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Mergers & Acquisitions

  • October 22, 2018

    Rams Owner's Co. Wants Suit Tossed Over 'Stolen' Docs

    The former president of two aerial camera companies who is suing Los Angeles Rams owner Stan Kroenke's entertainment holding company over its unexpected purchase of the businesses has pushed back against a bid to toss his suit as a sanction for "stealing" documents, calling the request cynical and overblown.

  • October 22, 2018

    Equus Investor Says Equity Perk Suit Should Stay Alive

    A proposed class seeking to undo an approved Equus Total Return Inc. stock incentive plan argued in Delaware Chancery Court on Monday that their complaint claiming not enough information was provided for shareholders about the plan should move forward to trial.

  • October 22, 2018

    Equistone Bids €283M For French Sport Shoe Business

    The parent company of French retail chain Casino has received a €283 million ($326 million) offer for its Courir sport shoe brand from private equity firm Equistone, according to Monday press releases from both sides of the deal.

  • October 22, 2018

    Deals Rumor Mill: O2, PMI, Constellation Brands

    O2 is reportedly pausing its £10 billion ($13 billion) initial public offering, Precision Motion Industries Inc. has seen bids from Japanese Apple Inc. supplier Nidec Corp. and Schaeffler AG, and Constellation Brands Inc. wants to sell some domestic wine brands.

  • October 22, 2018

    Sidley Reps Z Capital In Unsolicited $133M Casino Co. Bid

    Sidley Austin LLP has guided asset manager Z Capital Partners LLC and casino company Affinity Gaming in their $133 million unsolicited takeover bid announced Monday for the acquisition of gaming facilities owner-operator Full House Resorts Inc., the law firm said.

  • October 22, 2018

    Sprint-T-Mobile Deal Could Kill Plans, Charter Tells FCC

    T-Mobile's planned megamerger with Sprint could hurt competition in the wireless market by wiping out the only carrier willing to work with cable operators to lease out mobile capacity, cable giant Charter Communications Inc. told federal regulators.

  • October 22, 2018

    Sullivan & Cromwell Reps Fiat Chrysler In €6.2B Unit Sale

    Italy’s Fiat Chrysler, led by Sullivan & Cromwell LLP, will part ways with Magneti Marelli in a €6.2 billion sale to an affiliate of private equity-backed Calsonic Kansei to create the seventh-largest global independent automotive parts supplier, according to a Monday statement.

  • October 22, 2018

    FTC Clears $70B Linde-Praxair Deal With Asset Sale

    German gas giant Linde AG said Monday that it has received the last green light needed for its planned $70 billion merger with Praxair Inc. after the companies reached a deal with the Federal Trade Commission to sell several assets in exchange for the agency’s blessing.

  • October 22, 2018

    EnLink Is Latest Midstream Co. To Abandon MLP Structure

    Dallas-based EnLink Midstream LLC has agreed to acquire all of the outstanding shares in EnLink Midstream Partners LP it doesn’t already own in a deal to simplify its structure and create a midstream powerhouse with a $13 billion enterprise value, the companies said on Monday.

  • October 22, 2018

    Wachtell, Fried Frank Steer Jacobs' $3.3B Energy Biz Sale

    Jacobs Engineering Group Inc. has agreed to sell its energy, chemicals and resources business to Australia-based WorleyParsons Ltd. for $3.3 billion in a deal that was guided by Baker Botts LLP, Wachtell Lipton Rosen & Katz and Fried Frank Harris Shriver & Jacobson LLP, Jacobs said on Monday.

  • October 22, 2018

    4 Firms Guide $1.75B Sale Of Icahn-Backed Rail Car Co.

    An affiliate of private investment firm ITE Management LP, steered by Willkie Farr & Gallagher LLP, has agreed to take over American Railcar Industries Inc., which was advised by Thompson Hine LLP, Brown Rudnick LLP and White & Case LLP, in a deal with an enterprise value of roughly $1.75 billion, the companies said Monday.

  • October 19, 2018

    GreenTech Auto Fetches $50M Ch. 11 Stalking Horse Bid

    An electric car company co-founded by former Virginia Gov. Terry McAuliffe asked a Virginia bankruptcy court for permission to name a Chinese investment firm as the $50 million stalking horse bidder for its assets.

  • October 19, 2018

    8 Firms To Guide IPOs Surpassing $1.6B In Seesaw Market

    Eight law firms are set to steer five initial public offerings estimated to raise more than $1.6 billion during the week of Oct. 22, potentially helping five companies spanning the fintech to biotechnology industries go public, assuming the recently choppy stock market cooperates.

