ABC Supply Co. was guided by Kirkland & Ellis LLP, McDermott Will & Emery LLP and Leo Law in its purchase of the building supply division of Chicago-based USG Corp. for $670 million, a deal Jones Day worked on for USG, according to the companies' Monday joint announcement.
Mondelez International has abandoned its pursuit of The Hershey Co., the company said Monday, after determining that its efforts to acquire the chocolate maker have become futile.
A California judge Monday ruled Pabst Brewing Co. must face rapper Snoop Dogg’s claims that his deal to endorse Pabst’s Colt 45 brand entitles him to a cut of the beer-maker’s $700 million sale to a TSG Consumer Partners LLC joint venture, rejecting Pabst’s argument the sale didn’t trigger his agreement.
Shire US Holdings Inc. asked Delaware’s Chancery Court late Friday to reject a breach of contract lawsuit amendment that would boost to $425 million the amount shareholders of an acquired company claim they are due after regulatory approval of a new dry-eye drug.
Carl Icahn on Friday clapped back at rival activist investor Bill Ackmen’s suggestion that he was looking to sell off his stake in Herbalife, blasting Ackman for his “obsession” with the nutritional supplements company and revealing that he has bought another 2.3 million shares in the company.
Skadden Arps Slate Meagher & Flom LLP has hired back a Federal Trade Commission chief trial counsel after a two-year stint at the agency, bringing a partner experienced in civil litigation and government antitrust and merger investigations back into the fold, the firm said Monday.
Lowe’s said Monday it is seeking a court-appointed liquidator to oversee the sale of home improvement joint venture Masters, contending that its joint venture partner, Australian retailer Woolworths, is wrongfully trying to squeeze the U.S. retailer out of the equation after the business was featured last week in a AU$1.5 billion ($1.1 billion) divestiture plan.
San Francisco-based private equity outfit TSG Consumer Partners has agreed to buy California winemaker Duckhorn Wine Co. from GI Partners, the companies said on Monday, in a deal guided by Gibson Dunn and Ropes & Gray LLP.
The list of suitors vying for SunEdison's assets is growing, U.S. private equity firm General Atlantic has teamed with Ctrip.com to launch an investment platform focused on China's growing interest in travel, and Malaysia's largest fast food operator plans to raise more than $400 million in an initial public offering.
An investment vehicle controlled by Australian billionaire James Packer is selling a AU$448 million ($339 million) stake in Crown Resorts Ltd., according to a filing with the Australian Securities Exchange on Monday.
Akin Gump Strauss Hauer & Feld LLP has added an antitrust litigator previously with Dechert LLP with mergers and acquisitions experience as a partner in its Washington, D.C., office, the firm announced on Monday.
The energy arm of private equity giant The Blackstone Group LP has inked two partnership agreements worth $1.5 billion total to buy and develop assets and property in Texas and New Mexico in the Midland Delaware basins.
Chilean fuel giant Compania de Petroleos de Chile Copec SA is gaining a foothold in the U.S. market with the $535 million acquisition by a subsidiary of energy company Delek US Holdings Inc.’s Mapco Express Inc. convenience store chain, the companies said on Monday.
Aleris will be snapped up by an investment firm affiliated with industrial aluminum company China Zhongwang in a deal worth $2.33 billion, giving an Oaktree Capital-led consortium an exit from the aluminum rolled products maker after roughly six years, according to a Monday statement.
The challenge is to not rest on the success of your last matter. If you wake up feeling complacent, you’re headed in the wrong direction. To remain a rainmaker, you must continually find ways to innovate, says Irwin Kishner, chairman of Herrick Feinstein LLP's executive committee.
Mobile messaging service WhatsApp revealed Thursday that it's going to start sharing users’ phone numbers and other data with parent company Facebook in order to better target ads, a move that drew immediate backlash from a privacy group that vowed to bring its concerns to the Federal Trade Commission.
