A Locke Lord team led by Jason Schumacher (Dallas) and Michael Blankenship (Houston) represented an affiliate of Cox Oil in the announced acquisition of all the outstanding shares of Energy XXI Gulf Coast, Inc. (EGC) common stock for $9.10 per fully diluted share in cash, approximately $322 million in total value. The deal is subject to customary closing conditions and is expected to close in the third quarter of 2018. For more information, please see the press release. Additional assistance was provided by Martin Gibson (Austin), Karl Fryzel and Jonathan Young (both of Boston), Julie Dziobak, Michael Conroy and Michael Kind (all of Chicago) James Bilton, Larry Ginsburg, Van Jolas, John McKnight, Kimberly Williams, Robin Shaughnessy, Soden Abraham, Henry Benton and Wade Gibson (all of Dallas), Ben Cowan, Ed Razim, Elizabeth Corey, Sarah Lozano, Emily Self, Ben Smolij and Sam Williams (all of Houston).
Posted July 6, 2018