Latham & Watkins Advises Nicor Inc. on $3.1 Billion Merger with Subsidiary of AGL Resources

December 7, 2010

AGL Resources and Nicor Inc. announced that the Boards of Directors of both companies have approved a definitive merger agreement to create a leading U.S. natural gas distribution company. Nicor will merge with a subsidiary of AGL Resources in a transaction with an enterprise value of $3.1 billion, including a total equity value of $2.4 billion. The combined entity will have an enterprise value of $8.6 billion. The companies expect to complete the transaction in the second half of 2011. Latham & Watkins LLP is representing Nicor Inc. in the transaction with a corporate team led by Chicago mergers and acquisitions partners Mark Gerstein and Richard Meller, with associate Timothy FitzSimons (FitzSimons has been elected to the partnership, effective January 1, 2011). Advice is also being provided by Chicago partners Robin Struve, Julie Marion, and David Shapiro on employee benefits, tax and real estate matters respectively; Chicago counsel Karl Karg on environmental matters; and New York partner Joshua Tinkelman on finance.

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