Skadden, Baker Botts and two very different types of energy deals

Last week was one of fancy footwork in the global M&A market, with a couple of mega-deals from across the pond hogging the limelight.

Natalie Stanton

First up, Kinder Morgan . The energy giant announced its intention to gobble up its subsidiaries for $44bn in cash and stock and $27bn in debt. The idea is that Kinder Morgan, North America’s largest midstream energy company, will make substantial savings after tidying up its structure.

Law firms including Baker Botts , Weil Gotshal & Manges and Vinson & Elkins picked up mandates on the huge transaction – the biggest energy merger since ExxonMobil 12 years ago.

Meanwhile, Skadden Arps Slate Meagher & Flom was busy advising all-American Coca-Cola on its $2.15bn asset swap with energy drink business Monster. Under the terms of the deal, Coca-Cola will scoop up Monster’s non-energy drinks businesses, while Monster will expand its energy drinks empire to include the likes of Coke’s NOS and Burn.

Cleary stepped up to advise Coca-Cola, while Jones Day and Schulte Roth & Zabel were instructed by Monster on the deal.

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