of Noble Midstream Partners LP

Release

Deal Description: On March 5, 2021, Chevron Corporation (NYSE: CVX) (“Chevron”) and Noble Midstream Partners LP (NASDAQ: NBLX) (“Noble Midstream”) announced that they have entered into a definitive merger agreement pursuant to which Chevron will acquire all of the outstanding publicly held common units representing the limited partner interests of Noble Midstream not already owned by Chevron and its affiliates (“NBLX Common Units”) in exchange for Chevron common stock.

Under the merger agreement, each outstanding NBLX Common Unit that Chevron does not already own will be converted into 0.1393 shares of Chevron common stock.

The terms of the transaction were negotiated, reviewed and approved by the Conflicts Committee of the Board of Directors of Noble Midstream’s general partner and by that Board of Directors.

Baker Botts L.L.P. represented the conflicts committee in the transaction.

For more information, please see NBLX’s news release here.

Baker Botts Lawyers/Office Involved:

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 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 technology, energy, and life sciences 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.

Related Professionals