As Alibaba Group Holding Ltd. prepares to make a historic initial public offering, one senator is asking securities regulators to evaluate the risks associated with investing in Chinese companies that, like the e-commerce giant, list in the U.S. using the so-called variable interest entity structure.
German pharmaceutical powerhouse Bayer AG said Thursday it will spin off its $10 billion plastics unit into a separate publicly traded business to free up resources for its more profitable health-related operations, falling in step with other life sciences giants who are refining their portfolios.
Natchez, Mississippi-based Callon Petroleum Co. has raised roughly $122 million from a public offering, the proceeds of which will help fund its recently announced acquisition of thousands of acres of undeveloped oil- and gas-rich properties in the Permian Basin.
Twitter Inc. has raised $1.8 billion through two offerings of convertible notes in its first foray into debt markets since going public in November, shooting past its initial goal of raising up to $1.5 billion in the offerings, according to a statement on Thursday.
The biggest landlord to the U.S. health care industry said on Wednesday it has locked down a $1.1 billion public offering advised by the law firm Shumaker Loop & Kendrick LLP, just a month after the real estate investment trust scooped up a Canadian rival in a near billion-dollar deal.
At some point, the interest rate and refinancing environment will become more difficult and expensive, and the consequences for the deal environment could be profound, says Mel Cherney, co-chairman of Kaye Scholer LLP’s corporate department.
I remember an associate at another firm left three zeros off of a security agreement and the bank he was representing ended up with a $100,000 security interest on a $100 million loan. I think the associate was fired in his first year, says Eric Orlinsky of Saul Ewing LLP.
U.S. Attorney General Eric Holder's proposal Wednesday to dramatically increase the size of monetary awards Wall Street tipsters can receive under the Financial Institutions Reform, Recovery and Enforcement Act may bring in more leads, but some experts say an amped-up rewards program should also take a cue from the U.S. Securities and Exchange Commission, which offers anonymity to those who come forward.
Bingham McCutchen LLP’s loss of a high-profile London finance and restructuring team to Akin Gump Strauss Hauer & Feld LLP in London means troubling partner upheaval amid make-or-break merger talks in the U.S., but the departures may actually save the firm money in the end, experts told Law360.
U.S. Attorney General Eric Holder’s proposal Wednesday to raise the cap on rewards for certain financial industry whistleblowers and make a renewed effort to pursue criminal financial fraud cases should give bank executives pause as they consider the prospect of prosecutors knocking on their doors, attorneys say.
The Financial Industry Regulatory Authority Inc. is making a third attempt to nail down rules on customer statements, posting a new proposal Tuesday that largely abandons 2011 and 2009 proposals to change statements from quarterly to monthly, but also would permit electronic statements for the first time.
The Federal Reserve said Wednesday that it would maintain historically low interest rates for a "considerable time" while cutting another $10 billion from its bond-buying stimulus program.
A newly reconstituted U.S. Commodity Futures Trading Commission did not shy away from debate Wednesday as it voted to propose margin requirements for uncleared swap transactions and put the final stamp on a measure intended to help certain government-run energy producers and suppliers stay in the derivatives markets.
U.S. activist investor Bill Ackman surprised many on Monday when he said a planned $2 billion initial public offering for one of his funds, Pershing Square Holdings Ltd., would take place in Amsterdam rather than London — a move likely driven by a quest for a broad investor base and flexible corporate governance standards. Here, Law360 takes a look at the benefits of listing in Amsterdam.
The Michigan Strategic Fund on Wednesday approved a $450 million bond plan for a new Detroit events center, clearing the way for the facility that will be the new home of the Red Wings hockey team and anchor a $650 million of redevelopment in downtown Detroit.
China's Dailan Wanda Commercial Properties on Wednesday filed for an initial public offering with the Hong Kong Stock Exchange to fund the development of 10 commercial properties, laying the groundwork for a debut that some reports say could reach $6 billion.
Alibaba Group Holding Ltd.’s initial public offering is still days away, but some of the top U.S. derivative exchanges are already preparing to list options on the Chinese e-commerce company’s shares as soon as possible.
State-run Polish bank BGK plans to issue €1 billion ($1.3 billion) in bonds to support the country’s road-building fund, a spokeswoman said Wednesday, a large-scale domestic funding initiative that coincides with broader transportation projects throughout Europe.
Credit Suisse is brushing off U.S. regulators' concerns about problems with its underwriting and sale of leveraged loans, while marijuana startup MJardin is eyeing plans to take its cannabis management company public.
The SEC registered a landmark $16 million fine Wednesday against high-frequency trading giant Latour Trading LLC for failures connected to its capital cushion, which the agency says Latour repeatedly miscalculated by as much as $37 million for two years — a mistake facilitated by high volume, according to a top official.