Mergers & Acquisitions

  • July 25, 2017

    Barnes & Noble Urged By Activist Sandell To Mull Sale

    Activist investor Sandell Asset Management Corp. revealed a stake Tuesday in Barnes & Noble Inc., calling for the “unconscionably” undervalued book retailer to consider going private as it would likely make a prime target for internet or media companies or private equity sponsors.

  • July 25, 2017

    $5B Parexel Take-Private Deal Incites Investors

    Pamplona Capital Management LLP's plans to take biopharmaceutical services provider Parexel International Corp. private sparked a Massachusetts federal lawsuit Monday alleging the $5 billion deal is unfair to investors.

  • July 25, 2017

    Michael Kors Scoops Up Jimmy Choo In $1.35B Deal

    International fashion brand Michael Kors Holdings Ltd. on Tuesday said it will take over luxury shoe and accessory designer Jimmy Choo PLC in a deal worth $1.35 billion struck approximately three months after Jimmy Choo announced a plan to explore a sale.

  • July 25, 2017

    Stada Boards Back Sweetened €4.12B Bain, Cinven Buyout

    German pharmaceutical company Stada Arzneimittel AG on Tuesday encouraged shareholders to accept a sweetened €4.12 billion ($4.8 billion) takeover offer from Bain Capital and Cinven, after an earlier buyout offer from the private equity shops failed to secure enough shareholder support to move forward.

  • July 25, 2017

    India's Regulator Greenlights $23B Vodafone, Idea Merger

    The U.K.’s Vodafone Group PLC and Aditya Birla Group’s Idea Cellular Ltd. have won approval from India’s competition regulator to go ahead with a $23.2 billion merger that is poised to create the country’s largest telecommunications operator.

  • July 25, 2017

    AkzoNobel Plans Shareholder Meeting Amid Activist Pressure

    Dutch coatings and chemicals company AkzoNobel on Tuesday announced plans for a shareholder meeting along with new measures aimed at easing relations with investors amid pressure from Elliott, a move the activist hedge fund says still falls short and fails to establish a truly democratic vote.

  • July 24, 2017

    Equus Investor Fights Bid To Toss Equity Perk Suit

    Attorneys for a proposed class seeking to undo an approved Equus Total Return Inc. stock incentive plan parried suggestions Monday that their complaint alleged too little, too late during Delaware Chancery Court arguments on a company dismissal motion.

  • July 24, 2017

    Dems Embark On Agenda To Limit Mergers, Tax Loopholes

    In an effort to turn around recent electoral losses, the Democratic party launched a campaign on Monday that attacks the Republicans’ tax reform goals as enriching the wealthy on the backs of those with lower incomes while promising to limit large mergers, rein in rising drug prices and boost wages.

  • July 24, 2017

    TerraForm Brass Reach $20M Settlement Of Solar Deal Suit

    Directors of TerraForm Global Inc., one of the yieldcos affiliated with bankrupt SunEdison Inc., unveiled Friday the deal settling, for $20 million, Delaware Chancery Court derivative claims connected to an Indian solar project deal, but the resolution requires a ruling from the New York bankruptcy court allowing insurance funding.

  • July 24, 2017

    Partners Group Buys IT Services Firm Civica In $1.3B Deal

    Swiss asset manager Partners Group said Monday that it has agreed to buy information technology services provider Civica from an affiliate of the Ontario Municipal Employees Retirement System in a deal valuing the company at just over £1 billion ($1.3 billion), including debt.

  • July 24, 2017

    Elliott Wants Vote On AkzoNobel CEO, Info On Co.'s Plans

    Activist hedge fund Elliott Advisors on Monday urged AkzoNobel to let investors vote on the Dutch coatings and chemicals company’s new CEO, calling his status “untenable” and pushing for more details on company plans now that a €26.9 billion ($31.3 billion) buyout offer is off the table.

  • July 24, 2017

    $425M DSI Renal Ch. 7 Recovery Suit Can Proceed

    The court-appointed trustee of defunct DSI Holdings LLC can pursue a $425 million suit against insiders and investors in the dialysis provider who he says abused the bankruptcy process to cheat creditors out of proceeds from the company’s lucrative sale, as a Delaware bankruptcy court mostly denied requests last week to toss the case.

  • July 24, 2017

    Mitsubishi Tanabe Pays $1.1B For Israeli Clinical Drug Co.

    NeuroDerm Ltd. said Monday that Japan's Mitsubishi Tanabe Pharma Corp. will pay $1.1 billion to acquire the Israeli drug manufacturer in a deal the company believes will help bolster its Parkinson's disease treatment.

  • July 24, 2017

    Deals Rumor Mill: Spotify, UPL, Nestle

    Spotify is nearing a royalty deal that's needed before it seeks a U.S. IPO, India's UPL may lob a competing bid for Platform Specialty Products' agrochemical business, and private equity-backed Ferrara Candy is seen as a potential suitor for Nestle's U.S. candy business.

