SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Chevron Buys Operating Interest in Kitimat Gas Project

The deal comes on the heels of several M&A transactions in the energy sector

Chevron Corp. (NYSE: CVX) will acquire a 50 percent operating interest in the Kitimat liquefied natural gas project and proposed Pacific Trail Pipeline for an undisclosed amount.

San Ramon, Calif.-based Chevron will acquire the interest through its Canadian subsidiary, Chevron Canada Ltd., which will also acquire a 50 percent interest in about 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia.

The other half of the project will be owned by Apache Corp.

The deal, which is subject to regulatory review, comes on the heels of many other deals in the energy sector. Private equity firm First Reserve Corp. closed its Ameriforge Group Inc. purchase on Dec. 21, Rosneft paid $56 billion for a Russian oil company and Spectra Energy Corp. (NYSE: SE) paid $1.49 billion for a pipeline system. 

For more on energy M&A, see Mergers & Acquisitions' Special Report: Energy M&A on Fire in December

 

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