Bracewell Represents Financial Advisor to Conflicts Committee in Agreement for the Acquisition of Teekay Offshore Partners L.P.’s Publicly Held Common Units by Brookfield
HOUSTON – Bracewell LLP represented Evercore, financial advisor to the Conflicts Committee of the Board of Directors of Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (NYSE: TOO), regarding a definitive agreement and plan of merger with Brookfield Business Partners L.P. and certain of its affiliates and institutional partners (collectively, the Brookfield Consortium). The Brookfield Consortium will acquire by merger all of the outstanding publicly held common units representing limited partner interests of TOO (common units) not already held by the Brookfield Consortium in exchange for $1.55 in cash per common unit.
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Bracewell lawyers involved in this transaction included:
Partner: William S. Anderson
Associates: Benjamin J. Martin