Mergers & Acquisitions

  • November 25, 2015

    GE Trims Confidential Info Request After LG, Lowe's Object

    General Electric on Wednesday trimmed a request for its in-house attorney to have access to confidential information from competitors like LG in the bench trial challenging GE’s $3.3 billion deal with Electrolux, after LG and Lowe’s objected to allowing “unprecedented” access to such information.

  • November 25, 2015

    Ex-Faruqi Atty Sues For Slice Of Firm’s Leucadia Suit Fees

    An ex-Faruqi & Faruqi LLP partner who testified in a recent sex assault case against the firm launched a New York federal suit Wednesday, saying Faruqi didn’t pay her for work in shareholders’ litigation challenging Leucadia National Corp.'s $3 billion deal for Jefferies Group Inc.

  • November 25, 2015

    FTC OKs $12B NXP, Freescale Tie-Up With Conditions

    The Federal Trade Commission on Wednesday cleared NXP Semiconductors NV’s $11.8 billion takeover of private equity-backed Freescale Semiconductor Ltd. on the condition that NXP unload its so-called radio frequency power amplifier assets to assuage the commission's competition concerns.

  • November 25, 2015

    WuXi PharmaTech Shareholders Approve $3.3B Go-Private Deal

    China-based research and development service provider WuXi PharmaTech on Wednesday said that its shareholders have approved a $3.3 billion deal with a consortium of private equity investors and the company’s founders that will take the company private.

  • November 25, 2015

    4 Tips To Ensure Social Media Doesn't Wreck Your M&A Deal

    As social media continues to permeate every facet of society, it's more important than ever for those in the business world to take heed, because a single tidbit of information accidentally posted to Facebook or Twitter concerning an in-the-works merger or acquisition can cause serious headaches for both attorneys and their clients. Here, Law360 looks at ways to ensure social media doesn't derail your deal.

  • November 25, 2015

    Albertsons Buying Back 30 Stores From Bankrupt Haggen

    Albertsons received a Delaware bankruptcy judge’s blessing Tuesday to buy back 30 grocery stores it sold to small chain Haggen, which has failed under the weight of its rapid expansion, undoing a major aspect of the $9.2 billion Albertsons-Safeway merger's regulatory approval.

  • November 25, 2015

    Dechert Steers Intrawest In $85M Time Share Biz Sale

    Intrawest Resorts Holdings Inc., with guidance from Dechert LLP, has struck an $85 million deal to sell its vacation club business to Diamond Resorts International Inc., according to a statement on Wednesday.

  • November 25, 2015

    An In-House Cheat Sheet On Tax Inversion Deals

    Following years of increasing popularity among companies seeking to escape the long arm of U.S. taxes, inversion deals are in the hot seat after Pfizer Inc. announced a blockbuster merger with Irish drugmaker Allergan PLC on the tail of the IRS' new attempts to halt the practice. So how did we get here? Here’s what you need to know.

  • November 25, 2015

    Deals Rumor Mill: Bain Capital, Syngenta, Deutsche Wohnen

    Bain Capital is selling $116 million worth of shares in motorcycle and scooter seller Hero MotoCorp Ltd., Syngenta AG is mulling potential takeovers, joint ventures or asset sales and German real estate giant Deutsche Wohnen AG is buying a residential property portfolio worth more than $1 billion.

  • November 25, 2015

    Alaska Pays $65M To Buy Out TransCanada LNG Contract

    Alaska has paid TransCanada Corp. $64.6 million to terminate a contract over a proposed liquefied natural gas project, moving the corporation’s share in the project over to the state, Gov. Bill Walker announced Tuesday.

  • November 25, 2015

    Shareholders Reject Hong Kong Tycoon's $12.4B Merger Plan

    Minority shareholders on Tuesday blocked a proposal for billionaire businessman Li Ka-Shing to consolidate his empire by having his company Cheung Kong Infrastructure Holdings Ltd. buy out cash-rich Power Assets Holdings, which Li also controls, in a $12.4 billion deal.  

  • November 24, 2015

    Signal International Wins Confirmation Of Ch. 11 Plan

    A Delaware bankruptcy judge gave oil services company Signal International LLC the go-ahead Tuesday for its sale to senior lenders and confirmation of its Chapter 11 plan, which aims to pay roughly $20 million to ex-employees who have made serious labor trafficking accusations against the debtor.

  • November 24, 2015

    GE, Electrolux Can't Get Quick End To Some Antitrust Claims

    A D.C. federal judge pushed off a decision over whether to nix half the government's antitrust case against Electrolux’s $3.3 billion acquisition of General Electric’s appliance unit Tuesday, saying he may hold off until the end of the bench trial to decide the matter.

  • November 24, 2015

    IRS Won't Challenge Loss Over $24M LifeCare Sale Tax Bill

    The federal government told the Third Circuit on Monday that it has decided not to pursue its challenge over LifeCare Holdings Inc.'s $320 million bankruptcy sale to Carlyle Group LP that purportedly stiffed the Internal Revenue Service for $24 million in capital gains taxes.

  • November 24, 2015

    PE Firm Can't Rewrite $100M Enviro Co. Buy, Rival Says

    Private equity firm Florida Capital Partners Inc. has asked a New York judge to toss a suit claiming The Halifax Group LLC was misled into paying $100 million for an environmental remediation company, arguing the PE competitor is just trying to renegotiate the buyout in court.

