AltaGas Ltd.’s $6.4 Billion acquisition of WGL Holdings, Inc.’s

Kirkland & Ellis LLP represented WGL Holdings, Inc. (NYSE: WGL), which announced today it reached a definitive agreement and plan of merger to be acquired by AltaGas Ltd. (TSX: ALA) in an all-cash transaction for approximately $6.4 billion in cash.

The boards of directors of WGL and AltaGas have unanimously approved the transaction, which is expected to close in the second quarter of 2018. AltaGas is a leading North American diversified energy infrastructure company with a focus on natural gas, power and regulated utilities. WGL will now be part of a new business entity that is approximately double its current size with a broader and complementary set of energy businesses.

The Kirkland team was led by corporate partners George Stamas (Picture), Andrew Calder and Alexander Fine, and included corporate partner Veronica Nunn and associate Justin Roland, debt finance partner Melissa Hutson and associate Suhan Shim, executive compensation partner Scott Price and associate Kate Coverdale, employee benefits partner Matthew Antinossi and associate Joseph Lifsics, labor and employment partner Tim Stephenson, tax partners Dean Shulman and Vincent Thorn and associate Hayden Bui, environmental transactions partner Christian Semonsen, technology and IP transactions partner Lisa Samenfeld and associate Zara Ohiorhenuan and real estate partner Jennifer Sheehan.

 

Involved fees earner: George Stamas – Kirkland & Ellis; Andrew Calder – Kirkland & Ellis; Alexander Fine – Kirkland & Ellis; Veronica Nunn – Kirkland & Ellis; Justin Roland – Kirkland & Ellis; Melissa Hutson – Kirkland & Ellis; Suhan Shim – Kirkland & Ellis; Scott Price – Kirkland & Ellis; Katherine Coverdale – Kirkland & Ellis; Matthew Antinossi – Kirkland & Ellis; Joseph Lifsics – Kirkland & Ellis; Tim Stephenson – Kirkland & Ellis; Dean Shulman – Kirkland & Ellis; Vincent Thorn – Kirkland & Ellis; Hayden Bui – Kirkland & Ellis; Christian Semonsen – Kirkland & Ellis; Lisa Samenfeld – Kirkland & Ellis; Zara Ohiorhenuan – Kirkland & Ellis; Jennifer Sheehan – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: WGL Holdings Inc.;

 

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Author: Ambrogio Visconti