Mergers & Acquisitions

  • December 15, 2017

    Aeropostale Files Ch. 11 Plan, Says Lenders Are On Board

    Bankrupt clothing retailer Aeropostale filed an amended restructuring plan Thursday, more than a year after it was sold to a group of commercial real estate owners and other companies, saying its lenders have agreed to its proposed wind-down and distribution arrangement.

  • December 15, 2017

    $75M Alliance HealthCare Merger Elicits Appraisal Suit

    An investor in radiology and oncology services firm Alliance HealthCare Services Inc. filed an appraisal petition Friday in Delaware Chancery Court, seeking a court valuation of the investor's shares in the company following its $75 million acquisition by investment holding funds.

  • December 15, 2017

    Dell Ruling Bridges Philosophical Gap In Del. Appraisal Law

    With its reversal of the Chancery Court's appraisal of Dell's $25 billion take-private deal, the Delaware Supreme Court on Thursday closed a rare gulf in philosophies between the two courts and set a cardinal benchmark for appraisal litigation, experts say.

  • December 15, 2017

    Deals Rumor Mill: Platinum Equity, Toshiba, Aston Martin

    Platinum Equity could pay nearly $4 billion for Husky Injection Molding Systems, Chinese regulators are investigating the multibillion-dollar sale of Toshiba Memory Corp. and British sports car maker Aston Martin is gearing up either for a public listing or a sale.

  • December 15, 2017

    Unilever Inks $8B Sale Of Margarine Biz To KKR

    European consumer goods giant Unilever has agreed to sell its margarine and spreads business to KKR & Co. LP for €6.825 billion ($8.03 billion), the companies revealed Friday, bringing an end to months of speculation concerning the Unilever unit.

  • December 15, 2017

    Final GOP Tax Bill Settles On 21% Corporate Rate

    Republicans unveiled the final version of their tax cut bill on Friday that would impose a 21 percent flat rate on corporations, set the maximum individual tax rate at 37 percent and largely adopt the Senate’s proposal for pass-through businesses.

  • December 15, 2017

    Real Estate Rumors: Fox Lot, Akelius, Robert Danial

    Disney is reportedly leasing the Fox production lot in Century City, California, as part of its pending deal to buy 21st Century Fox, Akelius Real Estate Management is said to have picked up various Brooklyn apartment buildings for roughly $35 million, and Florida investor Robert Danial has reportedly bought a Miami building for $10.7 million.

  • December 15, 2017

    Health Hires: Holland & Knight, EBG, Quarles, Ciitizen

    Over the last few weeks, Holland & Knight LLP, Epstein Becker Green, Quarles & Brady LLP and medical records startup Ciitizen have grown their health care and life sciences teams with pros from Laredo & Smith LLP, LifePoint Health and the U.S. Department of Health and Human Services.

  • December 15, 2017

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days, with firms such as Jones Day and Paul Weiss Rifkind Wharton & Garrison LLP at the helm. Here, Law360 recaps the ones you might have missed.

  • December 15, 2017

    CNX To Pay $305M For 50% Stake In Marcellus Shale Player

    Pittsburgh-based CNX Resources Corp., which until recently was the gas division of Consol Energy Inc., will pay $305 million in cash to acquire Noble Energy's 50 percent stake in Marcellus Shale player Cone Gathering LLC, the companies announced Friday.

  • December 15, 2017

    MVP: Paul Weiss' Scott Barshay

    Paul Weiss Rifkind Wharton & Garrison LLP’s Scott A. Barshay, leader of the firm's global mergers and acquisitions practice, has helped negotiate more than $200 billion in deals in the past year, and a $143 billion merger for the Kraft Heinz Co. anchored his mega-deal workload, landing him among Law360's 2017 Mergers & Acquisitions MVPs.

  • December 15, 2017

    Taxation With Representation: Skadden, Cravath, Shearman

    In this week’s Taxation With Representation, Disney shelled out $52.4 billion for 21st Century Fox’s film and television studios, Unibail snapped up Westfield for $15.7 billion, and Corning bought most of 3M’s communication markets business for $900 million.

