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Mergers & Acquisitions

  • October 15, 2018

    NYSE Again Seeks To Ease Rules On Blank Check Cos.

    The Securities and Exchange Commission said Friday it will invite public comment on a modified proposal by the New York Stock Exchange to ease certain listing standards for special purpose acquisition companies, which represent a fast-rising segment of capital markets.

  • October 15, 2018

    Ropes & Gray Helps Lead $1B Purchase Of Greencore Unit

    Ropes & Gray LLP guided private equity-backed Hearthside Food Solutions on its $1.075 billion purchase of Arthur Cox-represented Greencore Group’s American refrigerated sandwich and to-go meal business, the companies said Monday.

  • October 15, 2018

    Icahn Challenges Dell's VMware Stock Swap Plan

    Activist investor Carl Icahn vowed Monday to challenge Dell's plans to buy back a tracking stock tied to subsidiary VMware, contending the private equity-backed technology giant is selfishly encouraging shareholders to accept a too-low offer that will yield Dell's backers a roughly $11 billion "economic windfall."

  • October 15, 2018

    Investors Can't Undo $480K Costs In Archstone Buyout Row

    A Colorado federal judge declined Monday to reconsider almost $480,000 in costs awarded to defendants involved in a $22 billion leveraged buyout of the Archstone-Smith real estate investment trust, saying the investors who challenged the buyout should have raised certain arguments against the costs earlier.

  • October 15, 2018

    MoFo Adds Capital Markets Partner From Jones Day

    Morrison & Foerster LLP has added an attorney from Jones Day with more than 17 years of experience in capital markets and mergers and acquisitions as a partner in its New York office.

  • October 15, 2018

    Gigamon Seeks Toss Of Suit Over $1.6B Sale To Elliott

    Gigamon Inc. has asked a California federal court to toss a shareholder suit accusing directors of using an inaccurate financial forecast in its proxy statement for a $1.6 billion acquisition offer from hedge fund management firm Elliott Management Corp., with Gigamon saying the forecast it used reflected declines in 2017 revenue growth.

  • October 15, 2018

    Pulling Up Stakes: Dechert, Orrick, Munger Tolles

    In our latest roundup of deal makers on the move, Dechert LLP scores a capital markets and corporate finance pro, Orrick Herrington & Sutcliffe LLP adds two new private equity partners in London, and Munger Tolles & Olson LLP brings back a corporate attorney after his more than two years away from the firm.

  • October 12, 2018

    Will The Future Of The Supreme Court Bar Be Female?

    While women have made significant inroads into the elite world of U.S. Supreme Court advocacy, last term the number of women arguing at the court hit a decade low. Was it an off year? Or a sign of progress stalled? (This article is the first in a series examining the gender gap among high court advocates.)

  • October 12, 2018

    Supreme Court Women: A Vet & 1st-Timer Talk Gender Disparity

    In exclusive on-camera interviews with Law360, the most prolific female U.S. Supreme Court advocate of the past decade and a first-timer reflect on the status of women in a field still dominated by men. (This article is part of a series examining the gender gap among high court advocates.)

  • October 14, 2018

    3 Firms Steer $35B Harris-L3 Technologies Tie-Up

    Government contractors Harris Corp. and L3 Technologies Inc. on Sunday unveiled a roughly $35 billion merger of equals that stands to create the sixth-largest defense company in the U.S., in a deal guided by Sullivan & Cromwell LLP, Paul Weiss Rifkind Wharton & Garrison LLP and Simpson Thacher & Bartlett LLP.

  • October 12, 2018

    Norton Rose, Sidley Austin Guide $134M Underwriter Buy

    Cincinnati Financial Corp. said on Friday that it has agreed to buy German reinsurance company Munich Re Group's subsidiary MSP Underwriting Ltd. in a £102 million ($134 million) all-cash deal that was guided by Sidley Austin LLP and Norton Rose Fulbright.

  • October 12, 2018

    Broadcom Says EU OK'd $18.9B CA Inc. Deal

    Broadcom Inc.'s $18.9 billion buy of New York-based software company CA Inc. got the green light under the European Union's antitrust laws, clearing the way for the deal's closure by Nov. 5., Broadcom told the U.S. Securities and Exchange Commission on Friday.

  • October 12, 2018

    DOJ Says AT&T Can't Fix District Court's Errors

    The U.S. Department of Justice on Thursday continued its bid to revive its challenge of AT&T Inc.'s purchase of Time Warner Inc., telling a D.C. Circuit panel that the company can't fix the economic and logical errors made by the lower court judge.

