Mergers & Acquisitions Law360 provides breaking news and analysis on high-impact mergers and acquisitions and the attorneys involved. Coverage includes major deals, related litigation and enforcement actions, and policy developments that affect corporate dealmaking.
A Tennessee federal judge signed off on Monday on a bid by shareholders in BancorpSouth Inc. to unite as a class in their suit against the company for allegedly lying about its compliance with anti-money laundering laws, saying they met established legal standards.
A putative class of shareholders in FelCor Lodging Trust Inc. hit the company and RLJ Lodging Trust with a suit in Maryland federal court Monday, alleging that material information about the two real estate investment trusts’ plans to create the third-largest U.S. lodging REIT wasn’t adequately disclosed to shareholders.
A group of travel agents and customers with long-running antitrust claims against American Airlines parent company AMR Corp. over its acquisition of US Airways asked a New York bankruptcy judge Friday to award them a pretrial judgment and unwind the airline tie-up based on U.S. Supreme Court precedent.
Martin Marietta, led by Cravath Swaine & Moore LLP, will buy private equity-backed Bluegrass Materials for $1.625 billion in cash, paving the way for a deal expected to strengthen the building materials supplier’s existing footprint and position it for future growth, according to a Monday statement.
Activist hedge fund Third Point revealed a more than $3.5 billion stake in Nestlé in a Sunday letter to investors, contending that the Swiss food company is an underperforming conglomerate “ripe” for change and should monetize it’s L'Oréal stake and return capital to shareholders.