Mergers & Acquisitions

  • July 1, 2016

    Honeywell Inks $1.5B Deal For Warehouse Automation Co.

    Honeywell said Friday that it has agreed to buy supply chain and warehouse automation company Intelligrated for $1.5 billion in cash from affiliates of investment firm Permira, which received guidance from Skadden Arps Slate Meagher & Flom LLP.

  • July 1, 2016

    Daimler Buys Rabobank's Euro Fleet Car Unit For $1.2B

    Mercedes Benz parent company Daimler AG said Friday it has reached a deal to buy fleet management company Athlon Car Lease International BV from a subsidiary of Dutch bank Rabobank in a $1.2 billion deal that narrows the gap between its fleet services and leasing operation and that of competitor BMW AG.

  • June 30, 2016

    Del. Court Tosses $1.2B Philips-Volcano Merger Suit

    A shareholder group challenge to Philips Holding USA Inc.'s $1.2 billion purchase of medical device maker Volcano Corp. fell to a dismissal order Thursday, with a Delaware vice chancellor declaring that a solid tender-offer ratification gave the 2015 deal business judgment protection.

  • June 30, 2016

    News Corp Inks $293M Deal For UK's Top Sports Radio Outlet

    The U.K. subsidiary of News Corp. said Thursday it will buy the parent company of British radio giant talkSPORT Ltd. in a $293 million deal that folds the radio and digital audio broadcast partner of the English Premier League into billionaire Rupert Murdoch’s sprawling media empire.

  • June 30, 2016

    Chancery Fast-Tracks Koch Case That Could Spur Oxbow Sale

    A Delaware chancery judge agreed Thursday to fast-track a dispute over William I. Koch's Oxbow Carbon LLC and whether minority investor Crestview Partners LP is looking to oust him to force a sale, setting a trial for as early as November.

  • June 30, 2016

    Sen. Warren Calls On Gov't To Step Up Antitrust Action

    Sen. Elizabeth Warren called on the federal government Wednesday to step up its efforts to encourage competition in the American economy, saying the growing concentration of market power among fewer companies will stifle innovation and hurt consumers and small businesses.

  • June 30, 2016

    The 5 Largest PE Funds In The 1st Half Of 2016

    With the help of some of the world's top law firms, the total value of private equity funds that closed in the first half of 2016 dwarfed last year's total for the same period, besting it by $40 billion. Here, Law360 counts down the five largest private equity funds that closed over the last six months.

  • June 30, 2016

    Deals Rumor Mill: London Stock Exchange, Safran, BMW

    A large majority of London Stock Exchange shareholders will greenlight its $30 billion merger with Deutsche Boerse, Safran hopes to net $2.2 billion in the sale of its biometrics and security unit, and BMW, Mobileye and Intel will soon reveal a partnership to develop self-driving cars.

  • June 30, 2016

    Mylan Offers Antitrust Fixes To EU For $10B Meda Buy

    Mylan NV submitted concessions to the European Union’s competition authority on Wednesday as part of its efforts to gain approval for the $9.9 billion cash-and-stock deal to acquire Swedish drug company Meda AB.

  • June 30, 2016

    Companies Return To Bond Markets With Big Post-Brexit Deals

    Several corporations braved the post-Brexit chaos on Wednesday with large debt offerings, including an €800 million ($889 million) bond by Molson Coors Brewing Co., marking the first euro-denominated corporate bond since the referendum vote over whether the U.K should leave the European Union, plus a massive $14 billion U.S. bond by information technology firm Oracle Corp.

  • June 30, 2016

    AOL Dropped From $238M Millennial Merger Class Challenge

    AOL Inc. was abruptly dropped Thursday from a shareholder suit alleging financial disclosure violations before the company’s $238 million merger with Millennial Media Inc., after a Delaware vice-chancellor warned he was struggling to see any reason to keep the company in the case.

  • June 30, 2016

    EU Probes Possible AB InBev Belgian Trade Restriction

    The European Commission on Thursday launched an investigation into possible violations of European Union antitrust rules by Anheuser-Busch InBev SA, saying the beer giant may have hindered imports into Belgium from neighboring countries.

  • June 30, 2016

    Hershey Spurns $23B Mondelez Buyout Offer

    Chocolate maker The Hershey Co. on Thursday rejected a roughly $22.8 billion takeover offer from Mondelez International and indicated it has little interest in future negotiations.

  • June 30, 2016

    Caisse Invests $222.9M In Products Testing Firm Eurofins

    Canadian private investment organization Caisse de depot et placement du Quebec has agreed to inject €200 million ($222.9 million) into Eurofins Scientific, a Luxembourg-based provider of food, environment and pharmaceutical products testing, the companies said Wednesday.

  • June 30, 2016

    Affymetrix Investor Settles Suit Over $1.3B Thermo Fisher Sale

    An Affymetrix shareholder will settle proposed class claims alleging the biotech’s $1.3 billion buyout by Thermo Fisher resulted from a curtailed sales process due to a conflict of interest with its financial adviser, Morgan Stanley, according to a letter in California federal court.

