Mergers & Acquisitions

  • October 21, 2016

    Rainmaker Q&A: Fenwick & West's Cynthia Clarfield Hess

    I would tell a young attorney not to even think about becoming a rainmaker. I've seen lawyers bring in business before they're ready, before their skills are developed enough. They end up trying to mask what they don't know, and it usually ends badly, says Cynthia Clarfield Hess, co-chairwoman of the startup and venture capital practice at Fenwick & West LLP.

  • October 21, 2016

    British American Tobacco Unveils $47B Bid For Reynolds

    British American Tobacco plc unveiled a $47 billion takeover offer for U.S. tobacco company Reynolds American Inc. on Friday, a deal that would unite cigarette brands Newport, Kent and Pall Mall and create a top contender in the global tobacco market.

  • October 20, 2016

    PE Halifax Group Affiliate In Del. Ch. 7 Over $65M Debt

    An affiliate of private equity firm Halifax Group LLC that has been battling in court over the disputed price it paid for a Gulf Coast environmental remediation company filed for Chapter 7 bankruptcy in Delaware late Wednesday, listing no clear assets and $64.8 million in secured claims.

  • October 20, 2016

    Glencore Divests Coal Haulage Biz In $874M Sale To G&W

    Commodities group Glencore unloaded its coal haulage business for AU$1.14 billion ($874 million) on Thursday as it continues to trim debt, passing the unit to Genesee & Wyoming in a deal backed by an affiliate of asset management firm Macquarie.

  • October 20, 2016

    SunEdison Gets Nod On $150M Sale Of Solar Material Biz

    SunEdison on Thursday got approval from a New York bankruptcy judge to sell its solar material business to Chinese green energy firm GCL-Poly for $150 million, as SunEdison continues to divest assets in Chapter 11.

  • October 20, 2016

    Sheppard Mullin Adds 4 Corporate Partners In New York

    Sheppard Mullin recently bolstered its New York corporate practice, nabbing four Sichenzia Ross partners who boast expertise in a wide array of public and private transactions, including public stock offerings, reverse mergers and private equity financings.

  • October 20, 2016

    Pebblebrook, Denihan End $820M NYC Hotel Portfolio JV

    Real estate investment trust Pebblebrook Hotel Trust said Thursday it has completed a deal with joint venture partner Denihan Hospitality Group that will split up an $820 million portfolio of Manhattan hotels.

  • October 20, 2016

    Deals Rumor Mill: Qatar, Saudi Arabian Govt., Samsung

    The Qatar Investment Authority could invest billions of dollars in a $100 billion technology fund, the Saudi Arabian government has sold $17.5 billion worth of bonds mainly to U.S. and Asian investors and Samsung is in talks to have LG supply batteries for its phones beginning next year.

  • October 20, 2016

    InterOil Shareholder Gets Quick Appeal Of $2.5B Exxon Deal

    The Court of Appeal of the Yukon granted an expedited hearing in the InterOil Corp. shareholder dispute over Exxon Mobil Corp.’s $2.5 billion purchase of the Singaporean oil and gas company, meaning it will hear the shareholder’s appeal at the end of October.

  • October 20, 2016

    Cosi Creditors Say Proposed Auction Is Tilted To Lenders

    Unsecured creditors of Cosi Inc. are challenging the company’s $4.1 million bankruptcy loan, saying Wednesday in a Massachusetts court filing that the financing carries unreasonably tight deadlines that will result in a “truncated” auction of the business that favors the restaurant chain’s secured lenders.

  • October 20, 2016

    Walgreens, Rite Aid Delay Closing Of $17B Merger

    Drugstore giant Walgreens on Thursday delayed the closing of its planned $17.2 billion merger with Rite Aid by about three months, giving the companies more time to secure regulatory approval for the transaction.

  • October 20, 2016

    FERC OKs Riverstone's $5.2B Buy Of Talen Energy

    The Federal Energy Regulatory Commission on Wednesday gave its blessing for energy-focused investment firm Riverstone to acquire Talen Energy, the PPL Corp. power generation spinoff it helped to form last year, for $5.2 billion, including debt.

  • October 20, 2016

    Proposed Verizon-XO Deal Risks Consumer Harm, FCC Told

    Trade group Incompas has again pressed the Federal Communications Commission to deny Verizon’s proposed $1.8 billion purchase of XO Holdings’ fiber-optic network business, arguing that Verizon has no use for XO's services and is only pursuing the deal to eliminate XO as a competitor.

  • October 20, 2016

    India's Wipro Nabs US Cloud Co. Appirio In $500M Deal

    India’s Wipro Ltd. will shell out $500 million to snap up Indianapolis, Indiana-based information technology consulting firm Appirio Inc., forming a cloud services company better equipped to handle the growing hunger for software-as-a-service and the digital economy, the companies said on Thursday.

  • October 20, 2016

    Aetna-Humana Row Survives ACA Exchange Exits, DOJ Says

    With trial nearing, competition officials urged a D.C. federal judge on Thursday not to toss allegations the Aetna-Humana merger would stifle competition in Affordable Care Act markets after the companies pulled out of several exchanges, likening such dismissal to closing the blinds on an otherwise functioning factory.

