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Arnold & Porter Advises Resolute Energy Corporation on Merger with Cimarex

December 10, 2018

Arnold & Porter advised Resolute Energy Corporation (Resolute), a Denver-based independent oil and gas exploration and production company with principal operations in the Permian Basin area of the US, in its definitive agreement to be acquired by Cimarex Energy Co. (Cimarex) in a cash and stock transaction valued at $35.00 per share, or a total transaction value of approximately $1.6 billion, including Resolute's long-term debt of $710 million, as of September 30, 2018.

Earlier this year, Arnold & Porter represented Resolute in responding to a group of activist shareholders seeking a combination of board representation and a strategic review process, preparing the company's communication strategy and proxy filings, counseling the Board of Directors, and negotiating and finalizing the settlement and standstill agreement.

The Arnold & Porter team included Corporate & Finance attorneys Ron Levine, Edward Deibert, Heather Ashour and Sarah Wilhelm; Tax attorneys Ben Berk and Will Needle; Executive Compensation attorneys Jeffrey London, Brian Witkowski and Kathryn Geoffroy; Antitrust attorney Justin Hedge; and Environmental attorneys Matthew Douglas and Sarah Grey.

The deal was announced on November 19, 2018. Read the full press release here.