  • June 30, 2016

    Lions Gate, Starz To Combine In $4.4B Cash, Stock Deal

    Lions Gate Entertainment Corp., producer of the popular “Hunger Games” franchise and “Orange is the New Black,” will buy premium television company Starz Entertainment LLC in a $4.4 billion cash and stock deal, announced Thursday, creating a company with a 16,000-title film and television library.

  • June 29, 2016

    Dell, T. Rowe Price Settle Ineligible Appraisal Shares Spat

    A Delaware Chancery judge on Wednesday approved a settlement between Dell and certain T. Rowe Price funds that had been previously ruled not eligible for stock appraisal of the computer giant’s nearly $25 billion take-private deal, which the court had decided was undervalued by nearly 30 percent.

  • June 29, 2016

    FTC Beefs Up Fines For Premerger Violations, Deceptive Acts

    The Federal Trade Commission said Wednesday that to adjust for inflation, the agency has raised its $16,000 maximum civil penalty to $40,000 for violations of several law provisions the FTC enforces, including FTC Act Section 5 and the Clayton Act.

  • June 29, 2016

    Deals Rumor Mill: Qatar Airways, China Logistics, Kuka AG

    Qatar Airways may increase its stake in British Airways owner IAG, China Logistics Property Holdings Co. plans to go public with a $433 million Hong Kong IPO, and Kuka AG is in talks with potential new investors but thus far has only received a takeover offer from China's Midea.

  • June 29, 2016

    DOJ Merger Probes More Likely To Spell Trouble Than FTC

    Merger investigations by the U.S. Department of Justice have historically been more likely to lead to a second request for information or an antitrust challenge than Federal Trade Commission investigations have been, according to a report published on Wednesday.

Expert Analysis

  • When Successor Liability And Bankruptcy Principles Collide

    Michael H. Reed

    The efficacy of a bankruptcy sale to cut off pre-existing debts and claims will depend, in part, on the adequacy of the notice of the sale given to interested parties. Special problems are presented by so-called “future claims” and certain types of environmental liabilities, says Michael Reed of Pepper Hamilton LLP.

  • FTC's New Maximum Civil Penalty And What It Means

    James A. Fishkin

    For anyone who views Federal Trade Commission civil penalties as a cost of doing business, the cost just went up dramatically. The impact of this change will be most acute in enforcement against Hart-Scott-Rodino Act violations and other continuing violations, says James Fishkin of Dechert LLP.

  • RFP Lessons: A General Counsel's List Of Law Firm Mistakes

    Dave Sampsell

    All too often, law firm financial proposals are too complicated, making them contingent on a host of different assumptions. This makes determining the value of the proposal extremely difficult, and the odds increase dramatically that the proposal will be disregarded, says Dave Sampsell, general counsel of Digi International Inc.

  • NY Should Unify Standards For Atty Fees Against State Agency

    Matthew T. McLaughlin

    Two bills introduced in the recently ended New York legislative session, if adopted into law, will provide government entities and Freedom of Information Law practitioners with the mooring of predictable and consistent outcomes in FOIL proceedings by changing the standard for determining attorneys’ fee awards, say Matthew McLaughlin and Benjamin Argyle of Venable LLP.

  • Takeaways From Delaware's Energy Transfer Ruling

    Gregory Pryor

    The Delaware Chancery Court's recent opinion that Energy Transfer may terminate a merger agreement based on the lack of a tax opinion highlights the importance of fully considering the implications of conditions precedent, say Gregory Pryor and William Dantzler of White & Case LLP.

  • How To Manage Your Law School Debt After Graduation

    Andrew Josuweit-headshot.jpg

    Student loan debt can feel overwhelming to new lawyers, especially when just getting started post graduation. Andrew Josuweit, co-founder and CEO of Student Loan Hero Inc., reviews the loan repayment plans available and discusses the best path forward for recent grads shouldering law school debt.

  • Get Ready For Disputes As US-China Deals Multiply

    Shaun Z. Wu

    With U.S. companies increasingly becoming joint-venture or takeover targets for Chinese outbound investment, well-advised counterparties will bear in mind potential solutions to disputes from the beginning of the partnership, weighing exit strategy, termination options, forum selection and alternative relief solutions, say Shaun Wu and Nan Wang of Kobre & Kim LLP.

  • The Cloud And Ethical Considerations For Lawyers

    Bradley S. Shear

    Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.

  • A Proxy Season For The Record Books

    Bruce H. Goldfarb

    When it comes to proxy contests and shareholder activism, one of the most striking changes this year is the quality and tone of the dialogue between companies and their shareholders, says Bruce Goldfarb, founder and CEO of Okapi Partners LLC.

  • How Lawyers Can Harness The Power Of Social Media

    Monica Zent

    It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.