BP Products North America Inc. completed the acquisition of Archaea Energy Inc. from a group of shareholders.
Adrian Doyle and Edward Manheimer of Morgan Stanley & Co. LLC is acting as financial adviser to BP and Jenny Hochenberg, Ethan Klingsberg, Nicole Foster, Joe Soltis, Mena Kaplan, Chris Lyon, Brock Dahl and Kyle Lakin of Freshfields Bruckhaus Deringer LLP as lead legal advisors to BP. Ben Lett, Bradley R. Hutchinson, Sergio Saffi Marques, Chris Dawkins, Sam Schaefer Ricardo Cuenca, Towson Remmel and Raymond Woods of BofA Securities acted as financial advisors and fairness opinion providers to Archaea and David B. Feirstein, Cyril V. Jones, Matthew R. Pacey, Lanchi D. Huynh, Stephen M. Jacobson, Jabir Yusoff, Michael Beinus, Vivek Ratnam and Steven Y. Li of Kirkland & Ellis LLP acted as Archaea's legal advisor. Dave Grubman and James Kitchen of Jones Day represented the management team and co-founders of Archaea Energy Inc. Continental Stock Transfer & Trust Company acted as transfer agent to Archaea. Archaea has retained D.F. King & Co., Inc. to solicit stockholder proxies at a total cost to the Company of approximately $17,500 plus reasonable expenses. The Company has agreed to pay BofA Securities for its services in connection with the Merger an aggregate fee of approximately $29.0 million, $2.5 million of which was payable upon the delivery of its opinion and the remaining portion of which is contingent upon the consummation of the Merger. BofA Securities, Inc. acted as due diligence provider to Archaea. Cleary Gottlieb Steen & Hamilton LLP represented BofA Securities, Inc. who acted as financial advisor to Archaea. Michael B. Bernstein and Justin Hedge of Arnold & Porter Kaye Scholer LLP acted as the legal advisor to BP.
BP Products North America Inc. completed the acquisition of Archaea Energy Inc. (NYSE:LFG) from a group of shareholders on December 28, 2022. The regulatory approval has been received for the transaction. With the close of the agreement, Archaea common shares will cease to be listed on the NYSE.