Mergers & Acquisitions

  • August 07, 2024

    3 Firms Steer $405M G1-Pharmacosmos Pharma Deal

    G1 Therapeutics Inc., a North Carolina-based developer of cancer therapies, has agreed to sell the business to the U.S. subsidiary of Denmark's Pharmacosmos A/S, for approximately $405 million, the companies said Wednesday.

  • August 07, 2024

    PE Firm Gets Extension To Make £253M Bid For Payments Co.

    Equals Group PLC said Wednesday that the U.K. authority on takeover and merger transactions has extended the deadline for private equity company TowerBrook and financial startup Railsr to officially confirm their proposed £253 million ($321 million) takeover offer, or walk away from it.

  • August 07, 2024

    KKR To Buy Majority Stake In Ad Group FGS In $775M Deal

    Investment giant KKR & Co. Inc. said Wednesday that it has agreed to buy a majority stake in FGS Global, in an all-cash deal that values the global public relations firm at $1.7 billion.

  • August 06, 2024

    3 Firms Guide AI-Focused Semiconductor Maker's SPAC Deal

    Special-purpose acquisition company byNordic Acquisition Corp. said Tuesday it plans to acquire and take public an artificial intelligence-focused subsidiary of Sivers Semiconductors AB through a deal advised by three law firms.

  • August 06, 2024

    Cannabis Co. Sued For Docs On Insider-Tied Note, Sale Plans

    A stockholder of cannabis sourcing company Eaze Technologies Inc. — now facing a foreclosure auction — sued in Delaware's Court of Chancery Tuesday for books and records surrounding a founder- and insider-controlled note purchase and security agreement and alleged "take-under" sale scheme.

  • August 06, 2024

    Dem Lawmakers Back FTC's Kroger-Albertsons Challenge

    A group of Democratic lawmakers is supporting the Federal Trade Commission in its suit to block Kroger's $25 billion acquisition of Albertsons, telling an Oregon federal judge in a friend-of-the-court brief that the agency's fears the deal would harm grocery workers and consumers are well-founded.

  • August 06, 2024

    Feds Seek $3.5M Premerger Penalty From Sporting Events Biz

    Federal prosecutors have struck a deal requiring sports and entertainment event company Legends Hospitality to pay a $3.5 million penalty to settle allegations that it illegally conducted business with acquisition target ASM Global Inc. before finalizing the deal.

  • August 06, 2024

    Gibson Dunn Guiding Veritas On $2.45B Cloud Banking Buy

    Gibson Dunn is advising Veritas Capital on a deal to purchase the cloud-based digital banking business of NCR Voyix Corp., represented by King & Spalding, for $2.45 billion in cash plus a potential future payment of up to $100 million, NCR Voyix said in a statement Tuesday.

  • August 06, 2024

    Luxembourg Telecoms Biz Weighs Investor's New $4.4B Bid

    Millicom said Tuesday that a committee of independent directors is reviewing a revised $4.4 billion offer made by Atlas Investissement, after the Luxembourg-based telecommunications company rejected a $4.1 billion bid in July.

  • August 06, 2024

    Tate & Lyle Sugar Biz Deal Gets Provisional UK Nod

    Britain's competition authority said Tuesday that it has provisionally cleared Tate & Lyle's planned acquisition of the U.K. business of Tereos, dissolving earlier antitrust concerns after it found that the loss-making producer of agricultural raw materials would probably fold if the deal does not go ahead.

  • August 06, 2024

    Brown & Brown Buys Trade Credit Insurance Specialist

    Brown & Brown (Europe) Ltd. said Tuesday that it has bought trade credit insurance broker The CI Group Holdings Ltd. to expand its services for lenders and the small and midsized businesses in the U.K.

  • August 05, 2024

    Elon Musk Can't Beat Twitter Investors' Suit Over Bot Claim

    A California federal judge on Monday denied Elon Musk's bid to escape a shareholder suit alleging he misled Twitter investors by claiming the company had to provide information on an alleged bot problem before he could move forward with his $44 billion acquisition, saying Musk leaned on already-rejected arguments.

