Mergers & Acquisitions

  • December 11, 2017

    Private Equity Powered Energy M&A In 2017

    Energy dealmaking in 2017 saw private equity firms continue to shower the oil and gas industry with cash, while a pair of power sector megadeals highlighted the hazy future facing independent power producers. Here are five mergers and acquisitions trends that stood out to energy attorneys this year.

  • December 8, 2017

    The Law Firms Of The 2017 MVPs

    Law360's MVP award goes to attorneys who have distinguished themselves from their peers in litigation, deals and other complex matters. Find the MVPs at your firm here.

  • December 8, 2017

    Law360 MVP Awards Go To Top Attorneys From 78 Firms

    The elite slate of attorneys chosen as Law360’s 2017 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • December 8, 2017

    Mellon Sues Altaba To Boost Share Rate For $1.4B In Notes

    BNY Mellon Trust sued Yahoo Inc. successor Altaba Inc. for a 15 percent rise in shares due under a $1.4 billion notes-to-shares conversion agreement in Delaware’s Chancery Court on Friday, saying Yahoo’s sale to Verizon Inc. in June triggered the increase.

  • December 8, 2017

    Chancery Tosses Suit Over Earnouts In $1.4B Lone Star Deal

    A Delaware Chancery judge ruled Friday that a lawsuit from pipe and brick company HBMA Holdings LLC over earnout payments from its $1.4 billion sale to Lone Star Funds belongs in arbitration, but it was too late for the seller to press claims in court if that process fails.

  • December 8, 2017

    Energy Co. Derides Potential Investor Class Rep As Ignorant

    Oil and gas producer Vanguard Natural Resources LLC and affiliates told a Delaware federal judge on Thursday that the proposed representative for a class of investors in a merger fraud suit is too uninformed about the suit he supposedly brought to spearhead the case.

  • December 8, 2017

    House OKs Bill Loosening Small Firm M&A Disclosure Rules

    The House of Representatives approved a bill increasing the threshold at which small brokers must register with the Securities and Exchange Commission on Thursday, a move that backers said would reduce overly burdensome regulations.

  • December 8, 2017

    Boston Herald Files For Ch. 11 With Planned Sale In Place

    The Boston Herald filed for Chapter 11 on Friday, with its publisher announcing plans to sell the tabloid to newspaper chain GateHouse Media LLC.

  • December 8, 2017

    Vitamin World Cleared For Ch. 11 Auction With $28M Floor

    A Delaware bankruptcy judge gave Vitamin World Inc.’s auction the nod Friday after a last-minute change that brought in a new stalking horse bidder and upped the floor price to $28 million, staving off previous fears the chain would have to liquidate all of its roughly 300 locations.

  • December 8, 2017

    Biotech Denali Therapeutics Tops 3 IPOs Totaling $506M

    Shares of Denali Therapeutics Inc. soared Friday after the company raised $250 million in an upsized initial public offering that amounted to the largest biotechnology IPO of 2017, leading one of three newly public companies that raised $506 million combined.

  • December 8, 2017

    Gilead Snaps Up PE-Backed Biotech In $567M Deal

    Biopharmaceutical firm Gilead Sciences Inc. said Thursday it will acquire private equity-backed biotechnology company Cell Design Labs Inc. for $567 million in a deal that will see Gilead build up its cell therapy capabilities even more.

  • December 8, 2017

    DOJ, AT&T Get March Trial Date For $85B Merger Fight

    U.S. District Judge Richard J. Leon on Thursday set a March 19 bench trial in the government’s challenge of AT&T’s $85.4 billion deal to purchase Time Warner Inc., rejecting AT&T's request for an earlier trial date.

  • December 8, 2017

    Deals Rumor Mill: Bayer, Toshiba, Alexion Pharmaceuticals

    The European Commission is wary of Bayer’s blockbuster buyout of Monsanto, Toshiba and Western Digital have come to terms on a settlement that will end their dispute over the planned 2 trillion yen sale of Toshiba Memory Corp., and Elliott Management is pushing for changes at Alexion Pharmaceuticals.

  • December 8, 2017

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news in the last two weeks, you may have missed several deals announced in recent days helmed by law firms including Sidley Austin LLP and Vinson & Elkins LLP.

  • December 8, 2017

    EU Antitrust Chief Cites Deep Worries About Lufthansa Deal

    The European Union’s chief antitrust enforcer on Friday cited “deep competition concerns” about Deutsche Lufthansa AG’s proposal to buy €210 million ($247 million) in assets from beleaguered rival Air Berlin PLC.

