Mergers & Acquisitions

  • March 18, 2024

    SEC Fines Supervisor $47K Over Revenue Inflation Claims

    A former finance director of water treatment company Evoqua Water Technologies Corp. will pay the U.S. Securities and Exchange Commission nearly $47,000 to resolve claims that he was part of a scheme to inflate the company's revenue by $36 million.

  • March 18, 2024

    Del. Suit Details Wrongful Takeover Of Telecom System Co.

    The founder and former CEO of a Florida-headquartered telecommunications infrastructure building company has sued the head of an investment firm and others Monday in Delaware's Court of Chancery, accusing them of carrying out a "fraudulent scheme" to wrest control of the business.

  • March 18, 2024

    Minute Media Buys Rights To Publish Sports Illustrated

    Digital content business Minute Media has purchased the publishing rights for Sports Illustrated, keeping alive a longtime brand that recently obliterated its newsroom with layoffs and shut down its betting platform, according to a Monday announcement.

  • March 18, 2024

    Paul Hastings-Led Francisco Partners To Pay $1.2B For Jama

    Tech-focused private equity investor Francisco Partners has agreed to buy Portland, Oregon-based Jama Software from shareholders including Insight Partners and Madrona Ventures for $1.2 billion, the companies said Monday. 

  • March 18, 2024

    Latham-Led Talos Sells Carbon Capture Co. In $148M Deal

    Talos Energy, represented by Latham & Watkins LLP, announced Monday it sold its entire carbon capture and sequestration business to a U.S.-based subsidiary of French multinational TotalEnergies for $148 million, citing plans to use the proceeds for loan repayment and general corporate purposes.

  • March 18, 2024

    Nuvei's Stock Soars On Disclosure Of Potential PE Buyout

    Canadian fintech Nuvei Corp. said it has formed a special committee to evaluate strategic options after reports indicated that private equity firm Advent International is pursuing a buyout, developments that led to a more than 33% jump in the company's stock Monday.

  • March 18, 2024

    NYSE Moves To Boot Wilbur Ross-Backed SPAC

    Ross Acquisition Corp. II, a special-purpose acquisition company founded by former U.S. Commerce Secretary Wilbur Ross, disclosed Monday the New York Stock Exchange has suspended trading of its shares and began the delisting process after the SPAC failed to complete a merger within the required three-year time frame.

  • March 18, 2024

    Catching Up With Delaware's Chancery Court

    Multimillion-dollar e-cigarette settlements, $4 billion in stock buybacks and a $6.1 million appraisal tweak were among the big-dollar items logged in the Delaware Court of Chancery's ledger last week. Also on the docket: a Panama port project, a news outlet's defamation case, drone disputes and a flood of mail from Tesla shareholders. In case you missed it, here's all the latest from the Chancery Court.

  • March 18, 2024

    Ex-CEO Sues Trump-Tied SPAC For Litigation, Probe Fees

    A director and former CEO of Donald Trump-tied Digital World Acquisition Corp. has sued the venture in Delaware's Court of Chancery, seeking legal fee advancements from DWAC for costs arising from federal probes, lawsuits in multiple states and potential fiduciary breach claims.

  • March 18, 2024

    Proskauer Guides $58M Sale Of Seattle Reign NWSL Team

    The National Women's Soccer League's Seattle Reign FC will fall under new ownership as a group including men's soccer franchise Seattle Sounders FC and private equity giant Carlyle announced plans to buy the women's team in a deal that values it at $58 million.

  • March 18, 2024

    Swiss Solar Energy Biz To Raise $226M For US Expansion

    Solar panels maker Meyer Burger said Monday that it is planning to raise approximately 200 million Swiss francs ($226 million) in equity Tuesday to benefit from "the highly attractive U.S. market" and to "stop sustained losses in Europe."

  • March 18, 2024

    Pfizer To Reduce Stake In Haleon To 24% Through Share Sale

    Haleon PLC said Monday that U.S. pharmaceutical titan Pfizer Inc. will reduce its stake in the British consumer healthcare company to 24%.

  • March 15, 2024

    Judge Asks Colo. Why Grocery Merger Case Can't Wait

    A state judge in Denver has asked Colorado enforcers why they need to have a hearing on their bid to block Kroger's planned $24.6 billion purchase of fellow grocery store giant Albertsons before other hearings in challenges from federal enforcers and Washington state.