  • August 05, 2024

    DXC Investor's Suit Says Execs Overhyped Integration Efforts

    A DXC Technology investor filed a proposed class action in Virginia federal court Friday alleging the information technology giant over-touted its "transformation journey" and efforts to reduce restructuring and integration costs after acquiring several companies that caused investors to buy DXC common stock at artificially inflated prices.

  • August 05, 2024

    Spectrum, Assertio Hit With Double-Derivative Suit In Del.

    Former Spectrum Pharmaceuticals Inc. shareholders sued the company and its acquirer Assertio Inc. in Delaware's Court of Chancery on Monday, asserting double-derivative claims in connection with Spectrum's alleged misleading of investors regarding its development of the lung-cancer drug poziotinib.

  • August 05, 2024

    Poultry Co. Fights Bid For $217K In Legal Costs For Subpoena

    A poultry rendering company suing Tyson Foods for allegedly deploying anticompetitive tactics in order to force a dramatically undervalued buyout is fighting a bid from Darling Ingredients, a nonparty in the suit, to recoup the money spent fighting a subpoena.

  • August 05, 2024

    Catching Up With Delaware's Chancery Court

    Sunken treasure, rock band discord, a wrestling competition, and more news about Elon Musk — all in all, a colorful week in Delaware's Court of Chancery. The First State's famous court of equity also pushed forward on disputes involving a famous social media app, Delaware's largest hospital system, an artificial intelligence company and a budding commodity futures exchange.

  • August 05, 2024

    JetBlue, Spirit Scoff At Flyers' $34M Fee Bid Over Nixed Deal

    JetBlue and Spirit said air travelers who challenged their merger shouldn't get a cent of a late and exorbitant request for up to $34 million in attorney fees in a case where they simply "piggybacked" on the U.S. Department of Justice's successful effort to block the deal.

  • August 05, 2024

    Freshfields, Wachtell Guide $925M CVC, Mallinckrodt Deal

    Dublin-based pharmaceutical company Mallinckrodt has inked a deal to sell its immunotherapy business Therakos to Luxembourg-based private equity firm CVC Capital Partners for $925 million, Mallinckrodt said in a Monday statement.

  • August 05, 2024

    David Beckham-Backed Gaming Biz Announces Takeover Deal

    Guild Esports PLC, a sports video game business co-owned by David Beckham, announced Monday it has inked a letter of intent for its proposed takeover by American investment manager DCB Sports LLC for an undisclosed sum.

  • August 05, 2024

    Touchstone Weighs Options As Rival Swoops To Buy Oil Biz

    Canadian oil and gas company Touchstone on Monday urged the shareholders of Trinity Exploration to not take any action in response to rival Lease Operators' superior £26.4 million ($33.7 million) bid.

  • August 05, 2024

    PE Firms Carlyle, Quantum Ink $3B Deal For US Power Co.

    Houston-based Quantum Capital Group said Monday it has agreed to purchase Cogentrix Energy, a U.S. independent power producer, from Carlyle for about $3 billion.

  • August 05, 2024

    3 Firms Guide $1.75B Thoughtworks-Apax Deal, Stock Soars

    Chicago-based Thoughtworks said it will be sold to British private equity firm Apax Partners LLP at a roughly $1.75 billion enterprise value, a deal that sent the technology consultancy's stock soaring more than 25% on Monday morning.

  • August 05, 2024

    SocGen Sells 2 Banking Units To Swiss Bank For €900M

    Societe Generale said Monday that it has agreed to sell two of its private banking subsidiaries in the U.K. and Switzerland to a Swiss bank for €900 million ($990 million), as well as all its business in Madagascar, in a move to streamline its business.

  • August 05, 2024

    Sidara Pulls £1.6B John Wood Bid, Cites Geopolitical Risk

    Engineering consultancy Sidara has pulled its £1.6 billion ($2 billion) proposed takeover offer for British rival John Wood because of "geopolitical risks and financial market uncertainty," the companies said Monday.

  • August 05, 2024

    Latham Helps Woodside Buy Clean Ammonia Biz For $2.4B

    Australian oil and gas giant Woodside Energy will buy OCI NV's low-carbon ammonia facility in Texas for $2.35 billion in cash to help with its transition to cleaner forms of energy, the companies said Monday.