  • December 8, 2017

    Taxation With Representation: Shearman, Sullivan, Wachtell

    In this week’s Taxation With Representation, CVS bought Aetna for $69 billion, UnitedHealth Group Inc. subsidiary Optum acquired Davita for $4.9 billion, Prysmian snapped up General Cable for $3 billion, and Hartford sold its life insurance business for $2.05 billion.

  • December 7, 2017

    Nextera Seeks Hold On $275M For EFH Ch. 11 Sale Fee Appeal

    NextEra Energy Inc. urged a Delaware bankruptcy court to set aside $275 million of Energy Future Holdings Corp.'s cash late Wednesday during an appeal from a judge’s flip-flop on rights to an equal-size termination fee award in NextEra’s scuttled EFH purchase.

  • December 7, 2017

    Catholic-Dignity Merger To Forge Nonprofit Health Giant

    Catholic Health Initiatives and Dignity Health announced Thursday that they will merge to create the largest nonprofit health care system in the nation, operating facilities in 28 states.

  • December 7, 2017

    Irell Partner To Star As CEO Of Legendary Entertainment

    Irell & Manella LLP announced Wednesday that a transactions partner will become the CEO of one of the firm’s clients, movie studio Legendary Entertainment LLC, the California production company behind international blockbusters “The Dark Knight,” “Jurassic World” and “Man of Steel.”

  • December 7, 2017

    Deals Rumor Mill: Old Mutual, Fosun, Johnson & Johnson

    The U.K. wealth business of Old Mutual could be worth about £2.5 billion ($3.35 billion) in an IPO planned for 2018, Fosun is in talks concerning a flotation of its tourism business that could raise $500 million or more, and Johnson & Johnson is mulling a sale of anti-dandruff shampoo Nizoral.

Expert Analysis

  • Take Me To Your (Joint Venture) Leader

    Stephen Glover

    There are several different approaches to selecting the CEO and other senior executives of a joint venture. The challenge for venture parties and their advisers is to select an approach and adapt it to suit their particular circumstances, say Stephen Glover and Alisa Babitz of Gibson Dunn & Crutcher LLP.

  • 10 Tips For Effective Practice Before The 5th Circ.

    Justin Woodard

    The Fifth Circuit is among the busiest federal circuit courts in the country. What can you do to increase your chances of reaching oral argument? And if given the opportunity, how can you present a persuasive argument? Former Fifth Circuit clerk Justin Woodard, an associate at Jones Walker LLP, shares some advice.

  • Series

    Judging A Book: Saris Reviews 'Locking Up Our Own'

    Judge Patti Saris

    Having just completed a six-year term as chair of the U.S. Sentencing Commission, I read Yale Law School professor James Forman's new book, "Locking Up Our Own: Crime and Punishment in Black America," with particular interest, says Judge Patti Saris, chief judge for the U.S. District Court for the District of Massachusetts.

  • When Activists Are At The Gate: Lessons From Chancery

    Edward Micheletti

    Several recent Delaware Chancery Court opinions offer helpful insight about the impact that activist investor involvement has on board decision-making leading to a transaction, and how these board decisions will be reviewed by the courts in any subsequent litigation, say attorneys with Skadden Arps Slate Meagher & Flom LLP.

  • How To Utilize Social Media In Proxy Contests

    Steve Wolosky

    As shareholder activists fine-tune their communications strategies for the upcoming proxy season, many will view social media as an increasingly important means of getting their message out. Attorneys with Olshan Frome Wolosky LLP lay out some important considerations for investors evaluating whether and how to use social media in their upcoming campaigns.

  • Tips For Successful Post-Merger Integration

    Jeremy Swan

    Effective integration efforts start long before a deal is completed. In fact, integration should start at the target screening stage of the M&A process, says Jeremy Swan of CohnReznick LLP.

  • A Potential New Hurdle For Foreign Investments

    Kenneth Nunnenkamp

    With the United States Foreign Investment Review Act recently introduced in the Senate, foreign investors, U.S. sellers and other concerned parties may soon be required to consider both the national security implications and the U.S. domestic economic impact of their proposed transactions, say attorneys with Morgan Lewis & Bockius LLP.

  • Roundup

    Judging A Book

    Constance Baker Motley

    Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.

  • Don't Waste This Planning Cycle: Year-End Strategies

    Hugh A. Simons

    Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.

  • Key Takeaways From The ABA Antitrust Fall Forum

    Jon Jacobs

    At the American Bar Association's annual Antitrust Fall Forum last week, the theme was “predictability,” and we heard from all three branches of government — from keynote addresses by agency enforcers and legislators, to an entertaining panel with federal judges who presided over recent trials, say attorneys with Perkins Coie LLP.