Mergers & Acquisitions

  • October 24, 2016

    Golfsmith Creditors Back Sale To Dick's Sporting Goods

    Golfsmith's unsecured creditors on Monday in Delaware offered support to the proposed sale of the business to Dick's Sporting Goods and liquidators led by Hilco Merchant Resources LLC under a plan that would keep 30 of the golf retailer’s stores open, saying a feasible alternative hasn’t materialized.

  • October 24, 2016

    Liberty, Sirius XM Urge Chancery To Ax Stock Buyback Claims

    Liberty Media Corp. and Sirius XM Holdings Inc. urged the Delaware Chancery Court on Monday to toss a shareholder derivative challenge to a $2 billion stock repurchase plan, arguing the suing stockholder doesn’t show that a majority of directors are beholden to Liberty chairman and ex-Sirius director John Malone.

  • October 24, 2016

    American Midstream Partners To Buy JP Energy In $2B Deal

    Two oil and gas companies sponsored by energy-focused private equity shop ArcLight Capital Partners LLC are set to merge in a unit-for-unit deal that will create a midstream energy company with a value of about $2 billion, the companies said on Monday.

  • October 24, 2016

    AT&T-Time Warner Deal Poses Privacy Threat, Group Says

    AT&T's $85.4 billion cash-and-stock takeover of Time Warner Inc. unveiled over the weekend raises privacy concerns that demand attention from the Federal Communications Commission, according to open-internet advocacy group Public Knowledge.

  • October 24, 2016

    Tough Scrutiny Ahead For AT&T's $85.4B Time Warner Buy

    AT&T’s $85.4 billion takeover of Time Warner is poised for an intensive antitrust review further complicated by the current political environment, with the outcome hinging on how effective the conditions placed on Comcast’s NBCUniversal acquisition are seen to be, experts say.

  • October 24, 2016

    Carlyle-Backed LDiscovery Grabs Competitor In $410M Deal

    Private equity-backed e-discovery company LDiscovery LLC on Friday said that it will buy competitor Kroll Ontrack, which also specializes in data recovery and destruction, for $410 million in cash, expanding its presence around the world.

  • October 24, 2016

    Ex-Bingham Partner Owes $8M In Stock, Morgan Lewis Argues

    Dissolved law firm Bingham McCutchen LLP sued its former partner's brother in California state court on Friday, seeking $8 million in stock proceeds the attorney earned on work for a Disney subsidiary before Morgan Lewis & Bockius LLP absorbed Bingham.

  • October 24, 2016

    Platinum Equity To Sell Mactac's American Biz In $375M Deal

    Private equity firm Platinum Equity LLC said Monday that it has agreed to sell the North American division of pressure sensitive material maker Mactac to Lintec Corp. in a $375 million deal.

  • October 24, 2016

    Chinese Co. Pays $2.7B On Life, Mortgage Insurer Genworth

    Genworth Financial Inc. said Monday that a financial holding group owned by Chinese billionaire Lu Zhiqiang plans to buy it for $2.7 billion in cash, giving the long-term care and mortgage insurance provider a much-needed infusion after it unveiled LTC insurance charges that could reach $625 million.

  • October 24, 2016

    Rockwell Collins To Acquire B/E Aerospace For $8.3B

    Aerospace company Rockwell Collins Inc. announced on Friday that it has entered into a deal to purchase B/E Aerospace Inc., a manufacturer of airplane interior fixtures, for $6.4 billion in cash and stock and the assumption of $1.9 billion in debt.

  • October 24, 2016

    Investor's ETE Claims Are Derivative, Williams Board Says

    Current and former directors of pipeline company Williams Cos. Inc. urged the Delaware Chancery Court on Friday to toss an investor’s suit alleging that their defensive tactics against a rival’s early takeover advances spurred $428 million in unnecessary losses, saying the claims are derivative since the merger never happened.

  • October 24, 2016

    Dover, Wayne Offer Concessions To Clear $780M Deal In UK

    Dover Corp. and Wayne Fueling Systems Ltd. have presented U.K. competition regulators with a couple of options they hope will assuage concerns that their $780 million deal would stifle competition in the supply of fuel dispensers in the country, the Competition and Markets Authority said Monday.

