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Capital Markets

  • September 18, 2014

    SEC Asked To Weigh Risks Of Chinese IPOs In US

    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.

  • September 18, 2014

    Bayer To Spin Off $10B Polymer Biz In Public Listing

    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.

  • September 18, 2014

    Callon Nets $122M In Stock Sale To Fund Oil Land Purchase

    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.

  • September 18, 2014

    Twitter Raises $1.8B In Note Offerings In Debt Markets Debut

    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.

  • September 18, 2014

    Shumaker Guides Health Care REIT In A $1.1B Public Offering

    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. 

  • September 18, 2014

    Dealmakers Q&A: Kaye Scholer's Mel Cherney

    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.

  • September 18, 2014

    Dealmakers Q&A: Saul Ewing’s Eric Orlinsky

    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.

  • September 17, 2014

    Holder's Whistleblower Proposal Omits Key To SEC's Success

    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.

  • September 17, 2014

    Bingham's London Exodus Hits Firm's Rep, But Not Its Wallet

    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.

  • September 17, 2014

    Renewed DOJ Fraud Focus Should Worry Bank Execs

    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.

  • September 17, 2014

    FINRA Axes Changes In 3rd Plan For Customer Account Docs

    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.

  • September 17, 2014

    Fed Keeps Record-Low Interest Rate, Cuts Bond Buys By $10B

    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.

  • September 17, 2014

    Spirited CFTC Launches New Uncleared Swap Margin Plan

    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.

  • September 17, 2014

    Amsterdam Listing Offers 4 Big Benefits For Ackman IPO

    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.

  • September 17, 2014

    $450M In Bonds Approved for New Detroit Red Wings Arena

    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.

  • September 17, 2014

    Dalian Wanda Files For Potentially Massive IPO In Hong Kong

    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.

  • September 17, 2014

    Exchanges Primed To List Alibaba Options Fast On IPO's Heels

    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.

  • September 17, 2014

    Poland Plans $1.3B Bond Sale To Fund Road Projects

    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.

  • September 17, 2014

    Market Rumors: Credit Suisse, MJardin, Alibaba

    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.

  • September 17, 2014

    HFT Co. Latour Fined $16M For Mismanaging Capital Buffer

    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.