Mergers & Acquisitions

  • December 9, 2016

    Chancery Taps Grant & Eisenhofer To Lead Rouse Appraisal

    A Delaware Chancery judge on Friday picked Grant & Eisenhofer PA as lead counsel in the judicial appraisal of the $2.8 billion buyout of Rouse Properties Inc., rejecting a proposal from Ashby & Geddes PA's client to run a parallel case that he said "smacks of free riding."

  • December 9, 2016

    LifeLock IP Suit Should Be Tossed, Says Goodwin Atty.

    Lemon LLC’s ex-CEO and its former CFO and general counsel — now a Goodwin Procter LLP partner — asked a Delaware state court on Friday to dismiss breach-of-contract claims brought by LifeLock LLC over an old merger deal between the startups, saying a similar action was already pending in California.

  • December 9, 2016

    Aetna-Humana Divestiture Plan Falls Short, DOJ Expert Says

    A health care expert hired by the U.S. Department of Justice criticized Aetna Inc.’s plan to sell off part of its private Medicare business to remedy anticompetitive concerns about its planned $37 billion merger with Humana Inc., testifying in D.C. federal court Friday that the company buying the assets lacks the experience and resources to be a viable competitor.

  • December 9, 2016

    Starz Holders Seek Appraisal As Lions Gate Closes $4B Deal

    As Lions Gate Entertainment Corp. finalized its $4.4 billion deal to buy Starz Entertainment LLC Thursday, shareholder Merion Capital LP headed to Delaware Chancery Court to ask for an appraisal of its shares, invoking a statute for shareholders who oppose a merger.

  • December 9, 2016

    Taxation With Representation: Davis, Wilson, Freshfields

    In this week’s Taxation With Representation, Verizon sold off $3.6 billion worth of properties around the country, web services provider GoDaddy agreed to buy its European counterpart for $1.81 billion, and Consolidated Communications Holdings made a successful $1.5 billion play for a fellow business and broadband communications provider.

  • December 9, 2016

    Gas Station Owner Settles SEC’s EBay Insider Trading Suit

    The U.S. Securities and Exchange Commission has agreed in California federal court to a $414,000 deal with a gas station owner it says traded on inside information ahead of eBay Inc.'s $2.4 billion acquisition of e-commerce company GSI Commerce Inc.

  • December 9, 2016

    Deals Rumor Mill: PPD, CCP, Time

    Private equity-backed Pharmaceutical Products Development could sell in a deal valuing the drug research firm at about $5 billion, an Icelandic game developer may be bought for up to €900 million ($955 million), and Time has hired advisers as it weighs a sale amid struggles for the print industry at large.

  • December 9, 2016

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Jones Day and Hogan Lovells. Here, Law360 recaps the ones you might have missed.

  • December 9, 2016

    Chancery OKs $17.5M Deal To End Sterling Chemical Sale Row

    A Delaware Chancery judge gave the green light Friday to a $17.5 million deal resolving the challenge to Eastman Chemical Co.’s $100 million purchase of Sterling Chemicals Inc., a settlement that included more than $3 million in attorneys’ fees and a special award to class representative Virtus Capital LP.

  • December 9, 2016

    Sumitomo Readies $802M Buyout Of Irish Banana Co. Fyffes

    Sumitomo Corp. on Friday inked a €751.4 million ($802 million) buyout of Ireland-based Fyffes PLC, allowing the Japanese company to grow its produce operations with the acquisition of Europe’s largest banana importer.

  • December 9, 2016

    21st-Century Fox Offers To Buy The Rest Of Sky PLC For $14B

    Twenty-First Century Fox Inc. has offered to buy all of the outstanding shares of British telecom giant Sky PLC that it does not already own in a deal worth roughly $14.1 billion, the companies said Friday.

  • December 8, 2016

    Anthem Loses Bid To Call Back Expert In $54B Merger Trial

    A D.C. federal judge on Thursday rejected Anthem Inc.’s bid to recall its key expert witness in an ongoing antitrust trial over its $54 billion proposed merger with Cigna Corp., finding the economist had plenty of time to address arguments from his counterpart retained by the U.S. Department of Justice.

  • December 8, 2016

    Broadcasters Drop DC Circ. Challenge Of FCC Rules

    The D.C. Circuit on Thursday signed off on a request from the National Association of Broadcasters to drop its challenge to the Federal Communications Commission's media ownership restrictions, a request NAB had filed one day after it took up the rules with the FCC directly.

  • December 8, 2016

    TerraForm Director Can't Escape $231M SunEd Deal Suit

    Pointing to “extraordinary facts” surrounding the stacking of TerraForm Global Inc.’s board just before a controversial $231 million deal last year, Delaware’s Chancery Court on Thursday rejected an independent director’s bid for release from a stockholder damage lawsuit.

  • December 8, 2016

    Reps Want 'Disco Era' FCC Media Ownership Rules Gone

    A pair of House lawmakers introduced a bill Wednesday that would repeal the “disco era” ban currently enforced by the Federal Communications Commission barring cross-ownership of a broadcast station and a daily newspaper in the same market.