A granddaughter of Sumner Redstone dropped objections that were holding up the settlement of the Viacom media empire power struggle after receiving promises of meeting the mogul and firmly securing a billion-dollar stake in his trust.
K&L Gates LLP has expanded its health care group with a new partner from Baker Donelson Bearman Caldwell & Berkowitz PC, the Philadelphia Drug Exchange has appointed new general counsel and Tucker Ellis LLP has opened a St. Louis office where attorneys will focus on product liability and medical device and pharmaceutical liability, among other areas.
Carl Icahn could sell his roughly $1 billion stake in Herbalife to a group that includes rival Bill Ackman, numerous private equity firms have interest in buying Norwegian cruise operator Hurtigruten and real estate developer China Vanke hopes to buy an approximately $386 million Shanghai office tower from Carlyle.
An Anchor BanCorp Wisconsin Inc. investor asked a Wisconsin federal court on Friday to end his class action accusing executives of structuring a $461 million sale to benefit themselves and shortchange investors in light of a Seventh Circuit decision earlier this month that curbs certain disclosure-only settlements.
Recent activity by the U.S. Department of Justice and the Federal Trade Commission make clear that enforcement of Section 8 of the Clayton Act — the prohibition against interlocks between competitors — is alive and well. Board members and officers must be on alert, say attorneys with Goodwin Procter LLP.
Litigation in the Texas energy sector has increased substantially as a result of the drop in oil prices. The trends reflect a market reality where all participants, including contractors, insurers, lenders, partners and employees, are forced to embrace “lower for longer” pricing, say Michael Hurst and Jonathan Childers of Lynn Pinker Cox Hurst LLP.
As technology has advanced, the ways in which attorneys communicate with clients, potential clients, former clients and the public has created new and ill-defined issues relating to whether an attorney-client relationship exists. Attorneys Elizabeth Fitch and Theodore Schaer discuss the often nebulous yet hazardous concepts that could lead to malpractice issues.
Some market watchers believe that law firms with significant energy-related practices have experienced precipitous declines in revenue and profits due to the dip in oil prices. Yet, firms continue to be bullish on Texas, and those still looking for a point of entry will jump at the right opportunity, say consultants with LawVision Group LLC.
While the impact of the January 2016 Delaware decision in Trulia is profound, rumors that it represented the demise of M&A litigation were greatly exaggerated. Deal litigation continues, albeit in different forums, with different claims, and subject to different risk mitigation tactics, say Daniel Wolf and David Feirstein of Kirkland & Ellis LLP.
China’s record-breaking number of overseas acquisitions in the first half of the year does not paint a complete picture. As the number of proposed deals surges, the number of high-profile failed and withdrawn Chinese offers has also grown, say Yingxi Fu-Tomlinson and Aileen Chou of Kaye Scholer LLP.
By understanding four common reasons why law firm business development initiatives fail, we can more accurately define success, avoid pitfalls, and improve return on investment, says Adam Donovan, senior manager of patent business strategy at Fish & Richardson PC.
The Federal Trade Commission is poised to take the next step — perhaps the most significant one in its century-long history — in the evolution of its approach to merger enforcement. This evolution is apparent in the context of retail markets, as illustrated by FTC decision-making and analysis in the recent Safeway and Family Dollar transactions, say former FTC Commissioner Joshua Wright and Theodore Serra of Wilson Sonsini Goodrich & Rosati PC.
Highly successful attorneys who are thinking about leaving the safe haven of a large law firm to go out on their own face a number of issues specific to the legal profession. Russell Shinsky, chairman of Anchin Block & Anchin LLP's law firms industry group, shares four pillars of a successful startup law firm.
After a string of decisions that have been widely interpreted as rejecting a share-tracing requirement in appraisal proceedings, the Delaware Chancery Court in Dell adopted a new test that introduces a means by which defendant corporations can rebut an appraisal petitioner’s prima facie case, says Nicholas O'Keefe of Kaye Scholer LLP.