Mergers & Acquisitions

  • January 19, 2017

    Hyatt Buys Into Wellness With $215M Miraval Acquisition

    Hyatt Hotels Corp. on Wednesday said that it has acquired wellness and “mindfulness experience” provider Miraval Group from private equity firm KSL Capital Partners LLC at an initial investment of $215 million.

  • January 19, 2017

    Blank Rome Welcomes Cross-Border Transaction Partner In NY

    Blank Rome LLP announced it has added a Withers Bergman LLP partner to its corporate, mergers and acquisitions, and securities group and its cross-border practice.

  • January 19, 2017

    Dell Says Chancery 'Abused Discretion' In Buyout Appraisal

    Dell Inc. told the Delaware Supreme Court on Wednesday that the Chancery Court abused its discretion when it appraised the company’s $24.9 billion buyout as undervalued by nearly 30 percent by refusing to even consider the actual market price of the deal.

  • January 19, 2017

    Starwood Capital Grabs Milestone REIT In $2.85B Deal

    Starwood Capital Group said Thursday that it would buy Canadian real estate investment trust Milestone Apartments REIT in a $2.85 billion cash deal that will see the investment firm bolster its multifamily holdings in the southern United States.

  • January 19, 2017

    Safran To Pay €8.5B To Snap Up Zodiac Aerospace

    Aircraft seats supplier Zodiac Aerospace announced on Thursday that has agreed to an offer from fellow French aerospace company Safran SA, with reports placing the deal at €8.5 billion ($9 billion).

  • January 18, 2017

    Fla. Sues RJR For Stopping Payments Under Tobacco Deal

    Florida's attorney general said Wednesday that the state has stopped receiving annual tobacco settlement payments for the Winston, Kool and Salem cigarette brands since R.J. Reynolds Tobacco Co. sold them to ITG Brands LLC for $7 billion.

  • January 18, 2017

    Ex-JPMorgan Analyst Tipped Pals To Tech Deals, Jury Told

    Former J.P. Morgan Securities LLC analyst Ashish Aggarwal tipped two friends to a Salesforce.com acquisition and another pending deal in a scheme that “cheated the market and lined their own pockets” with $600,000, a prosecutor told jurors Wednesday during opening statements in California federal court.

  • January 18, 2017

    TransPerfect Workers To Push Del. To Curb Chancery Power

    As the Delaware Supreme Court considered an appeal Wednesday of Chancellor Andre G. Bouchard’s decision to order the sale of a legal translation firm, employees of TransPerfect protesting outside said they intend to push the First State to curb the Chancery Court’s power when appointing corporate custodians.

  • January 18, 2017

    Dershowitz Scraps With Justice Strine Over TransPerfect Sale

    The question of whether the Delaware Chancery Court violated the U.S. Constitution when it ordered the sale of legal translation firm TransPerfect took center stage Wednesday before the state Supreme Court, with celebrity constitutional lawyer Alan Dershowitz engaging in a pointed exchange with Chief Justice Leo E. Strine Jr. 

  • January 18, 2017

    Oil Co. Directors Say Nigerian Assets Bought In Good Faith

    The directors of oil exploration firm Erin Energy Corp. argued Wednesday to have a derivative suit dismissed in Delaware Chancery Court, saying they acted in good faith when approving a pair of transactions to buy offshore assets in Nigeria.

  • January 18, 2017

    UK Watchdog Weighing MasterCard, VocaLink Deal Remedies

    The U.K.’s competition watchdog is weighing whether or not MasterCard and VocaLink’s offer to lower the cost to the Link ATM network of switching to an alternative payment infrastructure supplier is enough to alleviate its antitrust concerns surrounding the combination, according to a Wednesday statement.

  • January 18, 2017

    Duke Energy To Pay To Resolve Feds' 'Gun-Jumping' Claims

    Duke Energy Corp. has agreed to pay $600,000 in civil penalties to settle the U.S. Department of Justice’s allegations that it took control of a natural gas-fired power plant in Florida from Calpine Corp. before a mandatory waiting period for antitrust review had lapsed, the department announced on Wednesday.

  • January 18, 2017

    Deals Rumor Mill: Chuck E. Cheese, Cosco, OneBeacon

    Private equity-owned Chuck E. Cheese could go public this year in an IPO valuing it at around $1 billion; Chinese state-owned Cosco is in talks to buy rival Orient in a deal worth more than $4 billion; and specialty insurer OneBeacon, worth around $1.6 billion, is up for grabs.

  • January 18, 2017

    Warburg Pincus Pays $120.5M For Stake In Indian Cinema Co.

    Private equity giant Warburg Pincus has agreed to take a 14 percent stake in Indian cinema titan PVR Ltd., in a deal worth 8.2 billion rupees ($120.5 million), the companies said on Wednesday.

