Mergers & Acquisitions

  • August 22, 2017

    New Rules Offer Clarity On China's Outbound M&A Crackdown

    China's government unveiled a new set of guidelines for outbound investments last week, adjusting an earlier crackdown on cross-border transactions in a way that spells trouble for real estate, hospitality and entertainment deals but opens the door for more activity in areas like technology and manufacturing.

  • August 22, 2017

    Milbank Snags Ex-Latham Capital Markets Pro

    Milbank Tweed Hadley & McCloy LLP said it has a recruited a capital markets veteran from Latham & Watkins LLP who is experienced in advising public and private securities offerings, corporate restructurings, mergers and acquisitions, and related business.

  • August 22, 2017

    TerraVia Leaves Plan Option Open In Sale Procedures Order

    Bankrupt algae-based food product developer TerraVia Holdings Inc. received court approval for its auction and sale plan Tuesday in Delaware, after agreeing to modify the company's bid procedures to allow for a potential plan option that allayed the concerns of bondholders.

  • August 22, 2017

    EU Watchdog Launches Probe Of $66B Bayer-Monsanto Deal

    The European Union’s antitrust regulator has opened an in-depth investigation of German drug and chemical maker Bayer’s proposed $66 billion buyout of U.S. agrochemical company Monsanto, warning Tuesday that the merger may reduce competition in industries that are already globally concentrated.

  • August 22, 2017

    Ambry Aiming To Moot Suit Challenging $1B Konica Merger

    Attorneys for Ambry Genetics Corp. said late Monday that the diagnostics testing provider will not oppose expedited action on a Chancery Court stockholder challenge to a $1 billion company merger with Konica Minolta Ltd., but will seek to moot the claims with supplemental deal disclosures.

  • August 22, 2017

    Gawker Sale Bars Deadspin Defamation Suit, Gizmodo Says

    A Univision Communications Inc. subsidiary that owns sports commentary website Deadspin.com and one of Deadspin's former freelance writers on Monday sought to end a defamation suit from a famous Las Vegas sports bettor as barred by the website's purchase agreement after the bankruptcy of its former parent, Gawker Media.

  • August 22, 2017

    Gibson Dunn Lands Media Deal Pro From Munger Tolles

    A deals attorney whose clients have included Hugh Hefner, MGM Resorts and DreamWorks Animation’s board of directors will join Gibson Dunn as a partner in its Los Angeles office after more than 20 years at Munger Tolles & Olson LLP, the firm announced Tuesday.

  • August 22, 2017

    Deals Rumor Mill: Gates Global, Vectren, Eletrobras

    A private equity-owned manufacturer of industrial machinery could be valued at $7 billion in an IPO, an Indiana-based energy provider worth almost $5.5 billion may be for sale, and a $3.8 billion stake in Brazilian state-controlled utility Eletrobras could be up for grabs.

  • August 22, 2017

    Brazil’s Antitrust Agency Questions AT&T-Time Warner Deal

    Brazil’s antitrust watchdog said on Tuesday it has determined that AT&T Inc.’s proposed $85.4 billion purchase of Time Warner Inc. has the potential to harm competition in the television programming and service markets.

  • August 22, 2017

    Rental Services Co. Returns To Public Market In $1.1B Deal

    Rental services company Williams Scotsman International Inc. will become a publicly-traded company again under a proposed sale to Double Eagle Acquisition Corp. worth $1.1 billion, DEAC announced Monday.

  • August 22, 2017

    Dorsey Adds Norton Rose Securities Atty To Dallas Office

    Dorsey & Whitney LLP has snagged an ex-Norton Rose Fulbright securities attorney as a partner for its newly opened Dallas office, one of two securities lawyers from Norton Rose to join the new office this month.

  • August 22, 2017

    Cairn Bolsters India Arbitration With $249M Tax Refund Claim

    Cairn Energy PLC has bolstered its ongoing arbitration against India with additional claims for $249 million in tax refunds for the year 2011 to 2012, according to an investor report released Tuesday, the latest development in a tax fight stemming from the reorganization of a Cairn unit.

  • August 22, 2017

    Trinity And Oaktree Form $3B Hotel Joint Venture

    Trinity Investments LLC and private equity shop Oaktree Capital Management LP have formed a joint venture that will invest as much as $3 billion in hotels in California and Hawaii as well as in Mexico and Japan, the companies said in a joint announcement on Monday.

  • August 22, 2017

    PE Firm Invests $170M In Latin American Casino, Hotel Co.

    Private equity firm Advent International Corp. on Tuesday announced its agreement to acquire a significant stake in Latin American hotel and casino operator Enjoy SA through a tender offer for shares along with a $170 million capital increase.

  • August 21, 2017

    Fund Wants Suit Over Yahoo’s Alibaba Investment Revived

    A pension fund on Friday appealed a California federal judge’s second dismissal of a shareholder derivative suit alleging that Yahoo Inc. failed to register as an investment company once its Alibaba Group Holding Ltd. stake outweighed its internet business, contending the court erred in viewing the fund as a private litigant.

