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Paloma Partners to Acquire Goodrich Petroleum Corporation For Approximately $480 Million

Paloma Partners To Acquire Goodrich Petroleum Corporation For $23.00 Per Fully Diluted Share For A Total Of Approximately $480 Million, Including Assumption Of The Company's First Lien Debt Background Image

Vinson & Elkins advised Goodrich Petroleum Corporation in its entry into a definitive merger agreement with Paloma VI Merger Sub, Inc. pursuant to which a subsidiary of Paloma will commence on or before November 29, 2021 a tender offer to acquire all of Goodrich’s outstanding common shares for $23.00 per share in cash, for a total of approximately $480 million (including assumption of debt).

The V&E corporate team was led by partners Mike Telle and Benji Barron and associate David Bumgardner, with assistance from associates Danny Wicoff, Chandler Spinks and Jonathan Burks. Also advising were partners Jim Meyer and Wendy Salinas and senior associate Megan James; partner Shane Tucker, counsel Dario Mendoza and associate Matt Green; partner Devika Kornbacher and associate Marcus Martinez; partner Matt Dobbins and associate Austin Pierce; partner Darin Schultz, senior associate Zach Rider and associate Alex Moosariparambil; and partner Shay Kuperman and senior associate Cesar Leyva.

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