Anadarko in $4 Billion Asset Sale and MLP Simplification
November 8, 2018
Cleary Gottlieb is representing Goldman Sachs as financial advisor to the board of directors of Anadarko Petroleum Corp. (APC) in the sale of all of APC’s remaining midstream assets for $4.02 billion to Western Gas Partners (WES), with $2.01 billion cash proceeds and the balance to be paid in new Western Gas equity.
Concurrently, WES announced it has entered into a merger agreement with Western Gas Equity Partners, which will result in a simplified midstream structure.
For more information, please see the official press release here.