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Endeavor Energy explores sale for as much as $30bn.
Macy's investors mount $5.8bn buyout bid. (FS)
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Oxy , an American company engaged in hydrocarbon exploration, agreed to acquire CrownRock Minerals, LP , a Midland-based oil and gas producer, for $12bn.
"We believe the acquisition of CrownRock's assets adds to the strongest and most differentiated portfolio that Occidental has ever had. We found CrownRock to be a strategic fit, giving us the opportunity to build scale in the Midland Basin and positioning us to drive value creation for our shareholders with immediate free cash flow accretion. We are excited about combining CrownRock's high-performing team into our organization and expect to continue Occidental's exceptional operational and financial results for years to come," Vicki Hollub, Occidental President and CEO.
CrownRock is advised by 高盛 , Tudor, Pickering, Holt & Co. Securities, Inc. and Vinson & Elkins (led by Steve Gill and?Robert Kimball). Occidental is advised by 美国银行 , Latham & Watkins (led by?John Greer and Bill Finnegan ) and 博然思维集团 .
Investcorp, a global alternative asset manager, completed the acquisition of a 50% stake in Infrastructure Business of Corsair Capital, a global alternative investment firm. Financial terms were not disclosed.
“This investment enhances our strategic capabilities in the global infrastructure sector. We recognize Investcorp Corsair’s potential as a driving force for economic growth. Our new partnership with Corsair also underscores our dedication to delivering value to our stakeholders and advancing Investcorp’s long-range plan,” Mohammed Alardhi, Investcorp Executive Chairman.
Sigma Healthcare , an Australian, ASX-listed company with a focus on the pharmacy industry, agreed to merge with Chemist Warehouse , a pharmacy company, in a $5.8bn deal.
"The Proposed Merger is a step-change event for Sigma. With Sigma having had a commercial relationship with CWG and its founders spanning more than 40 years, we are excited by the efficiencies, synergies and growth opportunities that we anticipate being unlocked through the merger of the two complementary businesses. The combined group will have extensive capabilities and expertise to benefit franchisees and customers, including through more brand choice, products and services and expanded marketing capabilities," Michael Sammells, Sigma Chairman.
Chemist Warehouse is advised by Oaktower Partnership , Rothschild & Co and Herbert Smith Freehills (led by Michael Ziegelaar and Natalie Bryce ). Sigma is advised by 高盛 , HMC CAPITAL , Gilbert + Tobin , Bluedot Media (led by Steve Dabkowski) and Domestique (led by Jim Kelly).
Endeavor Energy explores sale for as much as $30bn.
Endeavor Energy Resources, LP , the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25bn and $30bn,?Bloomberg?reported.
The Midland, Texas-based company founded by Autry Stephens has enlisted JP Morgan to launch a sale process in the first quarter of 2024.
Macy's investors mount $5.8bn buyout bid. (FS)
An investor group consisting of Arkhouse Management and Brigade Capital made a $5.8bn offer to take department store chain Macy's private,?Reuters?reported.
Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, LP , a global asset manager, submitted a proposal to acquire the Macy's stock they don't already own for $21 a share on December 1.
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