British publishing giant Pearson PLC will buy Gupo Multi, a Brazilian English-language training company with more than 800,000 students for about $720 million, the teaching company announced Tuesday.
A unit of New Jersey-based power giant NRG Energy Inc. said Tuesday that it will pay $120 million in cash for a privately held company that provides heating and cooling services to customers in Omaha, Neb., via an underground pipeline network.
Activist investor Engaged Capital LLC, led by Glenn Welling, sent a nine-page letter Tuesday to Abercrombie & Fitch Co. calling for the sputtering retailer to change leadership and sell itself to private equity investors.
Attorneys for private equity-owned Edwin Watts Golf Shops LLC, whose $45 million stalking horse deal fell apart two weeks ago, told a Delaware bankruptcy judge Tuesday that the debtor has since received a half dozen bids for a Chapter 11 auction, and secured an agreement to extend its funding timeline.
Media holding company The Chernin Group LLC has picked up a majority stake in Japanese anime online streaming service Crunchyroll Inc. with intentions to expand the niche platform into other genres, according to a Monday statement.
KKR has tapped a financial adviser to help find buyers for a Turkish shipping unit, while Toshiba is partnering up with a German real estate powerhouse on a new solar-power venture.
Texas-based clothing manufacturer Haggar Clothing Co. will take over Tribal Sportswear, a women's apparel company, from Montreal-based private equity firm Kilmer Capital Partners in a push to continue the expansion of its women's clothing line, according to a Monday statement.
From the time Consol Energy Inc. began considering selling a quintet of coal mines worth $3.5 billion, it enlisted a Greenberg Traurig LLP team to grapple with the complexities of a big-ticket transaction plus the added challenges of redefining a 150-year-old company's position in the marketplace.
Consol Energy Inc. on Monday said federal antitrust regulators won’t stand in the way of the $3.5 billion sale of its unit that operates five coal mines in West Virginia to coal giant Murray Energy Corp. and that the sale should be sewn up within weeks.
Clothing conglomerate PVH Corp. has renewed and expanded its lease at 501 Seventh Ave. in New York City, where its recent acquisition The Warnaco Group Inc. has its headquarters, to 223,616 square feet on nine floors, PVH announced Monday.
Activist hedge fund Elliott Management LP has built up a sizable minority stake in German drug distributor Celesio AG over several weeks and plans to leverage its holding to exert major strategic influence over the company, Celesio confirmed in a Tuesday filing.
Computer drive maker OCZ Technology Group Inc. filed for Chapter 11 in Delaware bankruptcy court Monday, with the California-based company aiming to sell substantially all its assets to Toshiba Corp. for $35 million.
Antitrust authorities at the U.S. Department of Justice have cleared the way for Microsoft Corp. to complete its €5.44 billion ($7.3 billion) acquisition of Nokia Corp.'s smartphone operations, Microsoft announced Monday.
A New York state judge said Monday he will not reconsider his decision to dismiss derivative claims from a lawsuit over a former Troutman Sanders LLP attorney's alleged scheme to structure a nursing home network acquisition to divert its rental income, saying he had not overlooked anything.
Business technology company NCR Corp. continued the transformation of its financial services branch Monday, announcing not only plans to pick up online and mobile banking solutions company Digital Insight Corp. for $1.65 billion but also the closing of its $84 million acquisition of fraud prevention software provider Alaric Systems Ltd.
HeartWare International Inc. has purchased New Jersey-based CircuLite Inc. and its Synergy circulatory support system, which helps treat patients with early-stage heart failure, in a deal that could end up being worth $350 million, the companies said Sunday.
In the wake of Dell Inc.'s controversial decision to go private, the computer maker is fighting back against shareholders' accusations that the transaction undervalued the company in an attempt to skimp on investor payouts.
Aerospace and defense contractor AAR Corp. on Monday said its subsidiary Telair International GmbH has inked a deal to buy the cargo loading system assets of German aircraft component maker PFW Aerospace GmbH.
