Kirkland & Ellis counseled Devon Energy Corp. (NYSE: DVN) on a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022.
The Kirkland team was led by corporate partners David Castro Jr., Rahul Vashi, and associates Will Eiland, Jonathan Strom, Skyler Sikes, James Murphy, Mitch Holliman and Clayton Hart; corporate partners Rami Totari and Kevin Crews; tax partner Mark Dundon; environmental transactions partner Jon Kidwell; debt finance partner Jordan Roberts; and capital markets partner Michael Rigdon.
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