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Mergers & Acquisitions

  • December 7, 2018

    Deals Rumor Mill: Uber, ByteDance, WuXi

    Uber filed confidential paperwork to start moving toward an initial public offering, ByteDance is reportedly looking to raise roughly 10 billion Chinese yuan ($1.45 billion) and WuXi AppTec nabbed more than $1 billion in its Hong Kong initial public offering.

  • December 7, 2018

    Meet The Rigorous Judge Overseeing The CVS-Aetna Merger

    The D.C. federal judge pumping the brakes on the fast-moving merger of CVS Health Corp. and Aetna Inc. has a track record of aggressively scrutinizing government deals with big business, even if it means testing the boundaries of judicial power.

  • December 7, 2018

    8 Firms To Guide 5 IPOs Led by Tencent Music's $1.1B Deal

    Eight law firms will guide five initial public offerings that could potentially raise more than $1.5 billion combined during the week of Dec. 10, possibly the last wave of IPOs for the year, led by an estimated $1.1 billion offering from streaming giant Tencent Music Entertainment Group.

  • December 7, 2018

    Taxation With Representation: Kirkland, Cahill, DLA, Brown

    In this week’s Taxation With Representation, Altice Europe NV sells a stake in a fiber-optic connection business for $2 billion, ResMed lands Propeller Health for $225 million, and Nexstar Media Group inks a $6.4 billion deal for Tribune Media Co.

  • December 7, 2018

    5 Firms Steer Altria's $1.8B Buy Of Cannabis Co. Stake

    Tobacco giant and Philip Morris USA parent company Altria Group Inc. on Friday said it will buy a minority stake in Toronto-based cannabis firm Cronos Group in a $1.8 billion deal, with Wachtell Lipton Rosen & Katz, Goodmans LLP and Hunton Andrews Kurth LLP steering the buyer and Sullivan & Cromwell LLP and Blake Cassels & Graydon LLP guiding the seller.

  • December 7, 2018

    Health Hires: Hooper Lundy, King & Spalding, Williams Mullen

    Hooper Lundy & Bookman PC has gained a health care partner from Brown Rudnick LLP and lost another to King & Spalding LLP, Williams Mullen has hired three new health and life sciences attorneys, Nelson Mullins Riley & Scarborough LLP has added a biotech corporate and securities attorney, and Dorsey & Whitney LLP has brought on a new health adviser.

  • December 7, 2018

    Don't Miss It: Latham, Hogan Lovells Lead 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 Latham & Watkins and Hogan Lovells. Here, Law360 recaps the ones you might have missed.

  • December 7, 2018

    Data-Driven Lawyer: Morgan Lewis' J. Kyle Poe

    Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 7, 2018

    Del. Justices Uphold Fresenius' $4.3B Akorn Merger Drop

    Delaware's Supreme Court on Friday upheld a milestone Chancery Court finding that Fresenius Kabi AG had a right to terminate a $4.3 billion deal for generic-drug developer Akorn Inc., ruling less than two days after appeal arguments that Fresenius’ exit relied on defensible post-signing findings of material troubles at Akorn.

  • December 7, 2018

    Better Together Is The Energy M&A Theme Of 2018

    Consolidation hit the oil and gas sector full-bore this year with multbillion-dollar tie-ups between drillers and tax and regulatory-driven roll-ups of midstream companies, while the appetite for renewable energy assets continued to grow. Here are five M&A trends that stood out to energy attorneys in 2018.

  • December 6, 2018

    Tronox Awaits Chance To Sell FTC On Planned $2.4B Merger

    A Federal Trade Commission judge is set to decide early next week if Tronox Ltd. may ask the commissioners if its proposal to sell off a titanium dioxide plant in Ohio adequately assuages their fears about its planned merger with Saudi-owned chemical mining company Cristal.

  • December 6, 2018

    Solar Co., Investors Seek End To Suit After Chancery Prod

    Opponents in an investor-led merger challenge and stock appraisal suit involving two solar power technology companies reported a settlement agreement late Thursday, potentially heading off litigation that Delaware's chancellor recently warned could burn any possible benefits.

