Mergers & Acquisitions

  • January 19, 2018

    FTC Wants More Info On Broadcom Bid For Qualcomm

    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.

  • January 19, 2018

    FTC OKs 7-Eleven's $3.3B Bid For Sunoco Portfolio With Fixes

    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.

  • January 19, 2018

    SEC Chair Urges Retail Focus In Activist Investor Debate

    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.

  • January 19, 2018

    Gigamon Investors Seek Appraisal Of $1.6B Elliott Purchase

    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.

  • January 19, 2018

    UK Litigation Roundup: Here's What You Missed In London

    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.

  • January 19, 2018

    $10M Indorama Bid Set As Stalking Horse For M&G W.Va. Site

    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.

  • January 19, 2018

    DOJ Antitrust, FTC Chiefs Signal Continued Focus On IP

    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.

  • January 19, 2018

    Deals Rumor Mill: Bunge, Adyen, Dalian Wanda

    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.

  • January 19, 2018

    Don't Miss It: Hot Deals & Firms We're Following 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 Thompson & Knight LLP and Ropes & Gray LLP at the helm. Here, Law360 recaps the ones you might have missed.

  • January 19, 2018

    Lincoln Financial Drops $3.3B On Liberty Life Assurance

    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.

  • January 19, 2018

    Taxation With Representation: Wachtell, Kirkland, Latham

    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.

  • January 18, 2018

    Weyerhaeuser Can't Upend Domtar Win On Post-Sale Fight

    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.

  • January 18, 2018

    Deals Rumor Mill: CBS, FirstCaribbean, Boeing

    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.

  • January 18, 2018

    EU High Court Urged To Read Gun-Jumping Rules Narrowly

    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.

  • January 18, 2018

    Consumer-Oriented SPAC One Madison Prices $300M IPO

    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.

  • January 18, 2018

    Toshiba To Sell Claims Against Westinghouse For $2.2B

    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.

  • January 18, 2018

    Qualcomm Trims IP From $37.7B NXP Deal For EU Approval

    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.

  • January 18, 2018

    Discovery, Scripps Offer EU Concessions For $14.6B Merger

    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.

  • January 18, 2018

    CFIUS Changes Could Harm Export Regime, Panel Says

    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.

  • January 18, 2018

    Kirkland Advises Wyndham On $2B Buy Of La Quinta

    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.

Expert Analysis

  • Significant 2017 Decisions Affecting Private M&A: Part 1

    Nicholas O’Keefe

    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.

  • A Snapshot Of M&A Activity In 2017

    Video

    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.

  • How Delaware Courts Approach Effort Commitments

    Henry Alderfer

    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.

  • A Momentous Year For CFIUS: Part 2

    Stephen Heifetz

    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.

  • A Momentous Year For CFIUS: Part 1

    Stephen Heifetz

    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.

  • NJ’s Evolving Health Care Arena: Trends To Watch In 2018

    John Fanburg

    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.

  • 6 E-Discovery Predictions For 2018

    Erich Potter

    Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.

  • 2017 Del. Cases That Reflected Transformation In M&A Law

    Gail Weinstein

    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.

  • 6 Roles To Embrace In An Evolving Legal Industry

    Rob MacAdam

    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.

  • Opinion

    This Year, Let’s Invest In Lawyer Resiliency

    krishtel.photo.jpg

    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.