Best M&A Deal For 2008 Awarded To Jones Day Client

Tuesday, June 30, 2009 - 00:00

The acquisition of Hunt Petroleum Corporation by XTO Energy, Inc. has been awarded Oil and Gas Investor magazine's Best M&A Deal award for 2008. The magazine presented the award to XTO President Vaughn Vennerberg in a ceremony at the Intercontinental Hotel in Houston.

A team of Jones Day M&A, Energy, and Tax lawyers in the firm's New York, Dallas, and Washington offices advised Hunt Petroleum in connection with a process initiated by Hunt that resulted in the company's merger with an affiliate of XTO for aggregate consideration of approximately $4.2 billion in cash and XTO common stock. The transaction team included Robert Profusek, Kathleen McLaurin, Randi Lesnick, Candace Ridgway, and George Manning.

The Oil and Gas Investor Excellence Awards honor commitment to quality and innovation in the following areas of the oil and gas industry - acquisitions, financing, exploration, field rejuvenation, investor relations, executive management, and corporate citizenship.

Ivo Posluschny has joined Jones Day's Munich Office as a partner with Stefan Schneider and Dr. Human Behforouzi as associates. They were formerly with Kirkland & Ellis. "My team and I are excited to join the Private Equity practice of Jones Day, which even in difficult market conditions is playing a leading role in the private equity market," said Mr. Posluschny.

Mr. Posluschny, along with his team, is the fourth lateral hire in the Munich office this year. Partner Christian Paul and associate Andreas Zeller recently joined the patent litigation practice, Olaf Benning joined the Business Restructuring & Reorganization Practice as of counsel from Weil, Gotshal & Manges, and Christopher Mader joined the Private Equity Practice as an associate from Skadden, Arps, Slate, Meagher & Flom.