Pennsylvania-based electronic instruments manufacturer Ametek Inc., whose products are used by industrial and aerospace companies, announced Wednesday that it has acquired a privately held power management systems manufacturer for approximately $128 million, giving it a boost in the medical and life sciences sectors.
Archer Daniels Midland Co. has given up its attempt at a AU$3.4 billion ($3.2 billion) takeover of GrainCorp Ltd. after an Australian regulator issued an order prohibiting the proposed acquisition, according to documents filed Monday with the U.S. Securities and Exchange Commission.
A British competition court quashed a decision by the U.K. Competition Commission blocking Groupe Eurotunnel SA from running ferry service across the English Channel following its €65 million ($88.3 million) acquisition of assets from the defunct SeaFrance SA, raising doubts as to whether the regulator had jurisdiction over the deal.
The D.C. Circuit overturned Tuesday a Federal Energy Regulatory Commission decision to allow the transfer of certain energy transmission facilities from one regional transmission organization to another, calling the decision arbitrary and capricious.
A Mississippi bankruptcy judge on Tuesday granted final approval for Advantage Rent A Car to secure a $36 million loan from Catalyst Capital Group Inc., which plans to buy the bankrupt rent-a-car company at a Dec. 9 auction.
The former owners of speech technology firm Dragon Systems Inc. asked the First Circuit on Wednesday to revive their allegations that Goldman Sachs & Co. failed to assess the stability of a company buying out Dragon, arguing that Goldman’s conduct was egregious enough to warrant liability.
Air travelers on Wednesday urged the Ninth Circuit to revive their antitrust class action over the $3 billion merger between United Air Lines Inc. and Continental Airlines Inc., arguing the lower court was wrong to dismiss the case because they've shown the deal harmed competition in the national airline market.
Carl Icahn is pushing for a shareholder vote on his proposal for Apple Inc. to beef up its buyback initiative, though the billionaire said Wednesday he has backed off his calls for the tech giant to pursue a record-setting $150 billion repurchase program.
Charter air service provider Global Aviation Holdings Inc. asked a Delaware bankruptcy court late Tuesday to consider a plan for a stalking horse auction to a unit of Cerberus Capital Management LP, setting the floor with an as-yet undetermined credit bid against first-lien debt.
Federal regulators have approved a $130 billion deal between Verizon Communications Inc. and joint venture partner Vodafone Group PLC that will allow Verizon to gain full control of Verizon Wireless, the company said Wednesday.
Investment firm TDR Capital LLP on Tuesday unveiled plans to halve its Phoenix Group Holdings PLC stake in a deal that will leave it an 8 percent interest in the British insurer and a payout worth roughly £159 million ($207 million), based on current market rates.
Customers suing AMR Corp. and US Airways Group Inc. once again were stymied in their efforts to block the airlines' merger when a New York bankruptcy judge on Wednesday rejected their request to halt the implementation of the joinder pending an appeal of an earlier decision.
A Delaware bankruptcy judge blessed a slate of first-day motions for OCZ Technology Group Inc. on Wednesday, including approval of a $23.5 million debtor-in-possession financing package that will keep the computer drive maker running as it pursues a Section 363 sale with stalking horse bidder Toshiba Corp.
Health care and life sciences giant Getinge AB plans to offer €139.3 million ($189.3 million) for medical monitoring solutions company Pulsion Medical Systems SE, a deal that would complement Getinge's recently released glucose and lactate monitoring system, according to a Wednesday statement.
Jenner & Block LLP has snagged for its Los Angeles office a veteran corporate attorney with expertise in mergers and acquisitions, who previously served as a partner at Kaye Scholer LLP, the firm announced Monday.
Allen & Overy LLP continued to expand its global antitrust practice by bringing aboard a former official with Australia's competition watchdog agency with merger expertise for its office in Sydney, the firm announced Monday.
Cigarette makers Philip Morris International Inc. and Japan Tobacco Inc. have agreed to pay a combined $1.5 billion for each to acquire a 20 percent stake in Russian tobacco and beverages distributor Megapolis Distribution B.V., a holding company of CJSC TK Megapolis, the companies said Wednesday.