  • October 20, 2016

    Australia's NSW Grabs $12.4B From Ausgrid Stake Sale

    A consortium made up of an Australian pension fund and a pension fund manager said Thursday that they will buy a majority interest in Ausgrid, a state-owned electricity supplier to Sydney and other areas across New South Wales, for AU$16.2 billion ($12.4 billion).

  • October 19, 2016

    PE Fund Denies Poaching Execs In $700M Texas Hospital Suit

    A Nautic Partners LLC executive told Texas jurors Wednesday the private equity fund had not sought out nor influenced the CEO of a chain of long-term acute care hospitals to jump ship with a valuable hospital acquisition deal that’s now the subject of a $700 million claim.

  • October 19, 2016

    El Paso Urges Del. Justices To Overturn $171M Judgment

    El Paso Corp. urged the Delaware Supreme Court on Wednesday to overturn a series of Chancery Court rulings that left it liable for a $171 million overpayment in a $1.9 billion pipeline deal, arguing the suing investor had derivative claims that were extinguished when Kinder Morgan Inc. bought the company.

  • October 19, 2016

    UK's FCA Approves Singapore Exchange's $107M Baltic Buy

    The Singapore Exchange got a green light from the United Kingdom’s Financial Conduct Authority to move forward with its £87 million ($107 million) acquisition of London’s shipping-focused Baltic Exchange, clearing one of the last few hurdles to the transaction roughly three months after it was inked.

  • October 19, 2016

    Online Chinese Travel Co. Valued At $4B In Go-Private Deal

    Qunar Cayman Islands Ltd. said Wednesday that it has agreed to a buyout offer from a fund affiliated with private equity firm Ocean Imagination LP, in a deal that values the company at $4.44 billion and would cause its shares to be delisted from the NASDAQ Stock Market.

Expert Analysis

  • Don't Forget To Consider State Privacy Laws In M&A

    Excerpt from Lexis Practice Advisor
    George H. Wang

    All businesses with a website may be said to have reach into, and presence in, every state. Therefore, due diligence into information management compliance of a U.S. target company requires cognizance of the laws of at least 52 separate jurisdictions, say George Wang and Kenneth Rashbaum of Barton LLP.

  • When Your Client Is The President


    I went to the law books, where I discovered the crime of “obstruction of justice,” and realized I was right in the middle of a criminal conspiracy. I didn't fully understand my conduct during Watergate until — decades later — I learned about the psychology of cover-up at work, says John Dean, who served as White House counsel for President Richard Nixon.

  • Trial Pros’ Secret To Courtroom Success

     Jamin S. Soderstrom

    Somewhat surprisingly, very few of the dozens of "trial pros" who have been interviewed by Law360 have revealed the secret to effective trial preparation that is vital to their success. But ultimately, the “secret” to effective trial preparation is not actually a secret, says Jamin Soderstrom of Soderstrom Law PC.

  • 100 Days Of Cayman Islands Limited Liability Companies

    Tim Buckley

    Although a new form of entity under Cayman Islands law, the Cayman Islands LLC is familiar in form to U.S. lawyers and industry participants; Cayman Islands LLCs operate in an almost identical way to Delaware LLCs, say Tim Buckley and Andrew Barker of Walkers Global.

  • Private Equity Flows To Oil And Gas As Prices Stay Low

    Alan Burke

    Over the past 24 months, the low oil price environment has led to increased interest in the hydrocarbon sector from private equity investors. Attorneys at White & Case LLP examine factors that have incentivized PE houses to contemplate entry into the upstream oil and gas market, as well as the challenges to such PE investment.

  • Tips For Increasing The Chances Of CFIUS Approval

    Daniel (DJ) Rosenthal

    The Committee on Foreign Investment in the United States remains a powerful regulatory body. The lesson from recent trends is not, as some have suggested, to retrench from engaging in inbound investment opportunities or to opt not to file a notice of a proposed transaction with CFIUS. Instead, companies should embrace the CFIUS process, says Daniel Rosenthal of Kroll.

  • Bayer-Monsanto Won't Seed Or Weed The Patent Thicket

    Randall Brown

    While the consolidation of agribusiness has a significant effect on the global food supply, it is unlikely that the Bayer-Monsanto merger will have an anti-competitive impact from an intellectual property perspective, say Randall Brown and Catherine Reynolds of Haynes and Boone LLP.

  • A Snapshot Of M&A Activity In September

    Ariel J. Deckelbaum

    Mergers and acquisitions activity rebounded across most metrics in September 2016. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses the latest changes in U.S., global and sponsor-related activity.

  • Unlikely Success For M&A Post-Closing Disclosure Claims

    Scott B. Luftglass

    The Delaware Chancery Court's recent decision in Nguyen v. Barrett highlights yet again its narrowing of the circumstances under which plaintiffs can successfully challenge merger and acquisition transactions. Further, for the first time, the court has articulated the higher burden to a plaintiff in bringing a disclosure claim in a post-closing damages action, say attorneys at Fried Frank Harris Shriver & Jacobson LLP.

  • OPINION: 3rd-Party Litigation Funding Needs Transparency

    Lisa A. Rickard

    The practice of third-party litigation funding, in which funders front money to plaintiffs law firms in exchange for a cut of any settlement or money judgment, is growing increasingly popular. Currently, litigators are not required to disclose the involvement of third-party funders, but transparency will improve justice in courts, say Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, and Mark Behrens, a partne... (continued)