  • October 19, 2018

    Chancery Closes Gender Gap, National Courts Moving Slowly

    Delaware lawmakers caused a small stir earlier this month when they confirmed two veteran female attorneys to the state’s Court of Chancery, expanding the nationally important court by two seats while roughly closing the gender gap among its now-seven members for the first time.

  • October 19, 2018

    EFH Reserve Release On Hold Pending 3rd Circuit Rehearing

    A Delaware bankruptcy judge on Friday delayed release of a $275 million reserve to Energy Future Holdings Inc.’s creditors pending a Third Circuit decision whether to reconsider its ruling that EFH should be freed from paying a termination fee after its deal to sell NextEra Energy Inc. its share of a power distribution system fell apart.

  • October 19, 2018

    Deals Rumor Mill: Swiss Re, CPPIB, Nestle

    Swiss Re discussed investing in Anbang Insurance Group Co., the Canada Pension Plan Investment Board is getting ready to bid for a stake in Gatwick Airport, and Nestle has tapped advisers related to a potential deal to sell its skincare business.

  • October 19, 2018

    Don't Miss It: Goodwin, Fried Frank Lead Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Goodwin Procter LLP and Fried Frank Harris Shriver & Jacobson LLP. Here, Law360 recaps the ones you might have missed.

  • October 19, 2018

    Sprint-T-Mobile Merger Racks Up More Small-Biz Support

    Sprint and T-Mobile's proposed combination has continued drawing support from small and rural stakeholders who say the deal will bring benefits of modern technology to neglected communities, most recently expressed in filings from the Vermont Business Roundtable and the Chattanooga Area Chamber of Commerce.

  • October 19, 2018

    EU Approves Microsoft's $7.5B Deal For GitHub

    Europe's competition enforcer said Friday that it had approved Microsoft Corp.'s planned $7.5 billion purchase of code-hosting platform GitHub Inc. without conditions after finding that the software giant won’t be able to stop GitHub from providing users access to third-party tools.

  • October 19, 2018

    Group Offers $3.8B To Take Over Shopping Center Owner Intu

    U.K.-based shopping center owner Intu Properties PLC on Friday said it received a £2.92 billion ($3.8 billion) takeover offer from a group that includes its deputy chairman and his investment company, along with a Middle Eastern investment company and Brookfield Asset Management Inc.'s real estate investment arm.

Expert Analysis

  • Navigating Geopolitics In US-China Investments

    Charles Comey

    Notwithstanding protectionist trends on both sides of the Pacific, there continues to be high levels of interest from Chinese investors looking to invest in U.S. companies and vice versa. Charles Comey and Jim Ryan of Morrison & Foerster LLP discuss the new regulatory challenges facing these deals.

  • ​Takeaways From Senate Antitrust Enforcement Hearing

    Joseph Bial

    While testifying before the Senate's antitrust subcommittee earlier this month, the chairman of the Federal Trade Commission and the head of the U.S. Department of Justice Antitrust Division provided additional detail about several of the agencies’ initiatives, say attorneys with Paul Weiss Rikfind Wharton & Garrison LLP.

  • Need Litigation Finance? Don't Skip These 5 Steps

    Molly Pease

    The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.

  • 4 Things To Watch In The Sears Bankruptcy

    Karen Park

    Following Sears' bankruptcy filing this week, there could be an announcement that the company has agreed to sell its most valuable stores to an affiliate of its largest shareholder, say Karen Park of ParkLaw LLC and Tara Desai of Greenhouse Branding Inc.

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • CFIUS Pilot Program: Immediate Investment Implications

    Ama Adams

    The Committee on Foreign Investment in the United States has announced a pilot program to review noncontrolling foreign investments in certain U.S. industries that were formerly outside the scope of its jurisdiction. This is a rapid assertion of CFIUS' new powers under the Foreign Investment Risk Review Modernization Act, say attorneys with Ropes & Gray LLP.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • What Akorn Teaches Us About Delaware MAC Clauses

    David Leinwand

    Until Vice Chancellor J. Travis Laster’s decision this month in Akorn v. Fresenius, no Delaware court had released a buyer from its obligation to close a transaction as a result of a material adverse effect or change. But we expect the conventional wisdom to continue to hold true — that it is extremely difficult for an acquirer to establish the occurrence of a MAC, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.