Locke Lord represents Team in the Sugar Land company’s pending acquisition of Furmanite Corp. in a stock-for-stock transaction valued at about $335 million. Houston-based Furmanite is using lawyers from Wachtell, Lipton, Rosen & Katz of New York.
On Nov. 2, Team and Furmanite announced that the boards of both companies unanimously approved a definitive merger agreement for Team to acquire all outstanding shares of Fermanite for $335 million, including assumed debt. The transaction is pending approval from stockholders from both companies, regulatory approvals, expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.
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