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Archaea Energy acquired by bp for approximately $4.1 billion

December 2022

Client(s) Archaea Management Team

Jones Day represented the management team and co-founders of Archaea Energy Inc., an industry-leading renewable natural gas ("RNG") company, in connection with Archaea’s acquisition by bp plc.

Archaea stockholders received approximately $26 per Archaea Class A and Class B share in cash, resulting in a total enterprise value of approximately $4.1 billion, including approximately $800 million of net debt. The cash consideration represents an approximately 38% premium to Archaea’s volume weighted average share price for the 30 days ending October 14, 2022.

Jones Day also represented the management team in connection with the negotiation of post-closing employment arrangements.

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