Akin Gump Advises JPMorgan Chase in $2.2 Billion Public Offering of Anadarko Petroleum

Friday, October 21, 2016 - 23:49

Akin Gump represented JPMorgan Chase as sole underwriter in the public offering of 40,357,500 shares of common stock of Anadarko Petroleum Corporation that closed today. Total net proceeds of the offering to Anadarko were approximately $2.16 billion.

Net proceeds from the offering are expected to be used to fund Anadarko’s previously announced acquisition of deepwater Gulf of Mexico assets from an unaffiliated third party. Any remaining net proceeds will be used for general corporate purposes.

The Akin Gump team included oil and gas partner John Goodgame, corporate partner Alice Hsu, tax partner Alison Chen, and oil and gas associates Heather Ashour, Paul Monsour and Randy Santa Ana.