HighMount proves sellable for Loews

摘要

New York-based Loews Corp. (NYSE: L), will sell HighMount Exploration & Production LLC to EnerVest Ltd., Houston, a private-equity firm. Barclays Plc and RBC Richardson Barr advised Loews on the deal, which is expected to be completed by the end of December. Price was not disclosed. Loews purchased HighMount in 2007 for about $4 billion.