OMERS $1.438 billion acquisition of BridgeTex Pipeline

23/8/2018

Private acquisition

Value:

$ 1.483 billion

Status:

Announced

Date:

23/8/2018

Overview:

OMERS has entered into a definitive agreement with Plains All American Pipeline and Magellan Midstream Partners under which the first will acquire a 50% stake in BridgeTex Pipeline.
Jefferies acted as financial adviser to OMERS, while Barclays acted as financial adviser for Plains All American Pipeline.
The deal is expected to close in the fourth quarter of 2018.

Daniel Semerdzhiev - Data analyst

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Sidley Austin

Party: OMERS (Acquirer)

Lawyers: Christopher Barbuto, Cliff Vrielink

Vinson & Elkins

Party: Plains All American Pipeline (Seller)

Lawyers: David Wicklund, Douglas Bland

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