Mergers & AcquisitionsRSS

  • March 24, 2009

    BofA Investor Fights To Sack CEO Over Merrill Deal

    A longtime Bank of America NA shareholder has launched a campaign to topple chairman and CEO Kenneth Lewis from his post, saying the bank's management acted recklessly and in total disregard of stockholders in acquiring troubled Merrill Lynch & Co. Inc.

  • March 24, 2009

    Airlines Come Out Against Alliance Oversight Bill

    The airline industry has asked the Obama administration to oppose a bill recently introduced in Congress that calls for tougher antitrust scrutiny of international alliances between airlines.

  • March 24, 2009

    Spansion Opts For Latham, Duane Morris In Ch.11

    A judge has authorized Spansion Inc. to retain Latham & Watkins LLP as bankruptcy counsel, while Duane Morris LLP and Baker & McKenzie LLP await the court’s approval as Delaware counsel and special counsel, respectively.

  • March 24, 2009

    CVT Shareholders Sue To Stop $1.4B Biotech Merger

    Shareholders of CV Therapeutics have filed a proposed class action in a California state court to stop the company from carrying out a proposed $1.4 billion merger with Gilead Sciences, which they say unjustly enriches the company's founder and directors.

  • March 24, 2009

    PBGC To Take Over Propex Pension Funds

    The Pension Benefit Guaranty Corp. will take over two underfunded pension plans covering about 3,300 workers and retirees of bankrupt construction materials manufacturer Propex Inc., which is finalizing a sale of its assets, the pension agency announced Monday.

  • March 23, 2009

    Covington Nabs Another Former DOJ Antitrust Head

    A second former assistant attorney general at the U.S. Department of Justice’s Antitrust Division will join Covington & Burling LLP in April, returning to the firm to head its global antitrust and competition practice.

  • March 23, 2009

    McGuireWoods To Grow Globally With GMR Merger

    McGuireWoods LLP has announced plans to merge with London-based international law firm Grundberg Mocatta Rakison LLP, broadly expanding its international capabilities in Europe and Russia.

  • March 23, 2009

    Suncor To Buy Petro-Canada In $15B All-Stock Deal

    Suncor Energy Inc. said Monday that it would acquire Petro-Canada for roughly CA$19 billion ($15 billion) in stock, creating the largest energy company in Canada and the fifth-largest in North America.

  • March 23, 2009

    WolfBlock Votes To Liquidate Amid Economic Crisis

    After suffering an irreparable blow from the recession, especially in the firm’s core real estate practice, WolfBlock LLP has announced it will liquidate, adding to the growing number of attorneys who will find themselves out of work as firms continue to whittle down struggling practice areas.

  • March 20, 2009

    DOJ Seeks More Info On Ticketmaster-Live Nation Deal

    Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc. said Friday that they had received a request for additional information from the U.S. Department of Justice regarding their $2.5 billion proposed merger.

  • March 20, 2009

    Monaco Coach Can Tap $73M In Cash Collateral

    Recreational vehicle maker Monaco Coach Corp. will be able to use nearly $73 million in loans as cash collateral to fund its ongoing operations following a bankruptcy court judge's interim order Thursday.

  • March 19, 2009

    Energy Slump May Force Drilling Cos. Into Bankruptcy

    Oil and gas exploration companies Crusader Energy Group Inc. and Energy Partners Ltd. have warned investors that they are short on cash and overdrawn on certain credit accounts and may be forced to file for bankruptcy protection as they continue to suffer amid reduced consumer demand and the past year’s sudden drop in energy prices.

  • March 19, 2009

    Pelosi, AG Mull Antitrust Exemptions For Newspapers

    As the newspaper industry, walloped by the economic downturn, tries to cope with declining readership, U.S. Attorney General Eric Holder said he is considering a request from Speaker of the House Nancy Pelosi, D-Calif., to amend antitrust provisions for newspapers.

  • March 23, 2009

    Bankruptcy Pro Rejoins Stroock From White & Case

    Stroock & Stroock & Lavan LLP has lured bankruptcy lawyer Andrew P. DeNatale back to the firm as head of the special situations lending group in its financial restructuring practice after an “18-year sabbatical” at White & Case LLP.

  • March 19, 2009

    Baker Donelson Launches Drug And Device Group

    Baker Donelson Bearman Caldwell & Berkowitz PC has established a multidisciplinary drug, device and life sciences industry service team to combine expertise across practice groups.

  • March 26, 2009

    Not All Attorneys Face Bleak Times

    Though every day seems to bring news of firm layoffs, attorneys in bankruptcy, white collar crime, executive compensation and a few other practice areas should stay busy, and some may even see a spike in work opportunities.

  • March 18, 2009

    China Shuts Down Coke Purchase Of Juice Giant

    Chinese antitrust regulators have blocked the Coca-Cola Co.'s $2.5 billion acquisition of Chinese juice giant China Huiyuan Juice Group Ltd., a proposed deal viewed as the first major tryout of China's new anti-monopoly law.

  • March 19, 2009

    2nd Circ. Sends Back Tiff Over NASD-NYSE Merger

    A circuit court has thrown out an investment firm's appeal in a long-running dispute over the merger of the National Association of Securities Dealers Inc. and NYSE Group Inc.’s regulatory bodies — a merger that created the Financial Industry Regulatory Authority Inc. — ruling the challenge moot and sending the case back to a lower court.

  • March 18, 2009

    Pfizer In Divestiture Talks Over $68B Wyeth Merger

    Pfizer Inc. may be required to divest parts of its animal health businesses before regulators approve its $68 billion acquisition of Wyeth Inc., a deal detractors claim creates problematic overlaps in the pharmaceutical giants' products.

  • March 18, 2009

    Kirkland & Ellis OK'd To Represent Muzak In Ch. 11

    Kirkland & Ellis LLP has received approval to represent Muzak Holdings LLC in its Chapter 11 case, more than four months after the debt-laden music company first retained the firm.