HOUSTON, November 3, 2014 -- Joshua Davidson, partner and head of the master limited partnership practice at Baker Botts in Houston has been selected as The American Lawyer’s “Dealmaker of the Week” for his work in representing the conflicts committee of Williams Partners L.P. in its US $50 billion merger with fellow master limited partnership Access Midstream Partners L.P., announced Oct. 26.
Pipeline operator Williams Companies Inc. - owner of controlling interests in master limited partnerships Williams Partners and Access Midstream - announced that the two MLPs have agreed to merge in a deal valued at US $50 billion that is expected to close by early 2015.
“What is unusual about this deal is that it is a merger of two MLPs under the common control of one company,” said Davidson when interviewed about the deal. “It will be one of the biggest MLPs.”
The massive merger amends the details of a tentative agreement between the parties that was reached as part of an earlier, nearly US $6 billion acquisition by the Williams Companies of a controlling interest in Access Midstream on June 15. Under the amended agreement, Williams Co’s. is expected to own about 353.3 million Access Midstream common units, which would represent about 58.8 percent of the limited partner interest in the merged MLP.
Davidson also represented the conflicts committee of KMP and special committee of Kinder Morgan Management (KMR) in the US $70 billion purchase of KMP, KMR and El Paso Pipeline Partners by Kinder Morgan Inc. in August.
To read the entire American Lawyer article, please click here.
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