  • December 8, 2016

    Forexware Can't Duck Former Exec's Breach Of Contract Suit

    A New York state judge on Thursday tossed a motion by Forexware LLC, a software company serving foreign exchange broker-dealers, to dismiss a breach of contract suit by a former executive whose companies it purchased.

  • December 8, 2016

    Deals Rumor Mill: Aon, Spotify, AirAsia

    Insurance broker Aon hopes to net more than $5 billion in a sale of Hewitt Associates, Spotify has abandoned efforts to acquire SoundCloud because of concerns over how a deal could complicate its planned initial public offering, and AirAsia has received plenty of interest for its roughly $1 billion aircraft leasing business.

  • December 8, 2016

    Chinese Investment Fund Backs Out Of $712M Aixtron Buy

    China's Fujian Grand Chip Investment Fund LP on Thursday said it has dropped its proposed €670 million ($712 million) takeover of German chip equipment maker Aixtron SE after President Barack Obama issued an executive order that blocked the deal based on national security concerns.

  • December 8, 2016

    KKR To Take Stake In Research Firm GfK

    Kohlberg Kravis Roberts said Thursday that it is planning to launch a voluntary tender offer for shares in market research company GfK SE, in a deal that would see the private equity outfit shell out at least €294.5 million ($312.6 million) at a price of €43.50 per share.

  • December 8, 2016

    DOJ Fights Anthem's Bid To Recall Witness At Merger Trial

    The U.S. Department of Justice fired back Wednesday against Anthem Inc.’s bid to recall its key expert witness in an ongoing antitrust trial over its $54 billion proposed merger with Cigna Corp., saying the economist already addressed the proposed “rebuttal testimony” his first time on the stand.

Expert Analysis

  • The Horrible Conflict Between Biology And Women Attorneys

    Anusia Gillespie

    Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.

  • Think Twice Before Settling With An Activist

    Kai Haakon Liekefett

    Kai Haakon Liekefett and Lawrence Elbaum of Vinson & Elkins LLP explain why many companies have “buyer’s remorse” after settling with an activist, and why a proxy fight is not the only alternative.

  • Lawyer EQ: Finding Success In Every Interaction

    Judith Gordon

    American legal education relies almost exclusively on analytical thinking. But success in legal practice depends in large part upon an accurate emotional understanding of oneself and the human seated opposite us. Honing emotional intelligence skills can lead to greater success, and Judith Gordon of LeaderEsQ offers a few tools that can be implemented immediately to raise one’s emotional intelligence quotient.

  • Managing Intergenerational Differences Within Your Law Firm

    Najmeh Mahmoudjafari

    We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.

  • Proxy Advisory Firms In The Regulatory Spotlight

    Bonnie A. Barsamian

    We anticipate that a new U.S. Securities and Exchange Commission will build on the dialogue and focus facilitated by its predecessor commission and consider regulation in light of growing attention on proxy advisory firms, say Bonnie Barsamian and Marc Leaf of Drinker Biddle & Reath LLP.

  • Investor Concerns In Light Of New CMS Long-Term Care Rule

    Michael A. Witt

    While the increasing need for development of housing alternatives for the growing population of older Americans has created new opportunities for investors to provide capital to owner-operators of long-term care facilities, a new rule revising the requirements for LTC Medicare and Medicaid participation could have a direct impact on potential investors, say Michael Witt and Kyle Molidor of Duane Morris LLP.

  • 7 Private Equity Strategies For 2017

    Jeremy Swan

    As the country prepares for new leadership in Washington, private equity firms should look to embrace new, growth-focused strategies that will help them compete more effectively in what will undoubtedly be a year of significant change, says Jeremy Swan of CohnReznick LLP.

  • Antitrust Concerns In Defense Transactions Under Trump

    Jon B. Dubrow

    President-elect Donald Trump's call for an increase in defense spending generally bodes well for the aerospace and defense industry and potentially signals a new era of growth for companies in this space. Jon Dubrow and Ryan Leske of McDermott Will & Emery LLP examine how merger and acquisition transactions are likely to be reviewed in a Trump administration.

  • Philip Hirschkop: Quietly Making Noise For 50 Years

    Randy Maniloff

    The first paragraph of Philip Hirschkop’s obituary is going to contain the word "Loving." That’s undeniable. But many of Hirschkop’s other cases are just as groundbreaking in their own right. They aren’t household names like Loving, but they have affected millions in the nation’s households, says Randy Maniloff of White and Williams LLP.

  • A Look Beyond 'Rep And Warranty' Insurance

    Mitchell L. Griffith

    "Rep and warranty" insurance has grown into a mainstream risk allocation tool in just a few short years, but it is only one of several transactional insurance products increasing in popularity. Mitchell Griffith of Thompson & Knight LLP and John McNally and Adam Wilhite of JLT Specialty USA explain fraudulent conveyance and successor liability insurance.