Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
Shearman & Sterling advised Chevron Corp. (NYSE: CVX) on antitrust matters related to its agreement to acquire all of the outstanding shares of PDC Energy, Inc. (Nasdaq: PDCE)...
United States
Shearman & Sterling advised Chevron Corp. (NYSE: CVX) on
antitrust matters related to its agreement to acquire all of the
outstanding shares of PDC Energy, Inc. (Nasdaq: PDCE) in a
transaction valued at $6.3 billion or $72 per share. The total
enterprise value of the deal, including debt, is $7.6 billion.
The transaction was announced on May 22, 2023 in a press release.
PDC Energy is a domestic independent exploration and production
company that acquires, explores and develops properties for the
production of crude oil, natural gas and NGLs with operations in
the Wattenberg Field in Colorado and Delaware Basin in west Texas.
Chevron is one of the world's leading integrated energy
companies.
Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
