Vinson & Elkins Assists Oil States In $649M Buy

Law360, New York (October 15, 2010, 7:54 PM EDT) -- Oil States International Inc. said Friday it would pay up to AU$651 million ($648.6 million) for The MAC Services Group Ltd., allowing the oilfield services provider to expand its site accommodations business into Australia.

Oil States said it would pay AU$3.90 ($3.89) per share in cash for the outstanding ordinary stock of The MAC, a 16 percent premium over the closing price on Thursday and a 22 percent premium over the average of the closing prices from the last 30 days.

The MAC, headquartered in Sydney,...
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