Expert Analysis

  • 4 Legal Ethics Considerations For The New Year

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    As attorneys and clients reset for a new year, now is a good time to take a step back and review some core ethical issues that attorneys should keep front of mind in 2024, including approaching generative artificial intelligence with caution and care, and avoiding pitfalls in outside counsel guidelines, say attorneys at HWG.

  • SEC Case May Expand Scope Of Insider Trading Liability

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    The U.S. Securities and Exchange Commission's first-of-its-kind enforcement action against an individual in a case involving "shadow trading" demarcates an expansion of insider trading liability to circumstances in which there is a market connection between the source of information and the issuer of the securities traded, say attorneys at Steptoe.

  • What The Law Firm Of The Future Will Look Like

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    As the legal landscape shifts, it’s become increasingly clear that the BigLaw business model must adapt in four key ways to remain viable, from fostering workplace flexibility to embracing technology, say Kevin Henderson and Eric Pacifici at SMB Law Group.

  • The Year Ahead In Foreign Investment And National Security

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    In 2024, expect the Committee on Foreign Investment in the United States, already at the forefront of addressing national security threats, to increase monitoring and enforcement related to outbound investment, focus on supply chain resilience in nondefense sectors, and heighten oversight of agricultural transactions, say attorneys at Holland & Knight.

  • 4 PR Pointers When Your Case Is In The News

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    Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.

  • Antitrust Enforcement Initiatives To Watch In 2024

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    The U.S. Department of Justice is likely to prioritize information-sharing prosecutions in 2024, following last year's withdrawal of safe harbors, as well as labor market enforcement after trial losses forced a pullback in 2023, say attorneys at Fried Frank.

  • Law Firm Strategies For Successfully Navigating 2024 Trends

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    Though law firms face the dual challenge of external and internal pressures as they enter 2024, firms willing to pivot will be able to stand out by adapting to stakeholder needs and reimagining their infrastructure, says Shireen Hilal at Maior Consultants.

  • The Most-Read Legal Industry Law360 Guest Articles Of 2023

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    A range of legal industry topics drew readers' attention in Law360's Expert Analysis section this year, from associate retention strategies to ethical billing practices.

  • What The 2023 Bank Failures Taught Us, And What's To Come

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    As 2023 draws to a close, it's apparent that the bank failures this past spring sparked a seismic shift in the regulatory and supervisory landscape for banking organizations, and the consequences are still continuing to be felt throughout the financial sector as we head into 2024, say attorneys at Morgan Lewis.

  • Trends Shaping The 2024 Consumer Packaged Goods Industry

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    The better-for-you segment within the consumer packaged goods industry is poised for a significant evolution in 2024, and industry players must remain agile and adaptive through M&A activities, legal considerations, sustainability initiatives and changing technology, says Christopher Cain at Foley & Lardner.

  • Attorneys' Busiest Times Can Be Business Opportunities

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    Attorneys who resolve to grow their revenue and client base in 2024 should be careful not to abandon their goals when they get too busy with client work, because these periods of zero bandwidth can actually be a catalyst for future growth, says Amy Drysdale at Alchemy Consulting.

  • In The World Of Legal Ethics, 10 Trends To Note From 2023

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    Lucian Pera at Adams and Reese and Trisha Rich at Holland & Knight identify the top legal ethics trends from 2023 — including issues related to hot documents, artificial intelligence and cybersecurity — that lawyers should be aware of to put their best foot forward.

  • Del. Dispatch: The 2023 Corporate Cases You Need To Know

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    Corporate and mergers and acquisitions litigation has continued at a fevered pace this year, with the Delaware courts addressing numerous novel issues with important practical implications, including officer exculpation and buyer aiding-and-abetting liability, say attorneys at Fried Frank.

  • How Attorneys Can Be More Efficient This Holiday Season

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    Attorneys should consider a few key tips to speed up their work during the holidays so they can join the festivities — from streamlining the document review process to creating similar folder structures, says Bennett Rawicki at Hilgers Graben.

  • Exploring Middle-Market M&A Trends In 2023 And Beyond

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    Middle-market merger and acquisition activity this year was affected by a number of economic, legal and regulatory shifts, with certain trends pointing to favorable transaction conditions in 2024, say Jason Brauser and William Goodling at Stoel Rives.

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