  • December 15, 2017

    House-Senate Negotiators Approve GOP Tax Bill

    Republicans on Friday signed off on changes to their $1.5 trillion tax cut bill to settle differences between the House and Senate versions of the legislation, even as details of the final bill remain largely hidden.

  • December 14, 2017

    Boston Herald Seeks Speedy Ch. 11 Sale To GateHouse

    The publisher of the Boston Herald, now bankrupt with plans to sell the tabloid to newspaper chain GateHouse Media LLC, asked Wednesday for a hearing in early January to establish stalking horse protections and set a date to close the sale in late March.

  • December 14, 2017

    Disney's Fox Deal To Get Scrutiny, But Will Likely Clear

    After weeks of speculation, Disney announced a $52.4 billion deal with 21st Century Fox on Thursday that will see it acquire Fox's production studios and several other assets, and while the move is likely to receive some scrutiny because of its size and complexity, it should earn clearance from the DOJ without serious changes.

  • December 14, 2017

    MVP: Sullivan & Cromwell's Eric Krautheimer

    Sullivan & Cromwell LLP's Eric Krautheimer shepherded clients through three of the biggest transactions in the past year, including the $108.7 billion AT&T merger with Time Warner, Bayer's $66 billion acquisition of Monsanto and Amazon's $13.7 billion purchase of Whole Foods, making him one of Law360's 2017 Mergers & Acquisitions MVPs.

  • December 14, 2017

    Deals Rumor Mill: Snyder's-Lance, EssilorLuxottica, YPF

    Snack giant Snyder's-Lance is mulling a sale after having been approached by Campbell Soup about a potential takeover, a merger creating a $49 billion eyewear giant is expected to be approved by the European Commission, and Argentine energy giant YPF is selling stakes in its electricity generation business.

  • December 14, 2017

    Bankrupt Coal Co. Asks To Pay Bonuses To Retain Workers

    Bankrupt coal producer Armstrong Energy Inc. on Wednesday asked a Missouri bankruptcy court for permission to hand out a $500-per-worker bonus to keep its mines operating in the face of impending layoff notices.

  • December 14, 2017

    Del. Justices Reverse $7B Price Bump In Dell Deal Appraisal

    The Delaware Supreme Court on Thursday reversed the Chancery Court’s appraisal decision of Dell Inc.’s $25 billion buyout that said it was underpriced by roughly $7 billion, ruling that Vice Chancellor J. Travis Laster’s analysis was “based on several assumptions that are not grounded in relevant, accepted financial principles.”

  • December 14, 2017

    Singapore REIT Drops $178M On Property Stake

    ESR-REIT has picked up an 80 percent stake in an entity that owns a leasehold interest in a Singapore office building for SG$240 million ($178.2 million), in what is the largest-ever purchase for the real estate investment trust, ESR said in a statement on Thursday.

Expert Analysis

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, and stating my biases upfront, it is possible for me to look analytically at the Bartlit Beck fee model and make some observations on the pros and cons of one version of alternative fees, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Voice In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three jury system improvements that will give jurors an active voice and role in our civil and criminal jury trials.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.

  • 10 Tips For Managing Litigation Risk In Sell-Side M&A

    John Pollack

    While it is important to focus on “getting the deal done,” a seller should also take into account and plan for potential deal litigation. For a public company contemplating a sale-of-control transaction, shareholder litigation is very likely, say attorneys with Gibson Dunn & Crutcher LLP.

  • What To Make Of CVS-Aetna And Other Megadeals

    Randy Gordon

    Under one view, large-scale mergers like the one proposed between CVS and Aetna are fine so long as they don’t restrict consumer choices and stifle innovation. But from another view, “bigness” can be an evil in its own right, says Randy Gordon of Crowe & Dunlevy PC.

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.

  • UK Merger Control Regime Is More Than Just Voluntary

    Douglas Lahnborg

    The United Kingdom has a voluntary merger control regime, and many companies choose not to notify transactions to the Competition and Markets Authority. However, it may be preferable to notify the CMA of an anticipated merger in order to avoid seriously disruptive initial enforcement orders, say Douglas Lahnborg and Saira Henry of Orrick Herrington & Sutcliffe LLP.