It was a busy winter in the energy patch. The sector saw the announcements of two significant asset sales and an $8.5 billion electric utility merger. (There was also one deal larger than the three described in this column. Schlumberger Limited’s agreement to acquire Smith International Inc. for $11.3 billion [Big Deals, April] was also the largest deal in the oil field services sector since the $18 billion merger of offshore oil drillers Transocean Inc. and GlobalSantaFe Corporation in 2007 [Big Deals, October 2007].) Advisers on the three next-largest recent energy deals follow.
FirstEnergy / Allegheny Energy
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