  • January 18, 2017

    FTC Fines Investors For Missing Premerger Notifications

    The Federal Trade Commission has fined a hedge fund manager and an entrepreneur a total of $900,000 for violating merger notification rules by failing to report substantial share purchases, the agency announced on Tuesday.

  • January 18, 2017

    Level 3 Shareholders Sue To Stop $34B CenturyLink Deal

    A proposed class of Level 3 Communications Inc. shareholders took issue with the company’s behavior in the lead-up to and after its announced $34 billion sale to CenturyLink Inc., filing suit Tuesday in Colorado federal court over the company’s alleged failure to perform adequate due diligence.

  • January 18, 2017

    Smith Gambrell Bolsters Corporate Practice With 3 New Attys

    Smith Gambrell & Russell LLP has strengthened its New York corporate practice with the addition of three new attorneys with an established Italian practice, a move that comes after the firm's recent European expansion.

  • January 18, 2017

    Eli Lilly Pays $960M For Migraine Treatment Developer

    Pharmaceutical giant Eli Lilly and Co. has agreed to buy migraine treatment developer CoLucid Pharmaceuticals Inc. for roughly $960 million, the companies said Wednesday, in a deal guided by legal advisers Weil Gotshal & Manges LLP and Faegre Baker Daniels.

  • January 18, 2017

    O'Melveny Nabs DLA Piper Sports & Entertainment Pro

    A nationally known sports and entertainment partner from DLA Piper with extensive mergers and acquisitions and private equity experience has left that law firm to join O'Melveny & Myers LLP’s New York office, where he will chair the firm’s sports industry group.

  • January 18, 2017

    Cravath Steers Cable One’s $735M NewWave Buy

    U.S. cable provider Cable One Inc., led by Cravath Swaine & Moore LLP, revealed plans Wednesday to snap up private equity-backed NewWave Communications for $735 million in cash, a deal that stands to expand its non-urban footprint.

Expert Analysis

  • Attracting And Retaining The Millennial Lawyer

    Christopher Imperiale

    Instead of trying to change the new workforce to follow a law firm's existing processes and procedures, perhaps it's time for firms to start changing their processes and procedures to better accommodate the mentality of this next generation of lawyers, says Christopher Imperiale, a law firm adviser with Berdon LLP.

  • You May Need To Rethink Your Approach To Patents In Deals

    Rich Christiansen

    While the U.S. Supreme Court's Alice decision caused tumult and despair in the patent community, many transactions involving patent assets continued as if the decision had never occurred. But black swan events like Alice provide new impetus for re-evaluation of current transaction practice, says Rich Christiansen of Kilpatrick Townsend & Stockton LLP.

  • A Snapshot Of M&A Activity In 2016

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    2016 was a strong year for M&A activity with a global deal volume of $3.71 trillion. But year-end results did not surpass the records set in 2015 as we saw fewer megadeals and a decline in global cross-border deal volume. In this short video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP looks at the top U.S. target industries and other trends in last year’s deals.

  • 2017 Food And Beverage Industry Outlook: Part 2

    R. Trent Taylor

    The food and beverage industry is expected to see regulatory and legislative changes on multiple fronts in 2017. But industry observers also anticipate an active year in U.S. courts and in the boardrooms of domestic and international food and beverage companies, say attorneys at McGuireWoods LLP.

  • Asset Swap Transactions In The Antitrust Crosshairs

    Meytal McCoy

    While companies may think they are in the antitrust clear with asset swap transactions, two recent divestiture orders make clear that regulators will apply the same rigorous antitrust analysis in such deals as they would in a traditional merger or acquisition, says Meytal McCoy of Mayer Brown LLP.

  • It’s Time To Change The Law Firm Business Model

    Lucia Chiocchio

    Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.

  • The Outlook For Chinese Outbound M&A

    Excerpt from Lexis Practice Advisor
    Neeraj Budhwani

    Chinese companies are looking to acquire U.S. and European companies in order to bring technology, know-how and brands back to China. At the same time, there will likely be continued pushback from the U.S. government and other jurisdictions over security concerns, says Neeraj Budhwani of Clifford Chance LLP.

  • Amended Rule 37(e): 1 Year Later

    Samantha Southall

    After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.

  • Avoiding The Hidden Costs Of Bargain-Priced E-Discovery

    Michael Cousino

    Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.

  • Why Anti-Corruption Due Diligence Is Important In M&A

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    When acquiring and investing in companies, it is critical to evaluate and mitigate the risk of both previous and future violations of the Foreign Corrupt Practices Act. Mark Mendelsohn and Peter Jaffe of Paul Weiss Rifkind Wharton & Garrison LLP discuss unique challenges for investors and essential considerations for mergers and acquisitions.