Mergers & Acquisitions

  • July 20, 2017

    S. Africa Court Seeks More Info On Dow-DuPont Merger Fixes

    South Africa's competition tribunal asked the country's watchdog Wednesday for more information about proposed antitrust remedies for Dow and DuPont's plan to merge into a $130 billion chemicals giant before clearing the deal.

  • July 20, 2017

    Chancery Halts ServiceMesh Case For Criminal Investigation

    A Delaware Chancery judge on Thursday granted the U.S. government’s request to halt all discovery in a case alleging the founder of cloud computing company ServiceMesh Inc. paid bribes to score nearly $100 million in earn-out payments from the company's sale, so the feds can finish a criminal investigation.

  • July 20, 2017

    HK Court Shuts Down AIG Appeal Over Award, Again

    Months after scolding AIG for its "totally without merit" challenge to an arbitral award canceling the insurer's rights to a $475 million deposit on an aircraft leasing unit following a botched sales agreement, a Hong Kong appeals court has once again rebuffed AIG.

  • July 20, 2017

    FTC Approves Baxter $625M Claris Buy With Antitrust Fixes

    The Federal Trade Commission gave its seal of approval Thursday to medical products company Baxter International Inc.’s $625 million purchase of Claris Lifesciences Ltd.’s injectables business, on the condition that Baxter and Claris leave the market for a pair of pharmaceutical products.

  • July 20, 2017

    Jones Day Adds Ex-Shearman Capital Markets Pro In Calif.

    Jones Day has added to its Silicon Valley office a capital markets partner from Shearman & Sterling LLP with experience handling a wide variety of securities offerings, mergers and acquisitions, and venture capital and private equity investments in markets such as Hong Kong, Beijing and Shanghai.

  • July 20, 2017

    Deals Rumor Mill: ADT, Cardinal Health, Adnoc

    Private equity-backed ADT may go public at a $15 billion valuation, Cardinal Health is mulling a $1.5 billion sale of its China unit, and Adnoc tapped four banks for an initial public offering of its retail unit.

  • July 20, 2017

    Rising Star: Morrison & Foerster's Lauren C. Bellerjeau

    Morrison & Foerster LLP’s youngest partner, Lauren Bellerjeau, has helped push the firm's mergers and acquisitions practice into the world of real estate investment trust transactions and has taken the lead on major deals including the sale of GE’s commercial real estate unit to Blackstone, earning her a spot among attorneys under 40 being honored by Law360 as Rising Stars.

  • July 20, 2017

    Ingenico Drops $1.74B On Rival Payment Firm Bambora

    French payment services company Ingenico Group said Thursday it will pay €1.5 billion ($1.74 billion) to acquire Swedish rival Bambora from private equity owner Nordic Capital Funds, in another major tie-up between payment providers in July.

  • July 20, 2017

    FTC Names Shearman Atty As Latest Competition Unit Head

    Just two weeks after acting Federal Trade Commission Chairman Maureen K. Ohlhausen picked her third new acting director of the agency’s bureau of competition, she announced on Thursday that she had selected someone else to temporarily lead the bureau, this time naming a Shearman & Sterling LLP partner.

  • July 19, 2017

    Unilife Receives Court OK For Sales To Credit Bidders

    Bankrupt medical device maker Unilife Corp. received court approval Wednesday in Delaware for three sale transactions following an auction Monday that will wipe more than $40 million in debt from the company's balance sheet.

  • July 19, 2017

    Deals Rumor Mill: Dalian Wanda, Univision, Global Blue

    Dalian Wanda reworked its plans to sell a series of hotels and theme parks, Univision is drawing interest from potential suitors, and private-equity-backed Global Blue is preparing to hit the sales block.

  • July 19, 2017

    Alpha Natural Resources Unloads Inactive Coal Properties

    Alpha Natural Resources will transfer about 100 million tons of coal reserves and 280 permits to Lexington Coal Company to offload idle properties and other assets across four states, Alpha announced Wednesday.

  • July 19, 2017

    Select Energy Services And Rockwater Energy Agree To Merge

    Select Energy Services Inc., which provides water-related services to the unconventional oil and gas industry, announced on Wednesday that it had entered into a stock-for-stock merger deal with Rockwater Energy Solutions Inc., a privately held company that offers some similar services.

  • July 19, 2017

    NextEra Sues Texas PUC Over Rejection Of Oncor Bid

    NextEra Energy Inc. has sued the Texas Public Utility Commission, asking a Texas state court to review the agency’s rejection of its plan to buy Oncor Electric Delivery Co. LLC as part of an $18 billion deal with Oncor parent Energy Future Holdings Corp.

