Notable Mergers and Acquisitions of the Day 11/23: (KKR) (OII)

• An investor group consisting of Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR), Natural Gas Partners, Crestview Partners and Itochu Corporation, together comprising “the Investor Group,” today announced the signing of a definitive agreement to acquire Samson Investment Company, for $7.2 billion.
  
  Under the terms of the agreement, the Investor Group will acquire all of Samson’s assets with the exception of its onshore Gulf Coast and offshore deep water Gulf of Mexico assets, which will continue to be owned by the Schusterman family.
  
  
  Upon completing the sale, David Adams will be named CEO of Samson and the company will be renamed Samson Resources.
  
  The agreement is subject to regulatory approval and customary closing conditions and is expected to be completed by the end of Q411.
  
  Bank of America Merrill Lynch; Barclays Capital, Inc; BMO Capital Markets; Citigroup Global Capital Markets, Inc; Credit Suisse; RBC Capital Markets; Tudor, Pickering, Holt & Co. LLC; and Wells Fargo Securities, LLC acted as financial advisors to KKR, NGP and Crestview.
  
  Mizuho and Evercore Partners acted as financial advisor to Itochu Corporation.
  
  Jefferies & Company, Inc. acted as financial advisor to Samson in connection with the sale of Samson.
  
  Simpson Thacher & Bartlett LLP served as legal counsel to the Investor Group and the Dallas office of Jones Day served as legal counsel to Samson.
  
  
• After the market closed Tuesday, Oceaneering Internationa (NYSE: OII) said that its wholly owned Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire AGR Field Operations (AGR FO) from AGR Group ASA (Oslo: AGR) and FieldCo Invest AS. AGR FO, headquartered in Bergen, Norway, is a provider of inspection, maintenance, subsea engineering, and field operations services, principally to the oil and gas industry.
  
  The acquisition price is expected to be approximately $240 million, or 1.365 billion Norwegian Kroner, including acquired debt. The transaction is anticipated to close by the end of 2011, subject to approval by the Norwegian Competition Authority, which is expected. Oceaneering intends to fund the acquisition with cash and debt from its revolving credit facility.

To keep up on all the Mergers & Acquisitions data in real-time, go to our new Mergers and Acquisitions Central page.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• FirstEnergy Corp. (FE) PT Raised to $35 at BofA Securities
• Korro Bio (KRRO) Announces $70M Placement
• Midday movers: Travelers, JB Hunt fall; United Airlines rises