Cabot Oil & Gas’s Merger With Cimarex Energy

Baker Botts L.L.P. served as legal counsel to Cabot, while Wachtell, Lipton, Rosen & Katz served as legal counsel to Cimarex on the deal.

Cabot Oil & Gas Corporation (NYSE: COG) and Cimarex Energy Co. (NYSE: XEC) have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. Under the terms of the agreement, Cimarex shareholders will receive 4.0146 shares of Cabot common stock for each share of Cimarex common stock owned, reflecting an enterprise value for the combined companies of approximately $17 billion.

Upon completion of the transaction, Cabot shareholders will own approximately 49.5% and Cimarex shareholders will own approximately 50.5% on a fully diluted basis.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States.

Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S.

J.P. Morgan Securities LLC served as financial advisor to Cabot. Tudor, Pickering, Holt & Co. served as financial advisor to Cimarex.

Wachtell Lipton’s team advising Cimarex was led by Partners Daniel A. Neff (Picture) and Zachary S. Podolsky and consists of Alon B. Harish, Associate, J. Heath Mayo, Associate (Corporate), Nelson O. Fitts, Partner (Antitrust), Erica E. Bonnett, Partner, Amanda K. Toy, Associate (Executive Compensation and Benefits), John R. Sobolewski, Partner, Stephanie A. Marshak, Associate (Finance), T. Eiko Stange, Partner, and Alexandra M. Ferrara, Associate (Tax).

The Baker Botts team included: Ted Paris (Partner, Houston), Clint Rancher (Partner, Houston), Eileen Boyce (Special Counsel, Houston), Jonathan Kovacs (Associate, Houston), Rob Cowan (Associate, Houston), Michael Mazidi (Associate, Houston), Craig Vogelsang (Partner, Houston), Gerry Morton (Special Counsel, Houston) and Casey Polivka (Associate, Houston), Mark Bodron (Partner, Houston), Gabriela Alvarez (Associate, Houston), Derek Green (Partner, Houston), Jon Lobb (Partner, Houston), Griffin Peeples (Associate, Houston) and Andrew Thomison (Partner, Houston).

Involved fees earner: Gabriela Alvarez – Baker Botts LLP; Mark Bodron – Baker Botts LLP; Eileen Boyce – Baker Botts LLP; Robert Cowan – Baker Botts LLP; Derek Green – Baker Botts LLP; Jonathan Kovacs – Baker Botts LLP; Jon Lobb – Baker Botts LLP; Gerry Morton – Baker Botts LLP; Theodore Paris – Baker Botts LLP; Griffin Peeples – Baker Botts LLP; Casey Polivka – Baker Botts LLP; Clint Rancher – Baker Botts LLP; Andrew Thomison – Baker Botts LLP; Craig Vogelsang – Baker Botts LLP; Erica Bonnett – Wachtell, Lipton, Rosen & Katz; Alexandra Ferrara – Wachtell, Lipton, Rosen & Katz; Nelson Fitts – Wachtell, Lipton, Rosen & Katz; Alon Harish – Wachtell, Lipton, Rosen & Katz; Stephanie Marshak – Wachtell, Lipton, Rosen & Katz; Heath Mayo – Wachtell, Lipton, Rosen & Katz; Daniel Neff – Wachtell, Lipton, Rosen & Katz; Zachary Podolsky – Wachtell, Lipton, Rosen & Katz; John Sobolewski – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz; Amanda Toy – Wachtell, Lipton, Rosen & Katz;

Law Firms: Baker Botts LLP; Wachtell, Lipton, Rosen & Katz;

Clients: Cabot Oil & Gas Corporation; Cimarex Energy Co.;

Author: Martina Bellini

Cabot Oil & Gas’s Merger With Cimarex Energy

Baker Botts L.L.P. served as legal counsel to Cabot, while Wachtell, Lipton, Rosen & Katz served as legal counsel to Cimarex on the deal.

Cabot Oil & Gas Corporation (NYSE: COG) and Cimarex Energy Co. (NYSE: XEC) have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. Under the terms of the agreement, Cimarex shareholders will receive 4.0146 shares of Cabot common stock for each share of Cimarex common stock owned, reflecting an enterprise value for the combined companies of approximately $17 billion.

Upon completion of the transaction, Cabot shareholders will own approximately 49.5% and Cimarex shareholders will own approximately 50.5% on a fully diluted basis.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States.

Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S.

J.P. Morgan Securities LLC served as financial advisor to Cabot. Tudor, Pickering, Holt & Co. served as financial advisor to Cimarex.

Wachtell Lipton’s team advising Cimarex was led by Partners Daniel A. Neff (Picture) and Zachary S. Podolsky and consists of Alon B. Harish, Associate, J. Heath Mayo, Associate (Corporate), Nelson O. Fitts, Partner (Antitrust), Erica E. Bonnett, Partner, Amanda K. Toy, Associate (Executive Compensation and Benefits), John R. Sobolewski, Partner, Stephanie A. Marshak, Associate (Finance), T. Eiko Stange, Partner, and Alexandra M. Ferrara, Associate (Tax).

The Baker Botts team included: Ted Paris (Partner, Houston), Clint Rancher (Partner, Houston), Eileen Boyce (Special Counsel, Houston), Jonathan Kovacs (Associate, Houston), Rob Cowan (Associate, Houston), Michael Mazidi (Associate, Houston), Craig Vogelsang (Partner, Houston), Gerry Morton (Special Counsel, Houston) and Casey Polivka (Associate, Houston), Mark Bodron (Partner, Houston), Gabriela Alvarez (Associate, Houston), Derek Green (Partner, Houston), Jon Lobb (Partner, Houston), Griffin Peeples (Associate, Houston) and Andrew Thomison (Partner, Houston).

Involved fees earner: Gabriela Alvarez – Baker Botts LLP; Mark Bodron – Baker Botts LLP; Eileen Boyce – Baker Botts LLP; Robert Cowan – Baker Botts LLP; Derek Green – Baker Botts LLP; Jonathan Kovacs – Baker Botts LLP; Jon Lobb – Baker Botts LLP; Gerry Morton – Baker Botts LLP; Theodore Paris – Baker Botts LLP; Griffin Peeples – Baker Botts LLP; Casey Polivka – Baker Botts LLP; Clint Rancher – Baker Botts LLP; Andrew Thomison – Baker Botts LLP; Craig Vogelsang – Baker Botts LLP; Erica Bonnett – Wachtell, Lipton, Rosen & Katz; Alexandra Ferrara – Wachtell, Lipton, Rosen & Katz; Nelson Fitts – Wachtell, Lipton, Rosen & Katz; Alon Harish – Wachtell, Lipton, Rosen & Katz; Stephanie Marshak – Wachtell, Lipton, Rosen & Katz; Heath Mayo – Wachtell, Lipton, Rosen & Katz; Daniel Neff – Wachtell, Lipton, Rosen & Katz; Zachary Podolsky – Wachtell, Lipton, Rosen & Katz; John Sobolewski – Wachtell, Lipton, Rosen & Katz; Eiko Stange – Wachtell, Lipton, Rosen & Katz; Amanda Toy – Wachtell, Lipton, Rosen & Katz;

Law Firms: Baker Botts LLP; Wachtell, Lipton, Rosen & Katz;

Clients: Cabot Oil & Gas Corporation; Cimarex Energy Co.;

Author: Martina Bellini