Mergers & Acquisitions RSS

  • April 24, 2014

    Newspaper Guild Won't Bid For Philly Inquirer, Court Told

    The Newspaper Guild of Greater Philadelphia said on Thursday it will not participate in the upcoming auction of The Philadelphia Inquirer's parent company, telling a Delaware Chancery judge its prospective financial backers had shied away from the $77 million minimum price tag.

  • April 24, 2014

    Deals Rumor Mill: Barrick Gold, Sampo, Monaco Telecom

    Barrick Gold and rival Newmont Mining have worked out disagreements that have hindered the gold mining giants' merger talks, while Finland's Sampo is hoping to sell its property and casualty insurance arm.

  • April 24, 2014

    Bazaarvoice Settles With DOJ In $168M Merger Challenge

    Bazaarvoice Inc. reached a settlement with the U.S. Department of Justice on Thursday requiring the online product review platform provider to sell off its recently acquired PowerReviews Inc. unit to Viewpoints LLC to resolve the government's antitrust challenge to the $168 million acquisition.

  • April 24, 2014

    PE Firm Acquires On The Border Chain From Golden Gate

    Argonne Capital Group LLC has reached a deal with undisclosed terms with fellow private equity firm Golden Gate Capital to acquire the On The Border Mexican Grill & Cantina chain, the companies announced Thursday, adding to Argonne’s extensive restaurant portfolio.

  • April 24, 2014

    Rising Star: Willkie Farr's Laura Delanoy

    For her work on some of the year's most unique and complex transactions, including The Men's Wearhouse Inc.'s table-turning deal with Jos. A Bank Clothiers Inc., Willkie Farr & Gallagher LLP's Laura Delanoy is one of Law360's top mergers and acquisitions attorneys under 40.

  • April 24, 2014

    France's PAI Partners To Pay €200M For Euro Media Group

    French private equity firm PAI Partners will acquire European audiovisual services provider Euro Media Group, known for providing audiovisual broadcast services for the Winter Olympics and the FIFA World Cup, in a deal reportedly worth €200 million ($276.5 million), it said Thursday.

  • April 24, 2014

    Broad And Cassel Adds DLA Piper Atty With Int'l Expertise

    Florida law firm Broad and Cassel has added to its Miami office a partner from DLA Piper who will lead its Latin America practice and is expected to significantly bolster the firm's international practice, it said Thursday.

  • April 24, 2014

    Transurban-Led Group To Pay $6.6B For Queensland Motorways

    Transurban Group said Wednesday it will lead a consortium in taking over Australia-based Queensland Motorways Group’s network of tolled roads and bridges in a A$7.057 billion ($6.55 billion) deal, following a federal push for states to sell assets to raise capital for new infrastructure projects.

  • April 24, 2014

    PE-Backed Ferus Buys Out Encana's Stake In LNG Facility

    Encana Corp. is selling its stake in a soon-to-open liquefied natural gas production plant in Alberta, Canada, to private equity-backed Ferus Natural Gas Fuels Inc., its partner in the project, the companies announced Thursday.

  • April 24, 2014

    Crescent Point Drops $1B For Canadian Oil Producer

    Crescent Point Energy Corp. said Wednesday that it has agreed to buy privately-held CanEra Energy Corp. in a cash, stock and debt deal worth CA$1.1 billion ($1 billion), as it seeks to take advantage of CanEra's vast holdings in the oil-rich Torquay formation in Saskatchewan.

  • April 24, 2014

    Publicis Sure Of UK Tax Approval For $35B Omnicom Deal

    Publicis Groupe SA is confident that the new company it seeks to form in a $35.1 billion merger with Omnicom Group Inc. will land approval to establish its tax home in the U.K., the company said Wednesday, following reports that the deal hit some snags.

  • April 24, 2014

    Hyperion To Pay Up To $600M For Israeli Diabetes Drug Co.

    San Francisco biopharmaceutical company Hyperion Therapeutics is set to buy Israel-based Andromeda Biotech, a drug developer working on a new diabetes treatment, in a deal that could end up being worth nearly $600 million, the companies said Thursday.

  • April 24, 2014

    Swedbank Robur Accepts VW's $9.2B Bid For Truck Maker

    Swedbank Robur, which holds 1.9 percent of Swedish truck maker Scania SCV, accepted Volkswagen AG's bid to buy out all minority shares, moving the company closer to its minimum cutoff of 90 percent, the pension group said Thursday.

  • April 24, 2014

    Alstom Denies GE Made $13B Takeover Bid

    Alstom SA said Thursday that it was not aware of any potential takeover bid, following a report that U.S.-based General Electric Co. was in talks to buy the French train and power equipment manufacturer in a deal valuing it at $13 billion.

  • April 24, 2014

    Skadden Reps Brookdale Senior Living In $1.2B JV With HCP

    Tennessee-based nursing home owner and operator Brookdale Senior Living Inc. and California real estate investment trust HCP Inc. have launched a new $1.2 billion joint venture that will own and operate 14 continuing care retirement communities located mostly in Florida, the companies said Thursday.

  • April 24, 2014

    Top Proxy Adviser Backs Loeb Board Shake-Up At Sotheby's

    The No. 1 proxy advisory firm on Thursday came down in favor of Dan Loeb's campaign to take a pair of seats on the Sotheby's board, giving the activist investor a powerful ally in his heated battle for flex over the famed New York auction house.

  • April 24, 2014

    Chemring Swings €167.8M Sale Of European Munitions Units

    Chemring Group PLC will sell its European munitions business to France's Nextar Systems SA for up to €167.8 million ($231.8 million), a deal that will help the military contractor refocus its business on its core sensors and countermeasures technologies, it said Thursday.