  • August 21, 2017

    Food-Algae Firm Defends $20M Ch. 11 Stalking Horse Plan

    Bankrupt algae-based food developer TerraVia Holdings Inc. on Monday defended its plan for a $20 million minimum Chapter 11 stalking horse sale in Delaware, cautioning that some changes sought by senior subordinated noteholders could drive away the company’s sole current bidder.

  • August 21, 2017

    Why Midsize Firms Run The Gamut On Diversity

    Midsize firms on average are the least racially and ethnically diverse, but the level of diversity also varies widely among firms in this group, according to the latest Diversity Snapshot. Here’s a look at how a few of these firms are faring.

  • August 21, 2017

    Law Firms Head Back To School For Diversity Guidance

    A handful of law firms have agreed to put themselves under the lens of academia in an effort to root out structural inequalities and implicit bias. Here’s a look at what they’re finding.

  • August 21, 2017

    GCs Find New Urgency In Longtime Push For Diversity

    In-house attorneys are intensifying long-standing efforts to diversify their outside counsel, and they’re looking to create a critical mass of law department leaders that will bring about meaningful change.

  • August 21, 2017

    Air Berlin Asks For Legal Cover In US After Bankruptcy

    Air Berlin sought relief from a New York bankruptcy court on Friday to protect its business in the U.S. from creditors while the German airline winds its way through insolvency proceedings initiated last week in its home country. 

Expert Analysis

  • Getting The Most Out Of Your Reps & Warranties Insurance

    Joseph Rockers

    Companies seeking representations and warranties insurance policies should shop for coverage with the claims process in mind. Choosing a policy based on cost alone may be a false economy if the insurance carrier is inexperienced or lacks a track record of paying meritorious claims, says Joseph Rockers of Goodwin Procter LLP.

  • Diversity In The Legal Profession — A Stubborn Vision

    Robert Grey

    At the Leadership Council on Legal Diversity, we want to see, as founding member and Microsoft chief legal officer Brad Smith once stated, “a legal profession as diverse as the nation we serve.” We are not there yet — far from it — but we are beginning to put some numbers on the board, says Robert Grey, president of the Leadership Council on Legal Diversity.

  • Opinion

    New Salary History Laws Crimp Attorney Hiring Process

    Fredric Newman

    In prohibiting employers from asking potential hires about their previous salaries, lawmakers seek to "level the playing field." But there are real problems with the practicality, legality and enforceability of many of the salary history laws, says Fredric Newman, a founding partner of Hoguet Newman Regal & Kenney LLP.

  • Successful Integration In Transformational M&A Deals

    Rohith George

    Increasingly, the biggest M&A deals are transformational in nature and involve the acquisition of new technologies. However, this strategy comes with unique challenges, often involving separating interdependent systems and effectively reassembling and integrating disparate and new technologies into an existing environment, say Rohith George and Andy Stewart of Mayer Brown LLP.

  • Weakening The CDA Would Have Unintended Consequences

    Charles Harris

    Recent legislative efforts to amend the Communications Decency Act and remove Section 230 protection from websites that facilitate sex trafficking are commendable, but the vague language in the proposed legislation could open the door for the plaintiffs’ bar to file vexatious lawsuits against even law-abiding websites, says Charles Harris of Mayer Brown LLP.

  • Obama's Overlooked Antitrust Legacy

    Kelsey Shannon

    There is an Obama antitrust legacy of aggressive enforcement, particularly on mergers, but this legacy is mostly ignored. The antitrust bar should care about this oversight, says Kelsey Shannon of the Lynn Law Firm.

  • 5 Tips For A Successful Legal Blog

    David Coale

    David Coale, leader of the appellate practice at Lynn Pinker Cox & Hurst LLP, shares his insights into what works — and what does not — when setting up and maintaining a legal blog.

  • Series

    Judging A Book: Kopf Reviews Posner's 'Federal Judiciary'

    Judge Richard Kopf

    There is a wonderful sketch of Seventh Circuit Judge Richard Posner dressed in a black robe with arms outstretched as if they were the billowing wings of a lean vulture. He is kicking a human brain down a hallway and wearing a half-smile that looks for all the world like a sneer. That sketch is the perfect metaphor for both Judge Posner and his new book, "The Federal Judiciary: Strengths and Weaknesses," says U.S. District Judge Ri... (continued)

  • Why D&O Policies Should Cover Del. Appraisal Proceedings

    Peter Gillon

    Appraisal proceedings, unique to Delaware law, require acquiring corporations to pay shareholders if the price of a merger or acquisition deal is below fair market value. Fortunately directors and officers insurance might be able to cover affected companies' defense and other costs, say Peter Gillon and Benjamin Tievsky of Pillsbury Winthrop Shaw Pittman LLP.

  • A Changing Tide For Venture Financing Deal Terms

    David Sorin

    Most of the prevailing core legal terms in seed- and early-stage venture capital transactions have remained relatively stable throughout the current decade. As we survey the most recent transactions, however, we are seeing some evidence that investor conservatism and increased discipline are finding their way into deal terms, say David Sorin and Herbert Moore Jr. of McCarter & English LLP.