Akin Gump Advises Conflicts Committee in $230M Westmoreland Acquisition
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(Houston) – Westmoreland Coal Company and Westmoreland Resource Partners, announced today that WMLP has agreed to acquire 100 percent of the outstanding equity interests in Westmoreland Kemmerer LLC, which owns and operates the Kemmerer Mine in Wyoming. Upon closing of the transaction, Westmoreland will receive $135 million of cash, $20 million of WMLP common units, and $75 million of new WMLP Class A convertible units.
A team from Akin Gump advised the conflicts committee of the board of directors of WMLP on the deal. The team was led by Houston oil and gas partner John Goodgame and oil and gas senior counsel Chris Arntzen and included tax partners Alison Chen and Thomas Weir and oil and gas associate Cy Jones.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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