Mergers & Acquisitions

  • July 25, 2014

    XL Asks 11th Circ. To Excuse It From $4.9M Piedmont Deal

    XL Specialty Insurance Co. urged the 11th Circuit to rule that it isn't required to pay for a $4.9 million settlement in a shareholders class action concerning former client Piedmont Office Realty Trust Inc. because it never consented to the agreement.

  • July 25, 2014

    Taxation With Representation: Vinson, Jones Day, Skadden

    In this week's Taxation With Representation, Jones Day helps CBS Outdoor Americas Inc. expand its billboard empire, while Skadden Arps Slate Meagher & Flom LLP helps OAO Severstal unload its U.S. businesses for a combined $2.3 billion.

  • July 25, 2014

    Ireland Defends Itself After Obama Blasts Inversion Surge

    An Irish official on Friday defended his country's tax regime after U.S. President Barack Obama tore into the country for luring stateside companies overseas with the promise of corporate tax breaks, a lightning-rod issue on Capitol Hill.

  • July 25, 2014

    Fox Inks $9.3B Deal With BSkyB As Time Warner Rumors Swirl

    Rupert Murdoch's 21st Century Fox Inc. said Friday it would unload its stakes in German and Italian pay-TV assets to British Sky Broadcasting Group PLC in a deal worth $9.3 billion, a move that will likely help Fox in its high-profile hunt for Time Warner Inc.

  • July 25, 2014

    Dealmakers Q&A: Greenberg Traurig’s Darrell Windham

    The merger and acquisition and public capital markets are very active and hot right now. Price-earnings multiples and debt leverage ratios are very high and continue to climb. It is a very good time to sell a profitable and growing business, says Darrell Windham of Greenberg Traurig LLP.

  • July 25, 2014

    Dealmakers Q&A: Paul Hastings' Rick Kirkbride

    The laws governing condo-hotel projects are vague and imprecise — a cobbling of old U.S. Securities and Exchange Commission releases and no-action letters that have caused uncertainty and have provided a platform for buyers to sue developers, says Rick Kirkbride of Paul Hastings LLP.

  • July 24, 2014

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

    With so much M&A news this week, you may not have seen some announced deals involving Arnold & Porter, Fenwick & West and other firms. Here, Law360 takes a look at the ones you may have missed.

  • July 24, 2014

    DOJ Urged To Extend Review Of $9B Tyson-Hillshire Merger

    A coalition of 82 advocacy groups on Thursday urged the U.S. Department of Justice to take a closer look at Tyson Foods Inc.’s $8.55 billion takeover of rival meat processor Hillshire Brands Co. in a letter saying the deal will harm competition in the food industry.

  • July 24, 2014

    Starboard Sues To See Darden Docs On $2B Red Lobster Sale

    Activist investor Starboard Value LP launched a suit in Florida state court Wednesday seeking access to Darden Restaurant Inc.'s records on its $2.1 billion sale of the Red Lobster restaurant chain, pushing forward claims of alleged mismanagement and governance issues.

  • July 24, 2014

    SunEdison Buys Colorado’s Largest Solar Power Plant

    Solar energy company SunEdison Inc. has purchased the 156 megawatt Comanche Solar project in Colorado, the largest solar plant in the state, from fellow renewable energy company Community Energy in a deal that will supply electricity to utility supplier Xcel Energy Inc., the companies said Thursday.

  • July 24, 2014

    Crumbs Gets NJ Court Approval For Bankruptcy Auction

    A New Jersey bankruptcy judge on Thursday gave Crumbs Bake Shop Inc. the green light to move ahead with plans to sell off its assets at a bankruptcy auction in August, with an investor group serving as the stalking horse bidder for the now-shuttered New York cupcake chain.

  • July 24, 2014

    Obama Calls For Retroactive Ban On Inversion Deals

    President Barack Obama on Thursday urged Congress to help stop corporate inversions by not letting companies set up principal headquarters overseas and pay foreign taxes if most of their business is in the U.S. 

  • July 24, 2014

    Walgreen Wins Dismissal In Pharmacy Buyout Suits

    A federal judge on Thursday dismissed two New Jersey pharmacies' suits against a Walgreen Co. subsidiary, finding that they failed to show the company breached asset purchase agreements that tied certain payouts to future prescriptions from the pharmacies' onetime customers.

  • July 24, 2014

    APS Ducks Most Of Universal's $222M Soured Merger Suit

    A Delaware federal judge on Thursday trimmed Universal American Corp.'s suit alleging its $222.3 million merger partner for APS Healthcare Inc. fraudulently induced the transaction, ruling that allegations of securities violations and fraud failed to state a claim.

