Maine-based Wex will snap up employee benefits administrator Discovery Benefits for $425 million as the payments and technology company looks to bolster its offerings to customers, according to a Thursday statement.
Unsecured creditors of bankrupt cosmetics retailer Beauty Brands LLC called Thursday for rejection of the retailer's Delaware Chapter 11 sale plan, arguing for an open auction in lieu of a stalking horse sale led by a liquidation company.
Bristol-Myers Squibb made headlines this month with its mammoth takeover of Celgene, but the vast majority of dealmaking in the life sciences space this year will be smaller transactions aimed at acquiring promising drug therapies and technologies, according to Asher Rubin, global head of Hogan Lovells LLP’s life sciences industry group.
A former investor in Qihoo 360 Technology Co. told a New York federal judge on Thursday that the Chinese internet security company cheated shareholders who approved a $9.3 billion take-private deal in 2016, unaware that the company secretly planned to relist its shares in China the following year.
A shareholder in real estate trust InfraREIT filed a proposed class action in Texas federal court Thursday challenging the financial basis for a recommended $1.3 billion acquisition of the company by Oncor Electric Delivery Co. LLC, saying he and fellow investors are being misled.
A group of companies has reportedly been asked to submit second-round bids for the international business of Campbell Soup, Nasdaq is in talks to buy Norwegian exchange Oslo Bors, and Saudi Arabia's National Commercial Bank and Riyad Bank have hired financial advisers to help as they look to merge.
Delaware’s Supreme Court on Thursday vacated a Chancery Court order for a potential multibillion-dollar sale of William I. Koch’s Oxbow Carbon LLC, rejecting the lower court's finding that the forced sale was a justifiable fix for a gap in contract provisions for investors seeking to cash out.
Skadden Arps Slate Meagher & Flom LLP has steered some of the world’s largest companies through transformational deals, like 21st Century Fox’s $71.3 billion acquisition by the Walt Disney Co. and Cigna’s $67 billion acquisition of pharmacy benefit management services company Express Scripts, earning it a spot among Law360’s Mergers & Acquisitions Groups of the Year.
Pet medicine distributor PetIQ has urged a California federal court to toss an amended suit brought by two rivals seeking to block its purchase of a veterinary clinic chain, saying the antitrust suit lacks the flesh it was asked to add to the first version.
Ardian is planning to sell German toymaker Schleich, Siemens and Alstom are mulling bolstering their assets being sold as part of a bid to win European regulators’ approval of their €15 billion proposed rail merger, and Salesforce.com is discussing a deal to snap up ClickSoftware Technologies.
Big isn't necessarily bad, William Barr told lawmakers Tuesday in one of several areas where the attorney general nominee largely aligned with the existing views of the U.S. Department of Justice's Antitrust Division, absent a Time Warner-sized hole.
Skeptical Delaware Supreme Court justices homed in Wednesday on a lack of written contract terms to back up an environmental cleanup firm’s appeal claim that insurance bills of a sold-off affiliate should have been picked up by the buyer.
The Federal Communications Commission overstepped its bounds by placing conditions on Charter’s merger with Time Warner Cable and Bright House Networks that were unrelated to the transaction, a libertarian think tank has told the D.C. Circuit.
The founders of bankrupt cosmetics retailer Beauty Brands told a Delaware Bankruptcy Court judge Wednesday they presented the debtor with an offer to acquire 23 of its stores and continue operating them as a going concern, calling the bid superior to the stalking horse bid in a chain-wide liquidation plan.
Europe's highest court on Wednesday upheld a lower court order annulling the European Commission's decision to block United Parcel Service Inc.'s failed $6.8 billion merger with Dutch delivery service TNT Express NV.
Fried Frank Harris Shriver & Jacobson LLP has brought on two real estate investment trust lawyers from Hogan Lovells, appointing one as the new head of its REIT practice while the other joins the firm's tax practice in Washington, D.C.
France's official government spokesperson told reporters Wednesday that the European Commission would be making an economic and political misstep if it blocked Siemens AG and Alstom SA's high-speed railway tie-up.
Danish transportation and logistics company DSV A/S on Wednesday confirmed it made a nearly 4.04 billion Swiss franc ($4.08 billion) offer to buy Panalpina after the Swiss supply chain company earlier in the day disclosed the unsolicited offer.
Morrison & Foerster LLP has hired two former Davis Polk & Wardwell LLP attorneys in New York to bolster its executive compensation team — one with experience in federal tax and securities law and the other in transactional work.
Shearman & Sterling LLP has tackled deals around the globe for major clients, including Novartis, CVS Health Corp. and Unibail-Rodamco SE, and its comprehensive approach to mergers and acquisitions has set it apart from the competition and earned the firm a spot as one of Law360’s 2018 Mergers & Acquisitions Groups of the Year.
In this installment of their four-part series, attorneys at Skadden Arps Slate Meagher & Flom LLP offer insights to companies on executive compensation matters for 2019 — including pay ratio and hedging disclosures, say-on-pay votes and changes in pay practices due to the Tax Cuts and Jobs Act.
A recent Law360 guest article argued that the Virginia federal court's decision in Steves and Sons v. Jeld-Wen casts doubt on the value of pre-merger clearance. But the ruling raises a much more important issue — a private plaintiff had to do what the U.S. Department of Justice wouldn’t, says Jamie Miller of the Alioto Law Firm.
Each company faces important decisions in preparing for its 2019 annual meeting and reporting season. This four-part series by attorneys at Skadden Arps Slate Meagher & Flom LLP covers essential items on which companies should focus, including corporate governance, executive compensation and disclosure matters.
Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.
The Delaware Court of Chancery recently held that language in an agreement requiring minority stockholders to waive appraisal rights was enforceable. Though the case is already on appeal, practitioners should make sure agreements with drag-along rights include unambiguous waiver provisions whenever possible, say attorneys at Goodwin Procter LLP.
The Delaware Court of Chancery's recent Columbia Pipeline ruling highlights the risk that litigants may find their confidential materials, produced in discovery, attached to their opponents' filings for the purpose of unsealing the documents, say Arthur Bookout and Lilianna Townsend of Skadden Arps Slate Meagher & Flom LLP.
Nearly two-thirds of the respondents in my firm's annual mergers and acquisitions survey expect the M&A market to strengthen in the next 12 months — the most positive outlook in the survey's 14-year history, says Michael Fannon of Dykema Gossett PLLC.
Lawyer-directed nonrecourse litigation funding is more likely to protect a lawyer's exercise of independent professional judgment than traditional means of litigation finance, and furthermore enables worthwhile cases that otherwise could not be funded, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.
Contrary to what the New York City Bar Association concluded in an ethics opinion last year, lawyer-directed nonrecourse commercial litigation funding does not violate New York rules on sharing fees with nonlawyers, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.
When conducting M&A transactions in the life sciences industry, buyers should be prepared to respond accordingly if an acquisition is treated as a business combination under generally accepted accounting principles but as an asset acquisition by the U.S. Securities and Exchange Commission, says John Sullivan of FTI Consulting Inc.