The Federal Trade Commission is looking for additional information from Broadcom Ltd. as part of an antitrust review process into its ongoing attempt to take over Qualcomm Inc., the semiconductor technology company said in a statement Friday.
The Federal Trade Commission on Friday signed off on a $3.3 billion deal that would let 7-Eleven's parent company acquire nearly 1,100 gas stations from Sunoco LP on the condition that nearly 60 stores stay with or move to Sunoco.
U.S. Securities and Exchange Commission Chairman Jay Clayton said Friday the interests of Main Street investors must remain central to a growing debate over the pros and cons of shareholder activism.
A group of funds advised by Water Island Capital LLC launched a petition in Delaware Chancery Court late Thursday to appraise its stock in network technology company Gigamon Inc. now that its $1.6 billion acquisition by Elliott Management Corp. and the Qatari government's investment arm has closed.
The last week has seen a dispute between a Dubai commodities trading firm and a foreign exchange trader, a contract suit against the Bank of Georgia, and a Swiss asset manager sue retailer L.K. Bennett, its founder and its former private equity owners. Here, Law360 looks at those and other new claims in the U.K.
An affiliate of global petrochemical giant Indorama Ventures on Friday won Delaware bankruptcy court approval to serve as stalking horse bidder for M&G Polymers LLC’s West Virginia plastics plant, with a $10 million offer that also covers the company’s Ohio research site.
The head of the U.S. Department of Justice's antitrust division and the Federal Trade Commission's acting chairman both said Friday that competition enforcers have a role to play in helping protect intellectual property rights in order to encourage innovation, but warned against going to far.
Chicago-based food processing company Archer Daniels Midland has offered to buy agribusiness Bunge, Dutch payments firm Adyen is close to selecting banks for an up to €1 billion initial public offering, and Dalian Wanda is selling two Australian property projects for about $800 million.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days, with firms such as Thompson & Knight LLP and Ropes & Gray LLP at the helm. Here, Law360 recaps the ones you might have missed.
Insurance and investments firm Lincoln Financial Group said Friday it has acquired Boston-based Liberty Life Assurance Co. from Liberty Mutual Insurance Group for $3.3 billion.
In this week’s Taxation With Representation, Silver Lake and P2 purchased Blackhawk for $3.5 billion, Energizer acquired Spectrum’s battery business for $2 billion, Wyndham snapped up La Quinta for $1.95 billion, and Energy Transfer sold its natural gas compression business to USA Compression for $1.8 billion.
The Third Circuit on Thursday affirmed Weyerhaeuser's loss in a suit over who had to pay some $9 million in workers' comp costs for retired workers after the $3.3 billion sale of a business unit to Domtar Corp., saying Weyerhaeuser spent years acting like it was the one responsible, and that was enough to make it the one responsible.
CBS Corp. chief Leslie Moonves is eyeing deal options that don’t include Viacom Inc., Canadian Imperial Bank of Commerce wants its FirstCaribbean to boast a $1.4 billion value, and Boeing is working to assuage Brazilian government concerns related to its bid for plane maker Embraer SA.
In a case that could delineate what counts as gun-jumping under European Union merger law, an adviser to the bloc's highest court wrote Thursday that companies should be allowed to take certain preparatory steps to move ahead with their deals before receiving antitrust clearance.
One Madison Corp., a special purpose acquisition company formed to acquire a consumer-oriented business, priced a $300 million initial public offering that listed Thursday, the latest in a string of blank check deals to start the new year.
Toshiba Corp. announced Thursday it has agreed to sell billions worth of claims it holds against Westinghouse Electric Co., its bankrupt nuclear contracting subsidiary, for close to $2.2 billion, helping set up a path for Westinghouse to confirm a reorganization plan by the end of March.
Qualcomm Inc. has agreed to cut certain patents from its proposed $37.7 billion acquisition of NXP to score approval from the European Commission and the Korea Fair Trade Commission, leaving it just one competition agency's approval shy of sealing the deal, the company said Thursday.
European Union competition regulators disclosed this week that they are mulling “commitments” offered to clear any antitrust concerns that could interfere with Discovery Communications Inc.’s planned $14.6 billion cash-and-stock purchase of Scripps Networks Interactive Inc.
Proposed changes to the Committee on Foreign Investment in the United States could be beneficial to U.S. national security, but lawmakers should be careful not to unintentionally stifle outbound investment, a panel of experts told the Senate Committee on Banking, Housing and Urban Affairs on Thursday.
Kirkland & Ellis LLP guided Wyndham Worldwide Corp. in its nearly $2 billion acquisition of La Quinta Holdings Inc.’s hotel franchise and management businesses in a deal announced Thursday that expands Wyndham Hotel Group’s portfolio to more than 9,000 hotels.
In the first article of this three-part series, attorneys with Arnold & Porter Kaye Scholer LLP discuss two Delaware cases with lessons on drafting working capital adjustments and fraud carveouts.
2017 was an active year for mergers and acquisitions, but year-end results did not surpass the records set in 2016. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses go-shop provisions, hostile M&A and other trends in U.S., global and sponsor-related M&A activity last year.
Recent cases from Delaware have provided insight into how courts analyze and interpret contractual commitments to use various levels of effort under Delaware law, says Henry Alderfer of Taft Stettinius & Hollister LLP.
Regardless of whether new legislation is enacted, dramatic changes to the Committee on Foreign Investment in the United States have arrived. In 2017, a much “stickier” CFIUS process resulted from concerns about China and a broader worry that international trade has not always benefited the United States, say attorneys with Wilson Sonsini Goodrich & Rosati PC.
The Committee on Foreign Investment in the United States was the subject of more focus, change and consequence in 2017 than it had been in at least a decade. It appears that the significant CFIUS developments last year soon may be followed by formal legal changes, say attorneys with Wilson Sonsini Goodrich & Rosati PC.
New Jersey is one of the most competitive and heavily regulated states in terms of health care, making it a good barometer for how the industry is evolving nationally. As physicians and medical groups deal with issues like flat reimbursement from insurance providers and the rapidly rising costs of operating a medical practice, the ways in which doctors deliver health care will continue to change in 2018, says John Fanburg of Brach Eichler LLC.
Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.
The Delaware judicial framework for reviewing boards' M&A decisions has transformed in the past few years with cases such as Corwin, MFW and Trulia. This transformation has had dramatic effects, as reflected in and amplified by decisions issued in 2017, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Smart law firms are increasingly positioning professionals to proactively guide them as the legal landscape reshapes itself, harnessing six emerging roles within their organizational charts to embrace new approaches, tools and systems, says Rob MacAdam of HighQ.
Highly profitable companies have comprehensive corporate wellness programs that realize plateauing health care costs, greater employee engagement, and a demonstrable competitive advantage. The legal field needs a similar awakening, says Rudhir Krishtel, a former partner of Fish & Richardson and senior patent counsel at Apple.