TEXAS' TOP DEALS OF 2003
May 5, 2004
[1] CAREMARK RX INC. Acquisition of ADVANCEPCS Description: Acquisition of AdvancePCS, of Irving, by Caremark RX Inc., of Birmingham, Ala., in deal valued at about $6 billion . Completed in March 2004. Counsel for Caremark: In-house; Jones Day; King Spalding; Davis Polk Wardwell, Dewey Bal-lantine;Burke, Warren, MacKay Serritella;Mor-ris, Nichols, Arsht Tunnell Counsel for AdvancePCS: In-house; Simpson Thacher Bartlett; Debevoise Plimpton; Cadwalader, Wickersham Taft; Skadden, Arps, Slate, Meagher Flom
[2] DEVON ENERGY CORP. Acquisition of OCEAN ENERGY INC. Description: Devon Energy Corp., of Oklahoma City, Okla., acquires Houston-based Ocean Energy Inc., in deal valued at about $5.3 billion. Completed in April. Counsel for Devon: In-house;Mayer, Brown, Rowe Maw; Morris, Nichols, Arsht Tunnell Counsel for Ocean: In-house; Vinson Elkins; Debevoise Plimpton
[3] ENTERPRISE PRODUCTS PARTNERS Merger with GULFTERRA ENERGY PARTNERS Description: Enterprise Products Partners of Houston to merge with GulfTerra Energy Partners, also based in Houston, in cash and stock deal valued at about $4.9 billion, including $1.7 billion in assumed debt. The dealcreates new partnership that retains the Enterprise name. Pending. Counsel for Enterprise: In-house;Vinson Elkins; Simpson Thacher Bartlett Counsel for GulfTerra: In-house; Akin Gump Strauss Hauer Feld; Dewey Ballantine Counsel for El Paso Corp., which owns majority interest in GulfTerra: In-house; Andrews Kurth
[4] FEDEX CORP. Acquisition of KINKO'S INC. Description: FedEx Corp., based in Memphis,acquires Dallas-based Kinko's Inc. for $2.4 billion in cash. Closed in February 2004. Counsel for FedEx: In-house;Davis Polk Wardwell; Latham Watkins Counsel for Kinko's: In-house; Debevoise Plimpton; Jones Day; Sullivan Cromwell
[5] SOUTHERN UNION CO. Acquisition of CMS PANHANDLE COMPANIES Description: Southern Union Co., of Wilkes-Barre, Pa., acquires Houston-based CMS Panhandle Companies from CMS Energy Corp., of Dearborn, Mich., in deal valued at about $1.8 billion. Completed in June. Counsel for CMS Panhandle: Dewey Ballantine; Skadden, Arps, Slate, Meagher Flom; Baker Botts Counsel for Southern Union: Sullivan Cromwell
[6] BERKSHIRE HATHAWAY INC. Acquisition of MCLANE CO. INC. Description: McLane Co. Inc., of Temple, is acquired by Warren Buffett's Berkshire Hathaway Inc., of Omaha, Neb., in deal valued at about $1.5 billion. McLane had been wholly owned subsidiary of Wal-Mart Stores Inc. Completed in May Counsel to McLane: Wachtell Lipton Rosen Katz
[7] USA INTERACTIVE Acquisition of HOTELS.COM Description: USA Interactive, of New York, acquires the shares of Dallas-based Hotels.com it didn't already own in stock-for-stock transaction valued at about $1.1 billion . Completed in June. Counsel for USA Interactive:In-house;Wachtell Lipton Rosen Katz. Counsel for Hotels.com :in-house; Sayles, Lidji & Werbner ; Akin Gump Strauss Hauer Feld; King Spalding
[8] LONE STAR FUNDS Acquisition of Majority Share of KOREA EXCHANGE BANK Description: Lone Star Funds, an investment firm based in Dallas, acquires 51 percent share in Korea Exchange Bank in deal valued at about $1.1 billion. Completed in October. Counsel for Lone Star Funds: Skadden, Arps, Slate, Meagher Flom; Kim Chang; Simmons Simmons; Minter Ellison Counsel for Korea Exchange Bank: Akin Gump Strauss Hauer Feld; Shin Kim; Bryan Cave
[9] ENERGY TRANSFER CO. Combines With HERITAGE PROPANE PARTNERS LP Description: Dallas' Energy Transfer Partners Co. combines operations with Heritage Propane Partners, of Tulsa, Okla., in dealvalued at about $980 million. Closed in January 2004. Counsel for Energy Transfer: Andrews Kurth; Mayer, Brown, Rose Maw Counsel for Heritage Propane: Latham Watkins
[10] TEXAS PACIFIC GROUP INC. Acquisition of KRATON POLYMERS GROUP OF COMPANIES Description: Texas Pacific Group, the private investment partnership in Fort Worth, acquires Houston's Kraton Polymers Group of Companies from Ripplewood Holdings, of New York, and other investors, in deal valued at $770 million. Closed in December. Counsel for Texas Pacific: Cleary, Gottlieb, Steen Hamilton; Latham Watkins Counsel for Kraton: Simpson Thacher Bartlett
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