News Releases

Baker Botts Represents WorleyParsons Ltd. in $3.3 Billion Acquisition of Jacobs Engineering Group Inc.’s ECR Business

Release

Deal Description: October 22, 2018 – WorleyParsons Ltd. (ASX: WOR) (“WorleyParsons”) has agreed to acquire the energy, construction and resources business segment of Jacobs Engineering Group Inc. (NYSE: JEC) (“Jacobs”) for $3.3 billion, consisting of $2.6 billion in cash, subject to adjustments for changes in working capital and certain other items, plus ordinary shares of WorleyParsons equal to $700 million (the “Transaction”). The Transaction is expected to close in the first half of calendar year 2019, subject to customary closing conditions.

Baker Botts L.L.P. represented WorleyParsons in the acquisition.

Baker Botts Lawyers/Office Involved: 

Corporate: Efren Acosta (Partner, Houston); Laura Katherine Mann (Senior Associate, Houston); Katie Belleville (Associate, Houston); Steven Lackey (Associate, Houston); Sunil Jamal (Associate, Houston); Ieuan List (Associate, Houston)

Antitrust: Tom Fina (Partner, Washington); David Cardwell (Counsel, Brussels); Roxanne Tonnelier (Associate, Brussels); Tom Carter (Associate, Washington)

International Trade: Paul Luther (Partner, Washington); Jason Wilcox (Senior Associate, Washington)

Tax: Ron Scharnberg (Partner, Houston); Peter Farrell (Associate, Washington)

Employee Benefits: Chris Pratt (Special Counsel, Houston)

Intellectual Property: Robinson Vu (Partner, Houston); Steve Maule (Associate, Houston)

 

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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