  • October 24, 2016

    Weil Guides HNA Group In $6.5B Hilton Stake Buy

    Chinese tourism and logistics company HNA Group Co. Ltd. on Monday said that it has agreed to purchase a 25 percent stake in Hilton Worldwide Holdings Inc. from private equity giant The Blackstone Group LP in a deal worth $6.5 billion, with guidance from Weil Gotshal & Manges LLP.

  • October 24, 2016

    Rainmaker Q&A: Choate's Christian Atwood

    I’m not a huge fan of the term “rainmaker,” as I think it connotes someone doing something on his or her own. In reality, the opposite is true — no one who generates any meaningful amount of business can do so on their own, says Christian Atwood, partner at Choate Hall & Stewart LLP.

  • October 24, 2016

    Trump Vows To Block $85.4B AT&T-Time Warner Deal

    Republican presidential candidate Donald J. Trump said that if he were elected, he would not approve AT&T Inc.’s proposed $85.4 billion cash-and-stock takeover of Time Warner Inc., adding his voice to a chorus of policy makers opposed to 2016’s hugest deal.

  • October 24, 2016

    TD Ameritrade To Buy Scottrade In $4B, Two-Step Deal

    TD Ameritrade Holding Corp. said on Monday it will expand its geographic footprint and bolster its investment guidance offerings with a $4 billion cash and stock purchase of its smaller rival, online brokerage firm Scottrade Financial Services Inc.

  • October 24, 2016

    PE’s Rising Enchantment With Unconventional Fund Terms

    Private equity professionals have toyed with the idea of raising funds with longer-than-usual lifespans and investment holding periods for years, and with a few firms already closing such funds in 2016, experts say nontraditional fund terms will become more prevalent as the industry chases higher returns on investments.

  • October 22, 2016

    AT&T Inks 2016's Biggest Deal With $85.4B Time Warner Offer

    AT&T Inc. unveiled an $85.4 billion cash-and-stock takeover of Time Warner Inc. late Saturday, confirming a swirl of media reports over the weekend that the pair were putting the finishing touches on the year’s largest megadeal.

  • October 21, 2016

    No $2.6B Alaska-Virgin Tie-Up Without Notice, Judge Says

    A California federal judge told Alaska Air on Thursday not to close on its proposed $2.6 billion acquisition of Virgin America without giving him and a group of passengers and travel agents who claim the deal is anti-competitive at least seven days' advance notice, or he may unwind it.

  • October 21, 2016

    PE Fund Turns To High Court In Texas Hospital Buy Suit

    Several entities tied to private equity fund Nautic Partners LLC have asked the U.S. Supreme Court to keep them from facing Texas state court claims they poached a prime hospital acquisition target, saying the Texas Supreme Court made an end run around due process rights.

Expert Analysis

  • When Your Client Is The President

    William E. Casselman II

    My experience with the Nixon pardon, the Nixon tapes, the construction of the White House swimming pool, and other matters well out of the ordinary for a president’s lawyer taught me that in the practice of law one should learn to expect and cope with the unexpected, says William Casselman, who served as White House counsel for President Gerald Ford.

  • So You Want To Be A Partner? You Need A Mentor

    Rebecca Glatzer

    Not all aspects of the partnership process are within an attorney’s power. However, there are some factors that an associate can control on the path to partnership, the most important of which are the relationships cultivated along the way, says Rebecca Glatzer of Major Lindsey & Africa.

  • Recent Application Of MFW Confirms 3 Important Principles

    Christopher E. Austin

    The Delaware Chancery Court's recent opinion in a shareholder suit challenging the buyout of Books-A-Million clarifies the obligations of controlling stockholders when it comes to going-private and similar transactions. The opinion also indicates the continued viability of MFW despite the efforts of the plaintiffs bar to limit its benefits, says Christopher Austin of Cleary Gottlieb Steen & Hamilton LLP.

  • OPINION: The 2nd Circ.'s Misguided Approach To Antitrust

    David Balto

    The Second Circuit's recent decision in American Express obscures the purpose of the antitrust laws, is inconsistent with decades of antitrust jurisprudence, and will handicap the ability of the antitrust agencies and courts to challenge anti-competitive conduct in dozens of markets, says David Balto, a former policy director at the Federal Trade Commission.

  • 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.