Wells Fargo & Co. will pay $4.5 billion in cash to purchase Prudential’s noncontrolling interest in the financial companies' retail brokerage joint venture, on the heels of Wells Fargo's announcement that it will repay the $25 billion in bailout funding it received from the U.S. Department of the Treasury.
A significant challenge facing corporate finance clients today is how to satisfy industry and federal regulations in a manner that will be cost-effective and acceptable to investors and other third parties, says Katayun I. Jaffari, co-chair of Saul Ewing LLP's securities transactions and corporate governance practice groups.
French lens maker Essilor International announced Wednesday that it has inked a deal to acquire U.S.-based FGX International Holdings Ltd. in an all-cash transaction valued at approximately $565 million.
DLA Piper has added a transactional lawyer who spent the past 17 years as a partner at Mayer Brown LLP to the ranks of its corporate and finance practice.
Edge Petroleum Corp. has sold its assets to Mariner Energy Inc. for $215 million and received approval for its Chapter 11 reorganization plan, the bankrupt oil and gas producer said Tuesday.
Ableco Finance LLC has accused Paul Hastings Janofsky & Walker LLP of failing to understand the acquisition agreements underlying the finance company's $125 million loan to the purchaser of bankrupt Steve & Barry’s retail clothing chain, which has allegedly lost Ableco $55 million to date.
Abbott Laboratories Inc. will acquire information systems producer Starlims Technologies Ltd. for about $123 million in cash, in a deal the drugmaker says will strongly position it in the emerging field of health care informatics.
Ames Holding Corp., which holds several construction tool manufacturers, reached an agreement Tuesday to sell the bulk of its assets to a group of current investors, a day after filing for Chapter 11 protection in the wake of slumping revenues.
As a consequence of increased government intervention and the legislation that is ultimately passed, there will be winners and losers and unintended consequences that will give rise to new opportunities for investors, says Mike Peters, chair of the mergers and acquisitions section of the corporate practice group at Locke Lord Bissell & Liddell LLP.
Valero Energy Corp. has agreed to buy three ethanol plants in the Midwest for $272 million, the company announced Tuesday.
Loeb & Loeb LLP has added an eight-attorney team specializing in representing energy and financial companies in transactional and regulatory matters from Day Pitney LLP, including four lawyers who will help the firm launch a new office in Washington.
Following the dismissal of their case in late November, Agria Corp. investors are trying to revive a putative class action alleging that the Chinese agricultural company issued an inaccurate and misleading prospectus and registration statement for its $282 million initial public offering.
LyondellBasell Industries AF SCA is seeking bankruptcy court approval for an amended reorganization plan that contemplates a $2.8 billion rights issue, even as it mulls a nonbinding cash offer from India’s Reliance Industries Ltd. for a controlling stake in the Dutch chemical giant.
A bankruptcy judge has rejected ProtoStar Ltd.'s emergency bid to approve a $185 million stalking horse deal with SES Satellite Leasing Ltd. for the sale of a satellite, which would have included a 3 percent breakup fee.
Private equity group Terra Firma Investments has lodged a suit accusing Citigroup Inc. of manipulating it into purchasing British music company EMI Group Ltd. by concealing the fact that Terra Firma was the only bidder in the auction.
With $10 billion of funding coming from Abu Dhabi, the government of Dubai introduced a new restructuring law on Monday to give the state-owned Dubai World the power to file for bankruptcy protection, in a move that attorneys say will help pacify creditors, many of whom are based in Europe and the United States.
A bankruptcy judge has approved deCode Genetics Inc.'s $11 million debtor-in-possession financing agreement with stalking horse bidder Saga Investments LLC over the objections of unsecured creditors who said the agreement was self-serving and attempted to block them from involvement.
The U.S. Supreme Court on Monday dismissed an appeal brought by Indiana pension funds that said the former Chrysler LLC's deal to sell assets to Italy's Fiat SpA for $2 billion in a shotgun marriage attended by Uncle Sam did not generate a proper recovery for secured creditors.
Citigroup Inc. has debuted a plan to return $20 billion in bailout funds received from the U.S. Department of the Treasury, launching a $17 billion common stock offering and a $3.5 billion offering of tangible equity units.
Xerox Corp. and Affiliated Computer Services Inc. have struck a deal that partially resolves an ACS shareholder class action in Delaware and allows the firms’ proposed merger to go forward, pending shareholder approval — a move that comes on the heels of an agreement last month to hold off related litigation in Texas.