Mayer Brown Reps Ellora Energy In $695M Sale

Law360, New York (July 21, 2010, 3:52 PM EDT) -- Ellora Energy Inc. has entered into a deal in which an undisclosed buyer will acquire the oil and gas company for $695 million in cash, on the heels of Ellora's $247 million sale of assets in Colorado and Kansas.

Boulder, Colo.-based Ellora announced the sale Tuesday, saying its stockholders will receive a base consideration of $695 million in cash and that $35 million will be placed in escrow under the terms of the agreement.

The company said that after certain adjustments are made it expected the...
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