The health care sector might see more consolidation as insurer Humana Inc. considers selling itself after being approached by competitors for a possible takeover, while Intel Corp. is nearing a deal to swallow chip-making rival Altera Corp.
Ireland’s parliament voted Thursday to approve the sale of its 25 percent stake in Aer Lingus Group PLC to British Airways owner International Consolidated Airlines Group SA, moving IAG's $1.5 billion takeover of Aer Lingus one step closer to becoming a reality.
The Federal Trade Commission issued an administrative complaint on Friday seeking to block a $1.9 billion deal merging sterilization providers Steris Corp. and Synergy Health PLC, claiming the cross-border tie-up would harm competition for radiation-based sterilization services.
Iowa-based bank holding company Heartland Financial USA Inc. has continued its rapid U.S. expansion by agreeing on Friday to buy California-based Premier Valley Bank for roughly $95 million, giving Heartland a total of 95 banking locations in 11 states with about $7 billion in total assets.
Global data center service firm Equinix Inc. has agreed to buy U.K. peer Telecity Group PLC for about £2.35 billion ($3.6 billion), the companies said on Friday, quashing a previously agreed upon merger between Telecity and Interxion Holding NV.
Sidley Austin LLP has lured the former co-leader of Stroock & Stroock & Lavan LLP's entertainment practice group to its newly opened second office in Los Angeles, where he will bring significant experience representing prominent entertainment industry players in complex mergers, acquisitions and financing transactions, the firm said Thursday.
In this week's Taxation With Representation, a phalanx of attorneys from Latham & Watkins, Skadden and Morrison & Foerster work Avago Technologies Ltd.'s $37 billion historic purchase of a rival chipmaker, while Baker Botts and Sullivan & Cromwell work behind the scenes of the blockbuster $55 billion tie up between Charter Communications Inc. and Time Warner Cable Inc.
Federal Trade Commissioner Maureen K. Ohlhausen on Friday urged the antitrust agency to put pressure on state legislatures around the country to scrap laws requiring state approval for the construction of new hospitals, saying the laws are “anti-competitive" in nature and create barriers for new market entrants.
Capmark Financial Group Inc., guided by Akin Gump Strauss Hauer & Feld LLP and Faegre Baker Daniels LLP, will buy senior-focused clothing retailer Orchard Brands Corp. for $410 million in cash to complement its retail subsidiary Bluestem Brands Inc., the companies said Wednesday.
A DC federal judge grilled the Federal Trade Commission on its case to block the $3.5 billion Sysco Corp.-U.S. Foods Corp. merger Thursday, questioning disputed expert testimony central to the agency’s effort.
A trio of private equity firms are said to be among the frontrunners to acquire a General Electric Co. unit that funds leveraged buyouts, while the infrastructure arm of Australian banking giant Macquarie Group Ltd. is shopping around a potential sale of Moto Hospitality Ltd.
Online travel giant Expedia Inc. will sell $710 million in bonds to finance its proposed $1.6 billion acquisition of online booking site Orbitz Worldwide Inc., the company said on Thursday.
A Delaware bankruptcy judge agreed Thursday to approve casual restaurant chain Saladworks LLC's $16.9 million sale to a unit of private equity firm Centre Lane Partners LLC after no suitors came forward to best the stalking horse bid.
Brazilian investment bank BTG Pactual SA said Wednesday that it has sold 1.6 billion reais' ($505.6 million) worth of hospital group Rede D'Or Sao Luiz SA to Singapore’s sovereign wealth fund, which reportedly also bought an equally big slice of Rede D'Or from its founder’s family.
Frederick's of Hollywood Inc. said Wednesday in Delaware court that it has canceled an auction to sell off its intellectual property because the bankrupt lingerie retailer received no qualified bids that challenged the $22.5 million put up by stalking horse Authentic Brands Group LLC.
A California federal judge on Wednesday tossed a suit brought by a Michigan attorney accusing a privately held software developer of denying his right to a $175 million stake, ruling the attorney didn’t act in the company’s best interests and the agreements he drafted were “plainly unfair.”