  • July 19, 2017

    Bracewell, Kirkland Guide $5.3B Hydro One-Avista Merger

    Hydro One Ltd., the Ontario municipal electric transmission giant that's been partially privatized, said Wednesday that it would buy U.S. Pacific Northwest utility Avista Corp. in an all-cash deal worth CA$6.7 billion ($5.3 billion), creating a $25 billion North American utility giant.

  • July 19, 2017

    5 Ways To Keep Cybersecurity Woes From Derailing A Deal

    As corporate America becomes more reliant on technology in an increasingly digital world, data breaches and other cybersecurity concerns are threatening to derail a rising number of transactions. Here, Law360 outlines five ways dealmakers can get ahead of potential cybersecurity deal-breakers.

  • July 19, 2017

    Rising Star: Weil's Sachin Kohli

    Weil Gotshal & Manges LLP’s Sachin Kohli has advised companies in some of the highest-valued mergers and acquisitions of the past few years, including guiding Dow Chemical in its pending $130 billion merger with fellow chemical giant DuPont, earning him a spot as one of five mergers and acquisitions attorneys under the age of 40 honored by Law360 as Rising Stars.

  • July 19, 2017

    Toshiba Can Again Block Western Digital’s JV Access

    A California state court on Tuesday gave Toshiba the green light to again block Western Digital’s access to their joint venture, granting the Japanese company a stay, for the time being, of a temporary restraining order the California-based company had secured earlier this month.

  • July 19, 2017

    Transat Nabs $151M In Sale Of Ocean Hotels Stake

    Tourism company Transat A.T. Inc. is selling its minority interest in the Ocean Hotels brand to Spanish hotel company H10 Hotels for $150.5 million, according to an announcement from Quebec-based Transat on Wednesday.

  • July 19, 2017

    Reckitt Benckiser Inks $4.2B Sale Of Food Biz To McCormick

    U.K.-based consumer products maker Reckitt Benckiser inked a $4.2 billion sale of its food business to Maryland-based McCormick on Wednesday, parting ways with condiment brands like French’s and Frank’s RedHot after confirming earlier this year that it was considering a sale of the unit.

Expert Analysis

  • How Accounts Receivable Insurance Can Help Your Deal

    Jeff Anderson

    Due diligence is a critical part of the M&A process, and with so many risks to assess, accounts receivable often does not get the attention it deserves. Future accounts receivable performance is one area in which buyers have limited control, say Jeff Anderson and Kent Paisley of Allied World Insurance Co.

  • The ‘Failing Firm’ Defense: Pointers From A Blocked Deal

    Danyll Foix

    The recently blocked merger between EnergySolutions and Waste Control Specialists not only confirms that exclusive negotiation, or “no talk,” terms in transactions can thwart antitrust defenses like the “failing firm” defense, but also illustrates how parties may implement these terms without creating antitrust problems, says Danyll Foix of BakerHostetler.

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?

  • The CFIUS Calculus Has Changed — In More Ways Than One

    Stephen Heifetz

    Recent unwritten changes to the Committee on Foreign Investment in the United States, made in the name of national security, may undermine the committee's original purpose, says Stephen Heifetz, a partner with Steptoe & Johnson LLP who previously served as the Department of Homeland Security’s CFIUS representative.

  • Rebuttal

    The Rise Of Midsize Firms

    Ronald Shechtman

    Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.

  • 5 Questions To Ask Yourself Before Submitting Litigation AFA

    Gregory Lantier

    Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.

  • How Mobile Apps Can Benefit Your Practice

    Sean Cleary.jpg

    Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.

  • A Snapshot Of M&A Activity In June

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    Despite headline-grabbing deals such as Amazon's proposed acquisition of Whole Foods, overall M&A activity was down in June. Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP brings us the latest changes in U.S., global and sponsor-related M&A activity.

  • Proposal To Remedy Horizontal Shareholding Is Flawed

    Elaine Buckberg

    Several recent studies claim to show that competition is adversely affected when institutional investors hold significant shares in multiple firms within a “concentrated” industry. Following on this research, Eric Posner, Fiona Scott Morton and E. Glen Weyl have proposed a remedy that is a costly and disruptive way to change asset manager behavior, say members of The Brattle Group Inc.

  • Rebuttal

    The Future Of Litigation Finance Is Analytics

    Eva Shang

    In a recent Law360 guest article, Christopher Bogart of Burford Capital LLC claimed that "while theoretically well designed to find the proverbial needle in a haystack, big data and AI currently lack the ability to do so usefully in a commercial litigation financing context." But AI can manage many of the tasks that litigation financiers would otherwise perform, says Eva Shang, co-founder of Legalist Inc.