Latham & Watkins represents Anadarko Petroleum Corp. in The Woodlands company’s pending purchase of Gulf of Mexico assets from Freeport-McMoRan Oil & Gas for $2 billion. Freeport-McMoRan turned to Wachtell, Lipton, Rosen & Katz for advice on the deal.
On Sept. 12, Anadarko and Phoenix-based Freeport-McMoRan announced a definitive agreement for Anadarko to acquire the deepwater Gulf of Mexico assets from Freeport-McMoRan Oil & Gas, a Houston-based subsidiary of Freeport-McMoRan. Anadarko will pay $2 billion in cash and up to $150 million in contingent payments over time.
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