Defense contractor L-3 Communications has agreed to buy U.K.-based airline pilot training and resourcing company CTC Aviation Group for £143 million ($220 million), the companies said on Thursday, in a move meant to bolster L-3's commercial aviation training business.
Private equity-backed Ironshore Inc. formally withdrew plans for an initial public offering Thursday, after the U.S. insurance group inked a $1.83 billion buyout by Fosun International Ltd., its largest shareholder.
NXP Semiconductors NV said Thursday it will shed its radio frequency power amplification business in a $1.8 billion deal with Chinese government-owned Jianguang Asset Management Co. Ltd. to help seal its proposed purchase of private equity-backed Freescale Semiconductor Ltd.
After several months of negotiations, Sunac China Holdings Ltd. on Thursday announced that it had dropped its $1.19 billion bid to pick up struggling Kaisa Group Holdings Ltd.
The best outside counsel change their optics to think like the client. For these lawyers, client service is not just about top-notch legal work — it is about making life easier for the entire in-house team. In the words of litigation counsel at medical device company Zimmer Inc. and outside counsel at Faegre Baker Daniels LLP, here are four ways outside counsel can better serve clients.
For the past several years, there has been great focus on amendment of corporate bylaws to corral and curtail shareholder challenges to mergers. There are now three main solutions afoot, but these initiatives will have unintended consequences that will leave us with a different set of problems than the ones they solved, says Douglas Greene of Lane Powell PC.
New data strongly suggests energy companies will likely accelerate the refracturing of previously hydraulically fractured wellbores in unconventional shale gas plays across the U.S. The trend from industry analysis points to a much more positive outlook for refracking's growth potential than the present market consensus would suggest, says Gabriel Collins of Baker & Hostetler LLP.
The potential applicability of the international comity and forum non conveniens doctrines can be particularly useful in the realm of M&A litigation, where success is often attained by gaining procedural advantages to end the litigation or at least drive down the cost of settlement, say Jim Howard and Nathan Rouse of Davis Wright Tremaine LLP.
The problem with the existing M&A due diligence paradigm is that it does not take into consideration risks in contracts that were not considered material to the transaction — risks that will become apparent following closing as these contracts are integrated into the contract management processes of the purchaser, says David Klein of QuisLex Inc.
When there are deadlocks over material decisions in a joint venture, judicial dissolution is often an imperfect solution of last resort. Negotiated solutions hammered out while disputes and personal animosities may be clouding the parties’ judgment also may fail to provide satisfactory relief, say Kenneth Gerasimovich, a shareholder at Greenberg Traurig LLP, and Jennifer Brady, a New York-based attorney.
It has become all too common in transaction-related stockholder litigation for the pleading net to be cast widely, embroiling disinterested and independent directors into long and costly litigation. The Delaware Supreme Court's decision in the case of Cornerstone Therapeutics Inc. should lead to closer scrutiny of allegations against individual directors, say attorneys with Paul Hastings LLP.
Cybercriminals are increasingly deploying clever schemes to exploit company executives and their advisers in connection with corporate transactions, including financing transactions and mergers and acquisitions. These sophisticated schemes include emails that provide a closing or a litigation settlement that would seem wholly legitimate to the recipient, say Brent McIntosh and Judson Littleton of Sullivan & Cromwell LLP.
Notwithstanding commentary suggesting otherwise, in our view, the recent Delaware Chancery Court decision in a derivative suit related to an El Paso Pipeline Partners LP “drop-down” transaction does not indicate that the court will be more likely than in the past to find liability of master limited partnership general partners or their bankers, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
There has been a rapid and robust growth in the number of companies offering electronically stored information collection, management and processing services. But a recent survey indicated that not all service providers offer the level of expertise needed in today’s world of big data, the cloud and mobile devices, says Barry O’Melia, chief operations officer at Digital WarRoom.