  • April 24, 2014

    Biomet Opts For $13.4B Sale To Zimmer, Halts IPO Plans

    Private equity-backed Biomet Inc. said Thursday it would trade hands in a $13.4 billion sale to medical device maker Zimmer Holdings Inc., effectively scrapping the orthopedic product firm's initial public offering plans amid a flurry of deal-making in the life sciences space.

  • April 24, 2014

    Kirkland-Led Chobani Gobbles Up $750M TPG Investment

    TPG Capital poured $750 million into Chobani Inc., putting the No. 1 Greek yogurt maker in the U.S. on more solid footing as it moves to expand its product line and sniff out an initial public offering, the company said late Wednesday.

  • April 24, 2014

    Waiting On FTC, Men's Wearhouse Extends Jos. A. Bank Offer

    Still waiting for regulators to approve its proposed $1.8 billion purchase of rival Jos. A. Bank Clothiers Inc., Men's Wearhouse Inc. said Thursday that it would yet again postpone the deadline for the target company's shareholders to throw their stock behind the deal.

Expert Analysis

  • Some Early Indications From The 2014 Proxy Season

    William M. Kelly

    As the 2014 proxy season unfolds, hedge fund activists are increasingly borrowing the playbooks of traditional governance activists, and there is rampant speculation that large institutional investors are supporting these funds behind the scenes, sometimes feeding them ideas. Meanwhile, director tenure may be the next frontier in the efforts of governance advocates to influence board composition, say William Kelly and Ning Chiu of Davis Polk & Wardwell LLP.

  • Legal Evolution: Back To Business

    Michael S. Lipps

    More often, smaller rivals are taking market share from the largest law firms. In this context, these smaller rivals are not small — they are super-regional firms with between 201 and 750 attorneys, large enough to serve the needs of a global corporation at a better value. And as they grow, they need to be sure they don’t make the same mistakes as the firms from which they’ve taken market share, says Michael Lipps of LexisNexis.

  • Reps And Warranties Insurance Rises In Health Care Deals

    Geoffrey C. Cockrell

    In the health care sector, many companies operate in gray areas of the law, where formal governmental guidance is not always available and industry practices tend to gravitate toward more aggressive interpretations. Insurance that provides coverage for losses arising from unintentional and unknown breaches of representations and warranties made in an acquisition or merger agreement can be a bridge across any concerns, say attorneys with McGuireWoods LLP.

  • Mandatory Pro Bono Is Not The Answer For Practitioners

     Amanda D. Smith

    The State Bar of California has decided to follow New York's lead and require prospective attorneys to record 50 hours of pro bono service in order to be eligible for admission. While we applaud the intentions behind these initiatives, there are a number of reasons why state bars should limit any mandatory pro bono requirement to this context, rather than extend it to licensed attorneys as some have suggested, say attorneys with the Association of Pro Bono Counsel.

  • Plaintiff Firms Continue Targeting Annual Meeting Proxies

    Gerard G. Pecht

    In what has become an annual rite of springtime, shareholder plaintiff lawyers are once again targeting Schedule 14A annual meeting proxy statements that include proposals on executive compensation, requirements for tax deductibility of performance-based compensation, and other issues requiring shareholder action. Fortunately for issuers, these types of claims usually fare poorly when plaintiffs are forced to defend them in court, say Gerard Pecht and Peter Stokes of Norton Rose Fulbright LLP.

  • Keeping Investment Funds Out Of Litigation Purgatory

    Casey McTigue

    Most seasoned investment fund managers know it’s only a matter of time before they get dragged into litigation over something. While much of that risk relates to sales of their portfolio companies, post-closing merger and acquisition litigation is easy to avoid, says Casey McTigue of SRS|Acquiom LLC.

  • Cross-Border Complexities: Keep The C-Suite Out Of Prison

    Shari L. Pire

    The potential for significant gains makes high-growth markets, such as Russia, Brazil and India, particularly enticing. But at what cost? Business practices that are both acceptable and customary in other countries may violate U.S. and other anti-bribery and corruption laws. However, there are ways to insulate the corporation from liability, says Shari Pire of Willkie Farr & Gallagher LLP.

  • How To Incentivize Management Across The Pond

    James Ross

    As the buyout market in the United Kingdom heats up, having a good understanding of the nuances of the tax regime and keeping on top of developments in market practice are key to ensuring U.S. private equity investors appear attractive in competitive processes. Remember, any sophisticated adviser will warn management against accepting U.S.-style stock options, and the U.K. market has developed a number of more tax-efficient incentives, which must be considered, say James Ross and Eleanor West of McDermott Will & Emery UK LLP.

  • Activist Investors — Brace Yourselves For 13D Changes

    Perrie Michael Weiner

    The U.S. Securities and Exchange Commission is turning more aggressive attention toward shareholder activists, and the issue of revising the Schedule 13D timetable is alive once again, largely due both to a recent media report and its confluence with another event — the news that such a measure has the support of perhaps the preeminent juridical voice in American corporate law, Delaware Supreme Court Chief Justice Leo E. Strine Jr., say Perrie Michael Weiner and Patrick Hunnius of DLA Piper.

  • The Future Of Law Firm PR: The Good, Bad And Ugly

    Paul Webb

    There has been a dramatic change in how public relations professionals interact with the news media to promote or protect a law firm’s brand and reputation. But content is queen and has a bright future in law firm PR — it all begins with a plan that should include goals, performance indicators and a system of assessment, say Paul Webb, director of marketing at Young Conaway Stargatt & Taylor LLP, and Kathy O'Brien, senior vice president at Jaffe PR.