  • December 6, 2018

    Mission Coal Lenders Offer $145M Stalking Horse Bid

    Mission Coal Co. on Wednesday asked an Alabama bankruptcy court for permission to accept a $145 million stalking horse credit bid from its debtor-in-place lender for some of its coal mines.

  • December 6, 2018

    Saul Ewing Attorney Selected As Master In Del. Chancery

    Selena E. Molina, who has worked for the past year as an associate attorney in the litigation department of Saul Ewing Arnstein & Lehr LLP, has been appointed as a master in the Delaware Chancery Court.

  • December 6, 2018

    Deals Rumor Mill: BYD, Travelport, Amer Sports

    BYD Co Ltd. is reportedly planning on taking its battery unit public by 2022, Elliott Management and Siris Capital Group are close to a deal to snap up Travelport Worldwide, and a group vying to take over Finnish sporting goods company Amer Sports Oyj is close to a deal.

  • December 6, 2018

    FTC Fines NY Sports Owner For Failing To Report Stock Adds

    The Federal Trade Commission said Thursday that James L. Dolan, executive chairman of Madison Square Garden Co., the owner of the New York Knicks and Rangers franchises, has agreed to pay a $609,810 civil penalty for not reporting his acquisition of additional shares in the company.

  • December 6, 2018

    Proxy Firms Should Be Regulated, Senate Panel Hears

    A former U.S. Securities and Exchange Commission official and a business lobbyist on Thursday both told U.S. senators that proxy advisory firms should be scrutinized more closely given their influence over corporate elections, though a New York City assistant comptroller warned of overreach that could backfire against investors.

  • December 6, 2018

    DOJ's AT&T Appeal Needs Numbers, Not Theory: DC Circ.

    A D.C. Circuit panel appeared skeptical in oral arguments Thursday of the U.S. Department of Justice’s attempts to revive its challenge to AT&T’s Time Warner purchase, demanding numbers to back up economic theory and questioning whether a district judge’s factual findings crossed the line into clear, reversible error.

  • December 6, 2018

    Ex-Sears CEO's Fund Submits $4.6B Ch. 11 Purchase Bid

    The hedge fund run by Sears Holding Corp. chairman and former CEO Eddie Lampert has said it will make a $4.6 billion offer to buy the bankrupt retail giant that the fund says would preserve about 500 stores and 50,000 jobs across the country.

  • December 6, 2018

    REIT Blasts Investor's 'Meritless' Bid To Block Merger

    Select Income REIT challenged an investor’s “meritless” attempt to block its proposed merger with Government Properties REIT in New York federal court Wednesday, saying that the investor is merely following a recent trend of investor suits over company mergers and that he presents no real claim.

Expert Analysis

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • What We Heard At The FTC Hearings: Day 8

    Barry Reingold

    The fifth hearing in the Federal Trade Commission’s series on competition in the 21st century addressed vertical mergers and the consumer welfare standard. Barry Reingold of Perkins Coie LLP offers some key takeaways.

  • Shaping Health Care In America Through M&A And Innovation

    Mark Goran

    Research conducted by our firm explores two different kinds of health care transactions, shedding light on why they are occurring and areas where we expect to see future deals proliferate, say Mark Goran and Michael Dolan of Polsinelli PC.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Beware FCPA Risks When Courting Foreign Investment

    Brandt Leibe

    As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.

  • Tips For Drafting M&A Agreements After Akorn

    Gail Weinstein

    The Delaware Chancery Court's recent decision in Akorn v. Fresenius has been widely reported because the court, for the first time, found that a target company had suffered a “material adverse effect.” But the 246-page opinion is also a primer on how the court may interpret numerous standard provisions in merger agreements and in corporate contracts generally, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • Learning From A Failed Merger: The Sinclair-Tribune Pitfalls

    Richie Falek

    ​In light of ​r​​egulatory success in recent major media mergers, the termination of Sinclair​ Broadcast​’s attempted acquisition of Tribune Media came as a shock to many.​ Attorneys with Winston & Strawn LLP explain what went wrong and discuss how to avoid having a deal suffer a similar fate.

  • Protecting Law Firm Talent At Both Ends

    Susan Blakely

    By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.