Latham & Watkins Advises ETP on US$5.3 Billion Sunoco Acquisition

Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco, Inc. (NYSE: SUN) have announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at US$50.13 per share, or a total consideration of approximately US$5.3 billion, based on ETP’s closing price on April 27, 2012. As detailed in the company news release, this combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint and strengthening its presence in the transportation, terminalling and logistics of crude oil, NGLs and refined products.

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Latham & Watkins Advises Suburban in Inergy Retail Propane Acquisition

Suburban Propane Partners, L.P. (NYSE: SPH), has announced a definitive agreement with Inergy, L.P., Inergy GP, LLC and Inergy Sales & Service, Inc.  to acquire the sole membership interest in and to Inergy Propane, LLC, now owned by Inergy, including certain wholly owned subsidiaries of Inergy Propane, LLC, and the assets of Inergy Sales.  Suburban is acquiring Inergy Propane for total consideration of approximately US$1.8 billion in stock and cash, as detailed in the company press release below.

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Morgan Lewis Draws Former FERC GC to Energy Practice in Houston

Morgan Lewis today announced that Charley Moore—a leading oil and gas litigation and regulatory practitioner who is a former General Counsel of the Federal Energy Regulatory Commission (FERC)—has joined the firm as a partner in its Energy Practice, resident in Houston. His practice encompasses state and federal court litigation, federal and state regulatory matters, and energy-related gas and power transactions.

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Paul Hastings Announces Opening of Houston Office and Addition of Leading Energy-Focused Transactional Partners

Paul Hastings LLP, a leading global law firm, announced today the opening of an office in Houston, Texas and the addition of three leading energy- focused transactional partners. The new lawyers all have prominent practices in the energy industry, which will advance the firm’s goal to build a leading energy practice. The launch of the office in Houston follows the recent announcement that the firm was the first U.S. law firm to submit preliminary applications to establish an office in South Korea.

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Oil & Gas Transactional Partner Joins Latham & Watkins in Houston

Latham & Watkins LLP is pleased to announce that Michael R. King has joined the firm as a partner in the Corporate Department of the Houston office. King primarily represents oil and gas companies in upstream transactional matters, particularly in regard to acquisitions and divestitures of oil and gas properties, as well as farm-ins and other joint ventures, operating agreements and related agreements. He also has extensive midstream experience, including transactions involving midstream joint ventures, gathering agreements, processing agreements and fractionation agreements. He joins from the Houston office of Morgan, Lewis & Bockius.

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