XTO Energy to Aquire Hunt Petroleum

July 07, 2008

XTO Energy Inc. is planning for the pending acquisition of Hunt Petroleum Corp. and related companies for about $4.2 billion in cash and stock.

Terms of the deal, announced on June 9, call for XTO to purchase all of the shares of the privately held Hunt companies for $2.6 billion in cash and 23.5 million shares of XTO Energy common stock valued at nearly $1.6 billion. The acquisition is scheduled to close by Sept. 3, subject to federal antitrust approval. 

The Haynes and Boone lawyers representing the boards of Hassie Hunt Exploration and Hassie Hunt Production include mergers-and-acquisitions partners Tom Harris and William Hays, securities partner W. Scott Wallace, and trusts and estates partner John Collins, all of Dallas, along with New York tax partner Kenneth Bezozo.

Excerpted from Texas Lawyer.  For full story, click here.

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