Golden Gate Capital has acquired crash test dummy developer Humanetics Innovative Solutions Inc. and its affiliates from fellow private equity firm Wynnchurch Capital, the companies announced Wednesday.
General Motors Co. will shed the last of its stake in former lending unit Ally Financial Inc. in a placement worth $900 million, while Men's Wearhouse — itself on a buyout hunt — is closing in on a deal that would send its discount clothing unit to Sycamore Partners.
Chemtrade Logistics Income Fund will buy General Chemical Corp. from New York private equity firm American Securities LLC for $860 million in cash, the companies said Wednesday, in a deal that Chemtrade said boosts its business in the worlds of water treatment chemicals, sulphuric acid and specialty chemicals.
Although it is theoretically possible to share intellectual property ownership between the buyer and the target when constructing shared-ownership deals, there are circumstances that make joint ownership impractical. For instance, granting trademark ownership rights to two unrelated entities may be contrary to fundamental trademark policy or, at the very least, may cause consumer confusion or result in a weakened trademark, say Ethan Horwitz of King & Spalding LLP and Kandis Koustenis of The Francis Co.
Because Latin American countries differ substantially from one another, there is no effective one-size-fits-all approach to anti-corruption compliance in the region. That said, companies doing business in the region should be aware of a number of recurring compliance concerns that may lead to an increased risk of violating the FCPA or other applicable anti-bribery laws, say attorneys with Debevoise & Plimpton LLP.
Although the bones of the R&D tax credit have not changed substantially over time, there have been small revisions legislatively and further clarification provided by court rulings. The latest extension of the credit — in effect until Dec. 31, 2013 — includes changes around the rules for taxpayers under common control and rules for computing the credit when a portion of a trade or business changes hands, says Jacqueline Lee, tax director at Baker Tilly Virchow Krause LLP.
Even if the European economic recovery remains constrained, the global real asset rotation and navigation of the commercial real estate debt gap should continue to propel real estate investment up the risk curve in 2014. The growing participation of larger institutional players also signals larger deals in core markets, says Eric Rosedale, co-chairman of Dentons real estate group in Europe.
A new law in Mongolia dramatically alters the investment landscape in the country, eliminating the broad restrictions on private foreign investment in the minerals, communication and financial sectors that previously existed, removing the parliament from the approval process, and ending the distinction between foreign and domestic investors, says Stewart Diana of DLA Piper LLP.
Given the Tax Court decision in G.D. Parker Inc. v. Commissioner of Internal Revenue, corporate structures involving the holdings of personal use U.S. real estate should be revisited. Several alternative structures might be feasible and may serve to reduce or avoid the Parker risk for new acquisitions, says Charles Kolstad of Venable LLP.
Mandated law student pro bono programs have not worked in championing the causes of social justice for those unable to afford counsel. States would be far better off using their resources to insist on a legislative solution to a very troubling and persistent deficiency in the allocation of legal resources, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.
The Federal Communications Commission recently unanimously adopted a declaratory ruling granting a request by the Coalition for Broadcast Investment to relax a longstanding de facto cap on foreign investment in broadcast companies, which marks a significant shift in regulatory policy and, in turn, presents a significant business opportunity, says Mace Rosenstein of Covington & Burling LLP.
Cross-border business structures are coming under increasing scrutiny, especially in relation to the structure and management of their tax affairs. In conducting reviews of a U.S. taxpayer's affairs, or as part of proceeding to litigation, the IRS may want access to U.K.-located information — and there are number of ways to get it, say Chris Hutley-Hurst and Jonathon Egerton-Peters of Skadden Arps Slate Meagher & Flom LLP.
Picture this: A seller of goods is losing tens of millions of dollars per year on a requirements contract containing price caps that the parties have operated under for years. Given the Uniform Commercial Code and relevant case law, it would be natural — and completely logical — to accept the cogent authority establishing that rising costs are generally insufficient to invalidate a contract. I am betting that, in this case, the law will trick you, says Andrew Jarzyna of Ulmer & Berne LLP.