Stoll Keenon Ogden PLLC | Advertising Material

Stoll Keenon Ogden PLLC | Advertising Material

Kenneth R. Sagan

Work Highlights

Merger of Publicly Held Utility

Ken and Katharine represented Delta Natural Gas Company in its merger with an affiliate of Pennsylvania-based Peoples Natural Gas. Prior to merger, Delta’s enterprise value was approximately $270 million. Representation in the merger from inception through closing included:

  • Advising Delta’s Board of Directors on its fiduciary duties in the merger
  • Assisting in the engagement of investment bankers
  • Advising on a bid process as a market check
  • Preparing confidentiality and standstill agreements with bidders
  • Evaluating bids
  • Preparing and negotiating the definitive merger agreement
  • Preparing Delta’s proxy statement, shareholder materials, SEC filings and Forms 8k
  • Negotiating settlements of shareholder putative class action lawsuits filed after the merger was announced

Private Healthcare Company Change of Control

Ken represented a private healthcare company in the sale of a controlling interest to an investment fund. The company’s enterprise value at the time of the transaction was approximately $610 million.

Sale of Insurance Company

Ken represented a privately-held insurance company in a change of control transaction with a public company buyer.

University Public-Private Partnership

Ken represented a public university in a public-private partnership transaction for $150 million of student housing.