Akin Gump Advises Rose Rock Midstream in Sale to SemGroup
(Houston) – SemGroup Corporation and Rose Rock Midstream today announced an agreement under which SemGroup will acquire all of the outstanding common units of Rose Rock not already owned by SemGroup in an all stock-for-unit transaction at a ratio of 0.8136 SemGroup common shares per Rose Rock common unit. Subject to customary approvals and conditions, the transaction is expected to close in the third quarter of the year.
Akin Gump served as legal advisor to the conflicts committee of the general partner of Rose Rock. The Akin Gump team was led by oil and gas partner and Houston partner in charge Christine LaFollette. She was joined by oil and gas senior counsel Christopher Arntzen and associates Paul Monsour and Michelle Zavislan. Tax work was handled by partners Alison Chen and Thomas Weir.
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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