Akin Gump Advises JPMorgan Chase in $2.2 Billion Public Offering of Anadarko Petroleum
(New York) – Akin Gump represented JPMorgan Chase as sole underwriter in the public offering of 40,357,500 shares of common stock of Anadarko Petroleum Corporation that closed today. Total net proceeds of the offering to Anadarko were approximately $2.16 billion.
Net proceeds from the offering are expected to be used to fund Anadarko’s previously announced acquisition of deepwater Gulf of Mexico assets from an unaffiliated third party. Any remaining net proceeds will be used for general corporate purposes.
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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