  • July 24, 2017

    Judge Won't Block Shareholder Vote Over DigitalGlobe Merger

    A Colorado federal judge refused Friday to block an upcoming vote by shareholders of DigitalGlobe Inc. on whether to approve the earth imaging company's $2.4 billion tie-up with satellite communications company MacDonald Dettwiler and Associates Ltd. after investor plaintiffs sued over the merger's terms.

  • July 24, 2017

    Crowell & Moring Adds Ex-Official In DOJ Antitrust Unit

    A former official in the U.S. Department of Justice’s Antitrust Division joined Crowell & Moring LLP as a partner in its New York office, the firm said Monday, bringing a wealth of experience in litigation and antitrust investigations back to the private sector.

  • July 24, 2017

    EU Launches In-Depth Review Of $670M Knorr-Haldex Deal

    The European Union’s competition regulator said Monday it was opening an in-depth investigation into German brake company Knorr-Bremse AG’s proposal to purchase Swedish rival Haldex AB for 5.52 billion Swedish kronor ($670 million), mere weeks after Haldex pulled its support for the deal.

  • July 24, 2017

    Unprecedented Vacancies Create Awkwardness At FTC

    The Federal Trade Commission has been operating with three commissioner positions unfilled for nearly half a year, an unprecedented situation that hampers the agency's ability to seamlessly carry out its work of enforcing antitrust law and reviewing mergers.

  • July 24, 2017

    Simpson Thacher Leads KKR In $2.8B WebMD Buyout

    KKR, led by Simpson Thacher, inked a $2.8 billion deal for WebMD through a portfolio company, after the online platform for health information services began exploring its strategic options earlier this year, in one of the buyout firm’s two deals unveiled Monday.

  • July 24, 2017

    ARI Investors Sue Over Info Missing From $140M Sale

    A proposed class of shareholders for ARI Network Services Inc. launched a lawsuit in Wisconsin federal court, accusing the software tools and marketing services provider of leaving out key information in disclosures related to the company’s $140 million sale to private equity firm True Wind Capital Management LLC.

Expert Analysis

  • 5 Questions Firms Should Ask When Evaluating Litigation AFA

    Gregory Lantier

    Law firm management should understand the client’s reasons for requesting an alternative fee arrangement, and whether approving the fee will help grow the relationship with the client, say attorneys with WilmerHale.

  • For Law Firm Offices, Business Savvy Is The New Cool

    Craig Braham

    Having embraced the notion that the right space can reinforce the right firm culture, law firm leaders have been evaluating real estate primarily for its physical properties. However, It's hard to be collegial, even in the coolest of in-house coffee bars, if your cost structure is untenable, says Craig Braham of Advocate Commercial Real Estate Advisors LLC.

  • The Best Documents In Your Case May Be From 3rd Parties

    Wyatt Dowling

    Cases are built on evidence and evidence comes from discovery. But discovery is largely a voluntary process. Serving a document subpoena on a third party can be an efficient and creative way to fill in the gaps that may exist in the productions of opposing parties, says Wyatt Dowling of Yetter Coleman LLP.

  • What To Expect From Antitrust Under Trump

    Edwin S. Rockefeller

    President Donald Trump's nomination of Makan Delrahim to lead the U.S. Department of Justice's Antitrust Division provides little indication of what will become of antitrust. But there are other possible clues as to what may be ahead, says attorney Edwin S. Rockefeller.

  • Planning A Legal Career With A Future Relocation In Mind

    Jacqueline Bokser LeFebvre

    Lawyers move to New York City to work on some of the most sophisticated work the legal market has to offer. This exposure and experience is an amazing asset and many of the skills developed will make associates very marketable in the event they consider relocating to another market. However, this isn’t always the case, says Jacqueline Bokser LeFebvre of Major Lindsey & Africa.

  • 4 Female Perspectives On BigLaw Leadership

    Regina Pisa

    Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.

  • How Accounts Receivable Insurance Can Help Your Deal

    Jeff Anderson

    Due diligence is a critical part of the M&A process, and with so many risks to assess, accounts receivable often does not get the attention it deserves. Future accounts receivable performance is one area in which buyers have limited control, say Jeff Anderson and Kent Paisley of Allied World Insurance Co.

  • The ‘Failing Firm’ Defense: Pointers From A Blocked Deal

    Danyll Foix

    The recently blocked merger between EnergySolutions and Waste Control Specialists not only confirms that exclusive negotiation, or “no talk,” terms in transactions can thwart antitrust defenses like the “failing firm” defense, but also illustrates how parties may implement these terms without creating antitrust problems, says Danyll Foix of BakerHostetler.