  • October 12, 2018

    Don't Miss It: Gibson Dunn, Latham Guide 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 Gibson Dunn & Crutcher LLP and Latham & Watkins LLP. Here, Law360 recaps the ones you might have missed.

  • October 12, 2018

    Can The DOJ Speed Merger Reviews? It’s Tried Before

    Antitrust experts are cautiously optimistic when it comes to the U.S. Department of Justice Antitrust Division’s latest plan to speed merger reviews — with good reason.

  • October 12, 2018

    FisherBroyles Adds M&A, Tax Partner To Detroit Office

    FisherBroyles LLP said a mergers and acquisitions attorney joined the firm Friday as a partner and corporate and tax attorney in its Detroit office after more than five years at Kemp Klein.

  • October 12, 2018

    Synovus, Fla. Bank Owe Info On $2.9B Deal, Investor Says

    A shareholder for Florida Community Bank launched a proposed class action in Delaware federal court Thursday to try to put a pending $2.9 billion acquisition of the bank by financial services firm Synovus on hold, saying more information is needed before the deal can go through.

  • October 12, 2018

    11 Firms To Lead IPOs Raising $1.8B Amid Market Volatility

    Eleven firms are scheduled to guide nine initial public offerings projected to raise more than $1.8 billion during the week of Oct. 15, steering a lineup led by information technology and gambling companies that are going public under renewed market volatility.

  • October 12, 2018

    J&M Deal To Keep 85 Stores Open Moves Ahead In Del. Ch. 11

    A transaction that will keep 85 of the discount retail stores owned by bankrupt J&M Sales Inc. operating received a nod from a Delaware judge Friday, saying the offer from Pegasus Trucking LLC was the highest and best bid in an auction held earlier in the week.

  • October 12, 2018

    Health Hires: Insys, Ex-US Atty, Katten, Kasowitz, Dechert

    This week's health and life sciences laterals roundup features new attorneys at Insys Therapeutics Inc., Electrum Partners LLC, Kasowitz Benson Torres LLP, Dechert LLP, Katten Muchin Rosenman LLP, Sidley Austin LLP, Gunster, and Buchalter PC.

Expert Analysis

  • Knowledge Management: An Unsung Hero Of Legal Innovation

    Rob MacAdam

    As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.

  • Recent Trends In Shareholder Activism

    Warren de Wied

    Despite poor financial performance among activist funds, the number of public campaigns has increased sharply. Attorneys with Fried Frank Harris Shriver & Jacobson LLP explore the themes in this year's campaigns, the impact on M&A and board concentration, and how companies must respond.

  • Hurdles Ahead For California's Female Director Mandate

    Teresa Johnson

    Many believe that California's new law requiring a minimum number of female directors at public companies is necessary. But the law also faces a number of criticisms, and its implementation may well be delayed or even blocked by constitutional challenges, say attorneys with Arnold & Porter.

  • Akorn Could Alter 'Material Adverse Effect' Law In Delaware

    J.B. Heaton

    The Delaware Chancery Court's opinion this week in the Fresenius-Akorn merger dispute will likely be appealed. That appeal will determine whether this case is destined to change the understanding of material adverse effect, or whether the Chancery Court overreached on the law and the facts, says J.B. Heaton of the University of Chicago Law School.

  • Limiting The Scope Of Discovery Through Contract

    Brian Koosed

    Carefully drafted provisions in M&A and other transaction documents can be used to preemptively restrict some of the parties’ discovery rights in future litigation. There is strong reason to believe that courts will find such provisions to be enforceable, say attorneys with K&L Gates LLP.

  • Opinion

    Skip The New 'Civility Courses' And Think Like A Lawyer

    Alex Dimitrief

    As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.

  • The DOJ's Current White Collar Priorities

    Melissa Jampol

    In a speech last week, Deputy Assistant Attorney General Matthew Miner acknowledged numerous changes over the past year in the U.S. Department of Justice's approach to corporate white collar enforcement, and clearly set forth current prosecutorial initiatives, say attorneys with Epstein Becker & Green PC.

  • Antitrust Considerations For Government Contractors

    Peter Levitas

    Companies that engage in government contracting, particularly in the defense industry, face sector-specific antitrust compliance challenges. They must navigate carefully to manage risk in merger review, teaming agreements and personnel issues, say Peter Levitas and Francesca Pisano of Arnold & Porter.

  • Why Law Firms Should Monitor The Dark Web

    Anju Chopra

    Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.

  • Does Rule 45 Protect Nonparties From Undue Burden?

    Matthew Hamilton

    Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.