  • July 24, 2014

    Duane Morris Nabs Ex-Benesch Health M&A, PE Pro In NY

    Duane Morris LLP bolstered its health law practice group with the addition of a health-care mergers and acquisitions and private equity pro from Benesch Friedlander Coplan & Aronoff LLP in its New York office, the firm said.

  • July 24, 2014

    Latham Reps Breitburn In $3B QR Energy Buy

    Breitburn Energy Partners LP has agreed to buy QR Energy LP in a deal valuing QR Energy at $3 billion including debt that will make Breitburn the largest oil producer organized as a master limited partnership, the companies said Thursday.

  • July 24, 2014

    House Reps. Press For Change After Ackman Allergan Bid

    A member of the House Financial Services Committee said Thursday that he may take legislative action if the U.S. Securities and Exchange Commission doesn't take steps to prohibit an unusual bidder-hedge fund partnership pioneered earlier this year by famed activist Bill Ackman and Valeant Pharmaceuticals International Inc.

  • July 24, 2014

    Itochu Agrees To $1B Partnership With Thailand's CP Group

    Japanese trading house Itochu Corp. said Thursday it has entered into a $1 billion tie-up with Thai billionaire Dhanin Chearavanont's Charoen Pokphand Group Ltd., a leading Asian agricultural conglomerate, forming an alliance between the companies.

  • July 24, 2014

    Deals Rumor Mill: BSkyB, SodaStream, Islandsbanki

    BSkyB plans to unveil a multibillion-euro bid deal early Friday to buy Rupert Murdoch's assets in Italy and Germany, while SodaStream is mulling a roughly $828 million take-private deal with an investment firm.

  • July 24, 2014

    KKR's Earnings Soar 1000% In Hot PE Exit Market

    Private equity firm KKR & Co. said Thursday that it saw earnings soar a whopping 1,000 percent in the past year as a strong deal market helped the firm cash out of a number of crisis-era investments with large gains.

Expert Analysis

  • DOD Annual Report May Affect Antitrust Reviews

    Jon Dubrow

    A recent U.S. Department of Defense study provides data the DOD interprets as showing that the presence of competition improves contracting outcomes for the government, and it has implications for future antitrust analysis applied to mergers, acquisitions and teaming agreements, says Jon Dubrow of McDermott Will & Emery LLP.

  • Litigator’s Perspective: 5 Tips On Arbitration Provisions

    Daniel T. McCloskey

    It happens all the time. When a dispute arises, two parties find themselves in arbitration, realizing that they might have had more leverage to dictate the terms of the process when they were negotiating the arbitration provision — but missed the opportunity, says Daniel McCloskey of Duane Morris LLP.

  • Amid M&A Uptick, Bidders Must Heed UK Code Changes

    Ilan Kotkis

    Potential bids by U.S. suitors for U.K. target companies in the pharmaceutical and health care sectors seem to be a recurring theme this year

  • Fla. Sets Strict Standard For Direct Shareholder Claims

    Jeffrey W. Gutchess

    In Dinuro Investments v. Camacho, a Florida court clarified the limited circumstances under which a corporate shareholder or limited liability company member has standing to bring a direct claim for damages relating to the company — an issue that has become more and more unsettled, say Jeff Gutchess and Justin Brenner of Bilzin Sumberg Baena Price & Axelrod LLP.

  • Trial-Ready In 180 Days: Prepare For SDNY's Rocket Docket

    Isaac S. Greaney

    A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.

  • When You Are Responsible For Your Book Of Business

    Jennifer Topper

    Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.

  • Protections Remain In Place For Ga. Officers, Directors

    J. Timothy Mast

    The Georgia Supreme Court’s highly anticipated decision in Federal Deposit Insurance Corp. v. Loudermilk clarifies the protections afforded by the business judgment rule to directors and officers of banks and corporations, and proves that the “wisdom” of corporate decisions continues to be shielded from claims of ordinary negligence, say attorneys with Troutman Sanders LLP.

  • An Inventive Way To Remove Pure State Court Claims

    Michael E. Blumenfeld

    Nondiverse state court defendants facing purely state law claims that seek to secure federal jurisdiction should determine whether a good faith basis exists to pursue a third-party action against a federal actor in order to trigger the representative U.S. Attorney’s certification and remove such claims under the Westfall Act, say Michael Blumenfeld and Jonathan Singer of Miles & Stockbridge PC.

  • Powerful Tools For Discovery And Litigation Strategy

    Nathalie Hofman

    Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.

  • Corporate Inversions Show No Signs Of Slowing Down

    Jeffrey L. Rubinger

    Inversions are especially popular these days for pharmaceutical and biotechnology companies, where most of the value of the company is found in intangible assets, but it has been indicated that the heightened pace may prompt Congress to act on a measure quickly, says Jeffrey Rubinger of Bilzin Sumberg Baena Price & Axelrod LLP.