Deal Description: On July 25, 2022, Shell USA, Inc. (“Shell USA”) and Shell Midstream Partners, L.P. (NYSE: SHLX) announced a definitive agreement and plan of merger pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public (the “Public Common Units”) at $15.85 per Public Common Unit in cash for a total value of approximately $1.96 billion.
Baker Botts represented Shell USA, Inc.
Client: Shell USA, Inc.
In-House Counsel for Shell USA, Inc.: Stephanie Beauvais
Baker Botts Lawyers/Office Involved:
Corporate: Joshua Davidson (Partner, Houston); Jamie Yarbrough (Senior Associate, Houston); Parker Hinman (Associate, Houston); Chelsea Johnson (Associate, Houston)
Tax: Michael Bresson (Partner, Houston); Jared Meier (Senior Associate, Houston)
For more information, please see Shell USA’s and SHLX’s news release here.
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