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,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.