A group of beer drinkers asked a California federal court to revive their antitrust suit against Anheuser-Busch InBev’s $20.1 million acquisition of Group Modelo, arguing Sunday that AB InBev misled the court about future price increases and that plaintiffs are entitled to new discovery.
ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corporation have agreed to pay $1.55 billion in a 50/50 joint venture to purchase a ThyssenKrupp AG subsidiary that operates a steel processing plant in the United States, the companies said Friday.
Recently, we have seen nascent signs of a resurgence in the use of ticking fees, a dealmaking tool that incentivizes the buyer to move quickly through the sign-to-close process and compensates target shareholders for the economic impact of extended or unexpected delays in reaching closing, say attorneys with Kirkland & Ellis LLP.
Among 10 battle-proven strategies for getting your witnesses ready for trial is to role-play the cross-examiner. For instance, if you expect the cross-examiner to yell, get in the witness’ face or use scathing sarcasm, do that during practice to minimize surprises at trial, say Dawn Solowey and Lynn Kappelman of Seyfarth Shaw LLP.
Recent events, from the Westgate Mall attack in Nairobi to the Lac-Mégantic train derailment in Quebec, underscore the need for in-house counsel to keenly weigh risks and benefits for their companies doing business on a multinational scale. There are a number of best practices to consider that set the right tone for mitigating risk, whether you are doing business in one or hundreds of locations around the world, says Veta Richardson, president and CEO of the Association of Corporate Counsel.
It's no secret that over the last four years, both domestic and international investors held their money in anticipation of a stabilizing economy. Now some of the hottest industries stirring the M&A pot were among the most hurt by the economy when sources of capital had to scale back, says Corey Massella of Citrin Cooperman.
Massive telecom consolidation has breathed new life into an otherwise slow year for mergers and acquisitions. Although the recent deals bring value to the M&A industry, nonetheless, the number of overall M&A transactions has significantly decreased. There is some optimism that the recent mega-deals in Q3 are indicators of a changing climate, but it is unclear if deal flow will ever return to pre-2009 levels, says Harvey Cohen of Dinsmore & Shohl LLP.
The general lack of state regulation regarding urgent care is likely a direct result of urgent care’s historical outgrowth of the physician practice. However, as the urgent care model continues to evolve and proliferate, and strategic buyers continue to vertically integrate with urgent care facilities as a cost containment mechanism, there is likely to be an uptick in regulation, say attorneys with McGuireWoods LLP.
With the third week of the government shutdown, it seems a sure bet that agency staff will look hard for ways to lengthen merger investigations. Parties in the middle of the initial 30-day waiting period can probably expect one of the agencies to call to ask for a pull-and-refile. Parties responding to a second request may decide to enter into a timing agreement — or even amend an agreement already in place, says Hugh Hollman of Ropes & Gray LLP.
In Brazil, enacting a law does not guarantee it will be enforced. So it remains to be seen whether the new Brazilian Anticorruption Act will have a real impact. But one thing is certain: In the deal scenario, sufficient anti-corruption due diligence and negotiation of protective language in transaction agreements will be a must to avoid liabilities and reputational damage, say Lior Pinsky and Renata Fialho de Oliveira of Veirano Advogados.
Unfortunately, the credentials normally supplied by Big Law firms in beauty contests simply do not tell in-house counsel what they really want to know. Without discounting the difficulty of obtaining helpful information from candidates for outside counsel, there is one question that may be useful for in-house counsel to pose, says Andrew Jarzyna of Ulmer & Berne LLP.
In its opinion in SIGA Technologies Inc. vs. PharmAthene Inc., the Delaware Supreme Court surveyed applicable law in a number of other jurisdictions, including New York, and distinguished several other cases on the basis that Delaware law did not apply. The opinion reinforces the importance of considering the relevant law to govern an agreement, since the choice could have real-world consequences, says Christopher Austin of Cleary Gottlieb Steen & Hamilton LLP.