  • March 15, 2024

    Hospitals Say Constitutional Defenses Valid In FTC Merger Row

    Two North Carolina hospital systems shot back at the Federal Trade Commission's contention that constitutional defenses are immaterial to the agency's challenge of a $320 million merger plan, arguing that case law shows that striking the positions would be premature.

  • March 15, 2024

    PE Has Heightened Appetite For Deals Versus Corporates

    Private equity players had a greater appetite for large deals compared to their corporate counterparts moving into 2024, and they also anticipated hashing out a higher number of them, according to a report from software company SS&C Intralinks.

  • March 15, 2024

    Disney Star Takes Zee To Arbitration Over Sports-Airing Pact

    The Walt Disney Co.-owned Star India has begun proceedings in the London Court of International Arbitration against broadcaster Zee Entertainment Enterprises for failing to meet terms of an agreement related to the airing of certain cricket matches, Zee disclosed Friday.

  • March 15, 2024

    Marathon Digital Pays $87.3M For Bitcoin-Mining Data Center

    Bitcoin-mining company Marathon Digital Holdings Inc., advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Friday announced it is buying Lowenstein Sandler LLP-led Applied Digital Corp.'s bitcoin-mining data center in Texas for a net purchase price of $87.3 million.

  • March 15, 2024

    Onix Networking Buyer Sues Seller In Del. Alleging Deal Fraud

    A private equity firm that bought Onix Networking Corp. in 2022 has sued the company's former owners in Delaware's Court of Chancery to rescind part of the deal, alleging seller fraud and misrepresentation of annual revenues by "tens of millions of dollars."

  • March 15, 2024

    French Shipper Boosts Media Division With €1.6B Altice Deal

    French shipping giant CMA CGM on Friday announced that it has agreed to buy Altice Media, France's third-largest private-sector media group, for a total enterprise value of €1.55 billion ($1.69 billion) in an effort to beef up its media division.

  • March 15, 2024

    Kirkland-Led Co. Sells Data Center Biz To PE Firm For $575M

    Real estate investment company Digital 9 Infrastructure said Friday that it has sold its entire stake in data center company Verne Global for up to $575 million to private equity firm Ardian France SA in a move to strengthen its financial position.

  • March 15, 2024

    UK Watchdog Probes Barratt's £2.5B Redrow Deal

    The antitrust regulator said Friday that it is looking into whether Barratt Developments PLC's £2.5 billion ($3.2 billion) all-share deal for rival homebuilder Redrow PLC could harm competition in U.K. markets.

  • March 15, 2024

    Vodafone To Sell Italy Operation To Swisscom For €8B

    Vodafone Group PLC said Friday that it will sell its Italian business to rival Swisscom AG for €8 billion ($8.7 billion) in cash to streamline its European business operations.

  • March 14, 2024

    Gamers Seek To Block Microsoft From 'Dismantling' Activision

    Gamers who are still challenging Microsoft's now-completed union with gaming titan Activision Blizzard say a California federal court must hand down an order stopping further integration of the two businesses after Microsoft laid off 1,900 people from the gaming company.

  • March 14, 2024

    Near Intelligence's Ch. 11 Plan Gets Court's Approval

    A Delaware bankruptcy judge on Thursday confirmed consumer data platform Near Intelligence's Chapter 11 plan, which went through without objection after negotiations resolved outstanding concerns.

  • March 14, 2024

    Ex-Real Estate Exec Accused Of $77M WeWork Stock Fraud

    Manhattan federal prosecutors announced Thursday that the former CEO of real estate investment firm ArciTerra was indicted, alleging he issued a bogus $77 million offer for WeWork shares in an ultimately failed attempt to cash in on call options after juicing the stock price.

Expert Analysis

  • 5 Ways Firms Can Rethink Office Design In A Hybrid World

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    As workplaces across the country adapt to flexible work, law firms must prioritize individuality, amenities and technology in office design, says Kristin Cerutti at Nelson Worldwide.

  • How To Avoid Flopping When Flipping Fla. Real Estate

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    As land prices rise, Florida real estate developers are increasingly contracting to flip property to other purchasers for a profit, and they should carefully consider the unique risks and issues associated with the different forms that the process can take, says Gary Kaleita at Lowndes.