  • November 24, 2015

    Dish Hits Charter Again In FCC Filing Over TWC Merger

    Dish Network Corp. hit Charter Communications Inc. once again Monday with another complaint against the company’s proposed acquisition of Time Warner Cable Inc., saying newly released data shows that the new company together with Comcast would control an unacceptably large share of the high-speed broadband market.

  • November 24, 2015

    The 3 Biggest Myths About Tax Inversion Deals

    With U.S. pharmaceutical giant Pfizer rolling out the largest-ever inversion play, the buzz surrounding the tax-motivated deal structure is reaching new heights, but that doesn't mean all the information buzzing around is accurate, experts say. Here, Law360 busts the three biggest myths about inversion transactions.

  • November 24, 2015

    Life Time Fitness CEO Calls $2.8B PE Buyout Suit Defective

    The CEO of Life Time Fitness on Monday asked a Minnesota federal judge to dismiss a proposed shareholder class action claiming the company’s $2.8 billion private equity buyout undervalued the company and was supported by a misleading proxy statement, calling the allegations “speculative.”

  • November 24, 2015

    Ladbrokes Investors Greenlight $3.52B Gala Coral Tie-Up

    Shareholders in U.K. online sports-betting and casino company Ladbrokes overwhelmingly approved Tuesday a proposed tie-up with private equity-backed rival Gala Coral Group Ltd., to create a combined company worth £2.3 billion ($3.52 billion) over billionaire Dermot Desmond's objections.

  • November 24, 2015

    FedEx, TNT Express Score FTC OK On $4.8B Merger

    FedEx Corp. and Dutch delivery service TNT Express NV have scored U.S. antitrust approval from the Federal Trade Commission to seal their €4.4 billion ($4.7 billion) merger , putting FedEx on course to significantly bolster its footprint in Europe.

Expert Analysis

  • OPINION: In Search Of Our Best Law Firm Selves

    James Maiwurm.jpg

    Several developments over the past few months caught the eye of Jim Maiwurm, chairman emeritus of Squire Patton Boggs. Try as he might, he could not resist the temptation to comment on a few — such as the expansion of the Dentons “polycentric” empire, a confused verein controversy, and provocative suggestions that the law firm partnership model is a dinosaur.

  • 5th Circ. Clarifies And Complicates Choice-Of-Law Analysis

    Michael D. Karpeles

    As companies grow and expand into multiple states, determining the applicable law for restrictive covenants can be puzzling. In a case related to the merger of Prosperity Bank in Texas and F&M Bank in Oklahoma, the Fifth Circuit provides a useful road map, but also demonstrates that there is no certainty that the chosen law will be enforced against employees in other states, says Michael Karpeles of Greenberg Traurig LLP.

  • New Federal Rules Acknowledge It’s Time To Drop The 'E'

    Gregory Leighton

    The amendments to the Federal Rules of Civil Procedure scheduled to take effect Dec. 1 are designed to usher in a new era in the U.S. litigation system, this time acknowledging that what was once known as “e-discovery” is now just discovery. The amendments are sweeping in scope, but none is more important than the revised Rule 37(e), say Gregory Leighton and Eric Choi of Neal Gerber & Eisenberg LLP.

  • Deciphering Activists' Increasingly Complicated Positions

    Ed Batts

    Peeling away the various arguments of stockholder activists and their often larger-than-life personas lays bare the gritty details of the ways stockholder activists actually take positions in their companies and what, if any, notice a company may have of such a position. Discerning where they may pop up next requires nuance and sophistication, says Ed Batts of DLA Piper.

  • New 'Unbundling Rule' Reading May Have Little Impact

    Philip Richter

    The U.S. Securities and Exchange Commission has issued two new compliance and disclosure interpretations of the so-called “unbundling rule” as part of the political reaction against inversions. However, the new, separate vote required on material corporate governance changes in M&A represents process without substance and is unlikely to have a practical effect, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • 3 Ways Technology Is Changing Law Office Designs


    A growing number of attorneys and firms are eschewing tradition by embracing technology to change not only the way we work, but also the way we organize our offices, says Anthony Johnson, founder and CEO of American Injury Attorney Group.

  • State Statutes May Stymie Arbitration Of R&W Disputes

     Michael J. Gill

    There is a potential trap for parties choosing to arbitrate representations and warranties insurance disputes. In some jurisdictions, the parties to an R&W insurance policy may be unable to enforce the arbitration provision because of state laws. There is some good news, however, say Michael Gill and Alexandra Newman at Mayer Brown LLP.

  • The Future Of Appraisal Cases After BMC Software

    Yosef J. Riemer

    The Delaware Chancery Court's BMC Software decision will make it harder for appraisal petitioners to challenge a merger price resulting from a thorough and effective sale process, say attorneys with Kirkland & Ellis LLP.

  • 13 Key Business Objectives For Corporate Legal Departments

    Joe Kanka

    Over the past 35 years, Joe Kanka has experienced the corporate legal department from many angles, including management positions at a major law firm litigation support center, two legal staffing companies, and inside AT&T and Bell Atlantic. Here, he shares his 13 key business objectives that corporate legal departments must strive for in today’s business environment.

  • GM Judge Clearly Sets Out Permissible Faulty Switch Suits

    Benjamin D. Feder

    A decision last week by a New York bankruptcy judge splits innumerable hairs, but delineates the extent to which the new General Motors — which acquired the assets of "Old GM" in 2009 — is shielded from lawsuits based on ignition switch defects in cars manufactured prior to the acquisition, says Benjamin Feder of Kelley Drye & Warren LLP.