Mergers & Acquisitions

  • October 19, 2017

    An FTC Under Simons Will Likely Stay The Course

    The Federal Trade Commission is finally primed to receive a new leader with President Donald Trump’s expected nomination of Joseph J. Simons of Paul Weiss Rifkind Wharton & Garrison LLP to serve as the agency’s chairman, but antitrust attorneys say not to expect any major shifts in policies or priorities if he gets confirmed. Here, Law360 takes a look at what Simons might face at his confirmation hearing and what an FTC under him could look like.

  • October 19, 2017

    FCC Pauses Sinclair-Tribune Merger Review For Comments

    The Federal Communications Commission on Wednesday announced it is slowing down its review process for the proposed merger between Sinclair and Tribune to allow the public more time to comment on additional details the media giants provided this month on the $3.9 billion deal.

  • October 19, 2017

    TransPerfect Co-Founder Challenges 'Extreme' Doc Sealing

    Philip Shawe, the co-founder of legal translation firm TransPerfect who is fighting its court-ordered sale, pushed the Delaware Chancery Court on Thursday to unseal filings from the custodian running the sale process, arguing he is taking "extreme liberties" with the judge's previous permission to keep some information under wraps.

  • October 19, 2017

    Benihana Asks 2nd Circ. Not To Revive Counterpart's Suit

    The American arm of the Benihana restaurant chain asked the Second Circuit on Wednesday not to revive a suit alleging it tried to force its international counterpart into handing over that counterpart's franchises, arguing that a lower court properly held the America arm was acting in its economic best interest.

  • October 19, 2017

    Lyft Scores $11B Valuation In Funding Round Led By CapitalG

    Ride-hailing service Lyft Inc. scored $1 billion in a financing round led by Google affiliate CapitalG, lifting its valuation to $11 billion with an investment that also added a board member to the California-based company, according to a Thursday statement.

  • October 19, 2017

    Deals Rumor Mill: Unilever, easyJet, Sinochem

    Multiple private equity firms are vying for Unilever's multibillion-dollar margarine and spreads business, U.K.-based easyJet Airline will buy assets from bankrupt Air Berlin, and China's Sinochem is readying a Hong Kong initial public offering of shares in its main oil assets.

  • October 19, 2017

    Parker Hannifin Says Feds' Merger Challenge Came Too Late

    Parker Hannifin Corp. and Clarcor Inc. on Wednesday accused the federal government of dragging its feet to challenge their $4.3 billion tie-up, urging a Delaware federal court to block enforcers’ bid to partially unwind the now-completed transaction.

  • October 19, 2017

    Abertis’ Board Looks For Sweetened Bid From Atlantia

    Spain-based toll road operator Abertis Infraestructuras SA’s board of directors called on Italy’s Atlantia SpA to sweeten its proposed €16.34 billion ($19.3 billion) takeover offer Thursday, a day after a competing bid was lobbed by a unit of Spanish building company Actividades de Construccion y Servicios SA.

  • October 19, 2017

    AbbVie Must Face Suit Over Failed Shire Deal In Ill. Court

    AbbVie Inc. will have to face litigation that it defrauded a Shire PLC investor when it pulled out of a $55 million merger between the companies in Illinois state court, a federal judge ruled Wednesday, despite a fight by AbbVie to keep it on the federal stage.

  • October 18, 2017

    Dollar Tree Says Dollar Express Claims Lack Factual Basis

    Discount retailer Dollar Tree Inc. on Wednesday attacked counterclaims lobbed by the purchaser of its divested stores in its Delaware suit seeking payment for inventory, saying Dollar Express has no facts to back up its argument that Dollar Tree sought to sink the stores after the transfer.

  • October 18, 2017

    Deals Rumor Mill: F2i, Advent International, Roots

    An Italian private equity infrastructure fund manager is seeking to raise at least $3.5 billion, Advent International is selling its stake in a Spanish explosives maker that was founded by the inventor of dynamite, and Canadian retailer Roots raised $160 million in its IPO.

  • October 18, 2017

    Trump Nominates Joseph Simons Of Paul Weiss As FTC Chair

    President Donald Trump on Thursday named Joseph J. Simons of Paul Weiss Rifkind Wharton & Garrison LLP to lead the Federal Trade Commission in a bid to fill one of the major gaps in his administration’s leadership on antitrust, merger and consumer protection policy.

  • October 18, 2017

    AT&T’s $85B Time Warner Deal Awaits DOJ After Brazil’s Nod

    AT&T Inc. on Wednesday said that Brazil’s antitrust authority has conditionally approved its planned $85.4 billion purchase of Time Warner Inc., leaving the U.S. Department of Justice as the last regulatory hurdle for the megadeal.