  • Opinion

    Congress Should Curb FTC Pattern Of Consent Order Abuse

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    In upcoming hearings, Congress should recognize that the Federal Trade Commission’s intrusive investigation of Twitter is part of a growing pattern of consent order abuse, which will continue to harm consumers, companies and the agency itself unless lawmakers step in, says former FTC chief technologist Neil Chilson, now at the Center for Growth and Opportunity.

  • Opinion

    Bar Score Is Best Hiring Metric Post-Affirmative Action

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    After the U.S. Supreme Court's ruling striking down affirmative action admissions policies, law firms looking to foster diversity in hiring should view an applicant's Multistate Bar Examination score as the best metric of legal ability — over law school name or GPA, says attorney Alice Griffin.

  • Opinion

    Antitrust Enforcers Must Have More Funding

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    Over four-plus decades, funding for enforcement of antitrust laws has fallen, and Congress must recognize that these years of consolidation have damaged the competitive vitality of the U.S. economy while rewarding the few at the expense of the many, says Barry Barnett at Susman Godfrey.

  • Slack Decision Adds Urgency For Finalized SPAC Rules

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    The U.S. Supreme Court's Slack decision may have created new uncertainty around issuer liability for business combinations involving SPACs, hastening the need for the U.S. Securities and Exchange Commission to finalize its proposed rules and ensure that IPOs and SPACs have similar liability regimes, say Douglas Paul and Ildefonso Mas at Akerman, and Craig Coben at SEDA Experts.

  • Ghosting In BigLaw: How To Come Back From Lack Of Feedback

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    Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.

  • Steps To Success For Senior Associates

    Excerpt from Practical Guidance
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    Adriana Paris at Rissman Barrett discusses the increased responsibilities and opportunities that becoming a senior associate brings and what attorneys in this role should prioritize to flourish in this stressful but rewarding next level in their careers.

  • Georgia-Pacific Ruling Furthers Texas Two-Step Challenges

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    With its recent ruling in the case of Bestwall, barring asbestos injury litigation against nondebtor Georgia-Pacific, the Fourth Circuit joins a growing body of courts addressing the Texas Two-Step's legality, fueled by concerns over the proper use of bankruptcy as a tool for addressing such claims, says George Singer at Holland & Hart.

  • Takeaways From DOJ's New Approach To Bank Mergers

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    The U.S. Department of Justice's recently announced updates to its bank merger oversight framework will add to the current unpredictability in the regulatory review process for parties considering a merger, particularly with respect to the specific theories of competitive harm that the DOJ may ultimately focus on, say attorneys at Simpson Thacher.

  • Legal Profession Must Do More For Lawyers With Disabilities

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    At the start of Disability Pride month, Rosalyn Richter at Arnold & Porter looks at why lawyers with disabilities are significantly underrepresented in private practice, asserting that law firms and other employers must do more to conquer the implicit bias that deters attorneys from seeking accommodations.

  • Opinion

    Appellate Funding Disclosure: No Mandate Is Right Choice

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    The Advisory Committee on Appellate Rules' recent decision, forgoing a mandatory disclosure rule for litigation funding in federal appeals, is prudent, as third-party funding is only involved in a minuscule number of federal cases, and courts have ample authority to obtain funding information if necessary, says Stewart Ackerly at Statera Capital.

  • Global M&A Outlook: Slow But Moving Along

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    Global merger and acquisition markets had a tough start to the year, with inflation, rising interest rates and the Ukraine conflict knocking sentiment, but in the macroeconomic, deal makers have continued to unearth pockets of activity to keep deal volumes ticking over, say lawyers at White & Case.

  • How NY Law Affects Scrutiny Of Health Care PE Transactions

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    A recently passed New York law will strengthen pretransanction notification requirements for health care entities — particularly those backed by private equity — but contains several ambiguities that will hopefully be clarified before the law takes effect in August, say attorneys at Norton Rose.

  • What To Know About FTC's Merger Filing Proposal

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    Attorneys at Simpson Thacher dissect the Federal Trade Commission's recent proposal to overhaul the premerger notification process — discussing the proposal's requirements, comparing peer jurisdictions' premerger regimes, and reviewing the implementation process for a final rule change.

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