Real estate investment trust Silver Bay Realty Trust Corp. has agreed to be acquired by Tricon Capital Group Inc. in a $1.4 billion all-cash transaction, the companies said Monday, a deal that saw Orrick Herrington & Sutcliffe LLP serving as Silver Bay’s legal adviser.
A battle over the per-share price paid in the $8.7 billion buyout of PetSmart Inc. in 2015 could get curbed while Delaware’s Supreme Court considers two other big appraisal cases already under appeal, a Delaware vice chancellor said Monday.
Shareholders of a chain of inpatient behavioral health centers told a federal jury in Boston on Monday that the company's CEO gave himself a $4.7 million payout and a cushy new job amid a 2011 merger with Acadia Healthcare, while short-changing most investors.
Sullivan & Cromwell LLP said Monday that it has brought on Renata Hesse, the former head of the U.S. Department of Justice’s Antitrust Division, bolstering the firm’s competition and merger clearance capabilities with an attorney experienced in both the private and public sectors.
Perrigo, amid pressure from activist hedge fund Starboard, said it will sell the royalty rights for a blockbuster multiple sclerosis drug to Royalty Pharma in a Monday deal that could be worth up to $2.85 billion, as it turns its attention toward its consumer-facing and prescription drug operations.
German vacuum pump manufacturer Pfeiffer Vacuum on Monday urged its shareholders to reject a tender offer from rival Busch that would value the company at €949 million ($1.02 billion), calling the price inadequate.
SoftBank could inject more than $3 billion into WeWork, Milestone Apartments is seeking to raise the price tag of its already agreed upon $1.3 billion takeover by Starwood Capital, and Total is in discussions to buy a multibillion-dollar stake in an Iranian liquefied natural gas export facility.
Katten Muchin Rosenman LLP said Monday it has hired a former Proskauer Rose LLP partner who specializes in advising banks, corporations and other financial institutions on how to finance mergers and acquisitions and other deals.
Cooley LLP said Monday it has hired the former chair of Stroock & Stroock & Lavan LLP’s private equity practice as a partner in its Los Angeles office, bolstering Cooley’s capabilities in complex transactions including acquisitions, public offerings and others.
Private-equity-backed real estate development company Dospuntos has agreed to buy Spanish development and construction firm Vía Célere in a deal worth €90 million ($95.45 million), the companies said Monday.
Hotel operator and franchisor China Lodging Group Ltd. said it would buy all of the outstanding shares in a Chinese boutique hotel operator in a 3.65 billion yuan ($530 million) cash deal on Monday that marks China Lodging’s latest expansion in the region.
Dallas, Texas-based private equity shop Lone Star Funds is partnering with Indian infrastructure financing and developmental organization IL&FS on a joint venture that will have $550 million to direct toward stressed infrastructure projects in India, the companies said Monday.
Plans to create Europe's largest stock exchange with the £24 billion ($30.1 billion) merger between the London Stock Exchange Group PLC and Deutsche Börse AG teetered on the brink after the U.K. exchange said late Sunday it couldn't sell a key Italian subsidiary to allay antitrust concerns in time for a Monday deadline.
Dell Inc. stockholder attorneys who won a 28 percent bump in share prices after a Delaware Chancery Court challenge to a $24.9 billion go-private buyout told Delaware’s Supreme Court late Thursday that justices should either uphold the price over Dell’s objections or take it higher.
A D.C. federal judge unfairly held Anthem and Cigna to higher standards than the U.S. Department of Justice when assessing potential benefits and costs of a proposed merger, economists and scholars told the D.C. Circuit on Friday.
Former executives of Lemon LLC told a Delaware Chancery judge Friday that a suit over intellectual property brought by LifeLock Inc. should be tossed because the same issues have been raised in a California action that has been stayed in that venue, arguing that Delaware precedent prevents overlapping litigation.
Shareholders in medical aesthetics company Cynosure Inc. filed suit in Massachusetts federal court Friday to halt the company’s proposed $1.44 billion sale to Hologic Inc., saying they don’t have enough information to ensure the cash purchase is a good deal.
Federal Communications Commission Chairman Ajit Pai floated a measure Thursday to cut an Obama-era merger condition placed on last year’s deal between Time Warner Cable and Charter Communications that forces the company to offer services in some already-served areas.
A potential settlement that would have released the minority owners of a network infrastructure company from a lawsuit brought by one of Pennsylvania’s largest private equity firms alleging they misrepresented the value of their asset collapsed Friday, after a federal trial had been postponed because of the pending agreement.
A former Gibson Dunn partner who has represented financial advisers in private equity-backed deals with Sheridan Healthcare Inc. and Burger King has joined Weil Gotshal & Manges LLP in New York.
Merger agreement provisions such as breakup fees, termination fees, reverse breakup fees, reverse termination fees and closing failure fees are easily misunderstood, as evidenced by the recent competing suits between Anthem and Cigna. The confusion stems, in part, because these fees take a wide range of forms and serve a wide range of functions, say attorneys with Gibson Dunn & Crutcher LLP.
If today’s law firms are willing to rethink their perceptions of millennials, they may see greater success in attracting and retaining new talent by giving the younger generation the kind of retirement planning benefits they want and need, says Nathan Fisher of Fisher Investments.
The cases challenging President Donald Trump’s executive orders fit within the established legal framework that limits, but does not preclude, judicial review of such orders, says Steven Gordon of Holland & Knight LLP.
Oil and natural gas markets hit bottom last year, with oil prices 75 percent lower, and gas prices 80 percent lower, than at their 2014 peaks. Oil and gas firms responded with job and capital expense cuts, and many faced restructuring. But steady price growth during the past year has led to more stability, say attorneys from Skadden Arps Slate Meagher & Flom LLP.
With the increased popularity of enterprise risk management in multinational companies, executives are asking employees to redefine their roles. Robert Ginsburg, founder of RBG Global, explores how some of the most insidious cross-border risks fall through the cracks and decimate investments — and how lawyers and ERM can catch them before they manifest as losses.
Presidential adviser Kellyanne Conway's TV appearances provide some examples of what lawyers should and shouldn't do when speaking to the media, says Michelle Samuels, a vice president of public relations at Jaffe.
A New York appellate court’s recent decision in Gordon v. Verizon presents a number of important suggestions on the future direction of merger objection lawsuits, and raises the question of whether New York will become an attractive forum for such cases, says Kevin LaCroix of RT ProExec.
We all recognize that cutting or copying text from earlier works and pasting it into new documents saves attorneys time. However, with this increase in speed comes an increased risk of making, or not catching, errors, says Robert Lang of D’Amato & Lynch LLP.
In 2018, the regulatory landscape surrounding revenue recognition will change for many companies. Deal makers will need to ensure they understand the impact of the new standard on historical results and that any purchase price mechanisms properly reflect the intentions of each party, say Frank Lazzara and John Sullivan of FTI Consulting Inc.
Detractors of litigation funding have strained to characterize a recent decision from a California federal court as significant headway in their crusade against the litigation funding industry. However, in truth, this is a victory for both the industry and those in need of capital to bring meritorious claims against wrongdoers in an often prohibitively expensive legal system, say Matthew Harrison and Priya G. Pai of Bentham IMF.