  • October 18, 2017

    ACS Unit Makes Rival €17.1B Bid For Toll Road Co. Abertis

    A unit of Spanish building company Actividades de Construccion y Servicios SA lobbed a competing, €17.1 billion ($20.1 billion) bid at Spain’s Abertis Infraestructuras SA on Wednesday, topping an offer made for the toll road operator earlier this year by Italy’s Atlantia SpA.

  • October 18, 2017

    2nd Circ. Won't Revive Ex-Faruqi Atty's Commissions Suit

    A Second Circuit panel on Wednesday torpedoed a former Faruqi & Faruqi LLP partner’s bid for a cut of $4 million the firm had earned on a settlement for a client she'd brought in, ruling that a New York federal judge hadn’t erred in concluding her oral compensation agreement with the firm wasn’t enforceable under state law.

  • October 18, 2017

    Willkie Farr Guides Assurant In $1.9B Warranty Group Buy

    New York-based Assurant Inc., led by Willkie Farr & Gallagher LLP, said in a Wednesday statement it will snap up private-equity-backed The Warranty Group for $1.9 billion, as the insurance company looks to expand its global reach.

  • October 18, 2017

    $1B Accor-Mantra Deal Hits Aussie Regulator's Radar

    Australia's competition watchdog said Wednesday it is keeping an eye on French hotel group Accor SA’s AU$1.3 billion (US$1 billion) deal for Mantra Group, less than a week after the proposed tie-up was revealed.

  • October 18, 2017

    Investcorp Adds To Buying Spree With $370M Kee Safety Deal

    Investment manager Investcorp said Wednesday it will acquire Kee Safety Ltd., a U.K.-based supplier of guardrail and other safety products, from private equity firms Dunedin LLP and Lloyds Development Capital Ltd. for $370 million (£280 million) as Investcorp aggressively pursues a new growth strategy.

  • October 18, 2017

    EU Accepts Becton Dickinson's Fixes For $24B Bard Buy

    Europe's competition enforcer said on Wednesday that it has approved Becton Dickinson and Co.'s planned $24 billion purchase of fellow New Jersey-based medical supply company C.R. Bard Inc., accepting the divestment proposed by BD last month.

  • October 17, 2017

    ServiceMesh Buyer Seeks Indicted Ex-CEO's Legal Fees

    The company that bought cloud computing business ServiceMesh Inc. in 2013 asked Delaware’s chancellor Tuesday for clearance to pursue millions in escrowed funds for legal fees paid for ServiceMesh’s recently indicted ex-CEO.

Expert Analysis

  • The Law Firm CFO’s Role In The Strategic Planning Process

    Tyler Quinn

    Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.

  • Law Firms Must Transition To An Industry Sector Approach

    Heidi Gardner

    Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.

  • On Second Thought: EFH Court's Extraordinary Move

    Steven Wilamowsky

    The Delaware bankruptcy court’s recent decision in Energy Future Holdings, granting a motion to reconsider a decision it made over a year ago and denying a breakup fee it had previously approved, is at once troubling and instructive, say Steven Wilamowsky and Sara Ghadiri of Chapman and Cutler LLP.

  • Series

    Judging A Book: Kozinski Reviews 'The Judge'

    Judge Alex Kozinski

    In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.

  • Anti-Inversion Rule Down, But Not Out, With Texas Ruling

    Mary Monahan

    A Texas federal court recently struck down the temporary anti-inversion regulation charged with preventing the planned merger between Pfizer and Allergan as well as other cross-border transactions. The decision may have significant procedural implications, but there may be little practical import for this specific regulation, say attorneys with Eversheds Sutherland.

  • Financial Crisis Anniversary

    New Post-Recession Metrics For BigLaw Partner Success

    Peter Zeughauser

    After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.

  • Opinion

    Time To Lift Student Loan Counseling Restrictions

    Christopher Chapman

    While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.

  • Learning From DOJ’s Parker Hannifin Merger Challenge

    Jack Sidorov

    The U.S. Department of Justice's recent lawsuit challenging Parker Hannifin’s consummated acquisition of Clarcor serves as an important reminder that the agencies can — and in some limited instances will — challenge consummated transactions that were reported to them under the Hart-Scott-Rodino Act, says Jack Sidorov of Lowenstein Sandler LLP.

  • Why You Should Consider Hyperlinking Your Next Brief

    Christine Falcicchio

    The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.

  • Preparing For NYC's New Salary History Law

    Michael Albano

    Recent guidance from the New York City Commission on Human Rights clarifies several aspects of the city's new salary history law that takes effect this month, including its application in the context of corporate acquisitions, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.