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Mergers & Acquisitions

  • September 18, 2018

    Rural Advocates Tout Planned Sprint, T-Mobile 5G Rollout

    The planned $59 billion merger of Sprint and T-Mobile would likely accelerate economic growth in rural regions through the rollout of the telecoms' proposed 5G network, farm state advocates have told the Federal Communications Commission.

  • September 18, 2018

    Deals Rumor Mill: GSK, ADC Therapeutics, Haidilao

    GlaxoSmithKline’s health nutrition unit Horlicks has received bids from Coca-Cola, Nestle and Unilever, ADC Therapeutics is considering going public, and Haidilao nabbed almost $1 billion after the Chinese hot pot chain priced its Hong Kong initial public offering

  • September 18, 2018

    7 Firms Shepherd $7.1B Worth Of Deals For Enbridge

    Canadian multinational energy transportation giant Enbridge Inc. unveiled Tuesday multiple multibillion-dollar deals that total roughly $7.1 billion and are meant to simplify the company’s corporate structure, in transactions guided by McCarthy Tétrault LLP, Sullivan & Cromwell LLP, Vinson & Elkins LLP, Bracewell LLP, Morris Nichols Arsht & Tunnell LLP, Norton Rose Fulbright Canada and Gibson Dunn & Crutcher LLP.

  • September 18, 2018

    Investor Sues Energy Transfer Over Proposed $27B Merger

    An investor in Energy Transfer Partners LP filed a proposed class action in Texas federal court on Monday that aims to block a unitholder vote on the potential $27 billion acquisition of the gas and propane company by a subsidiary of its sister partnership.

  • September 18, 2018

    Baker McKenzie Reps Thor In €2.1B Deal For Fellow RV Maker

    Thor Industries Inc., led by Baker McKenzie, on Tuesday inked a €2.1 billion ($2.45 billion) takeover of family-owned Erwin Hymer Group SE, paving the way for the creation of the world’s largest recreational vehicle maker.

  • September 18, 2018

    Marsh & McLennan Snaps Up UK’s JLT In $6.4B Deal

    Marsh & McLennan Cos. on Tuesday said it has agreed to buy London-based insurer Jardine Lloyd Thompson in a deal with a $6.4 billion enterprise value steered by Slaughter and May, Wachtell Lipton Rosen & Katz and Clifford Chance LLP.

  • September 17, 2018

    How Lehman's Bankruptcy Put SIPC In The Spotlight

    When Lehman Brothers filed for bankruptcy 10 years ago, one of the first outfits called in was one that traditionally operated under obscurity. But the Securities Investor Protection Corp. made a name for itself in the historic Chapter 11 case, restoring more than $90 billion worth of assets to Lehman’s brokerage customers.

  • September 17, 2018

    DOJ Clears $67B Cigna-Express Scripts Deal

    The U.S. Department of Justice cleared Cigna Corp.'s planned $67 billion purchase of pharmacy benefits manager Express Scripts Inc. on Monday without any conditions, five months after requesting additional information from the companies about the deal.

  • September 17, 2018

    Mayer Brown, Sidley Guide $1.6B Gerber Insurance Deal

    Nestle SA has agreed to sell New York-based Gerber Life Insurance Co. to Western & Southern Financial Group for approximately $1.6 billion, the company said Monday, in a deal that was guided by Mayer Brown LLP and Sidley Austin LLP.

  • September 17, 2018

    Deals Rumor Mill: Uber, Bayer, QIA

    Uber is in talks to buy Careem Networks FZ, Bayer is wooing suitors for a stake in Currenta, and the Qatar Investment Authority is discussing a deal to invest in Chinese online lending powerhouse Lufax.

  • September 17, 2018

    Simpson Thacher Steers Blackstone's €948M Spain REIT Deal

    Simpson Thacher & Bartlett LLP represented The Blackstone Group LP in connection with its roughly €947.9 million ($1.1 billion) purchase of a majority stake in Spain-based Testa Residencial SOCIMI SA, which Testa announced on Monday.

  • September 17, 2018

    Wachtell Steers Chemical Co. Univar In $2B Nexeo Buy

    Univar Inc., led by Wachtell Lipton Rosen & Katz, said Monday it will snap up private equity-backed chemicals and plastics distributor Nexeo Solutions Inc. in a $2 billion — including debt — deal in the latest chemicals industry tie-up.

  • September 17, 2018

    Kirkland & Ellis Partner Hired As Exec For New 'Fox'

    Kirkland & Ellis LLP partner and former assistant attorney general Viet D. Dinh has been tapped as the next chief legal and policy officer of the new Fox company that will spin out of Twenty-First Century Fox Inc.’s pending $71.3 billion transaction with The Walt Disney Co.

  • September 17, 2018

    Investcorp Drops $300M On Multistate Warehouse Portfolio

    Investcorp on Monday said it paid roughly $300 million for its largest-ever acquisition of a U.S. warehouse portfolio that includes properties in Texas, Pennsylvania, Delaware and Illinois, the ninth deal of its kind for the investment manager in the past three years.

  • September 14, 2018

    2 Court Vets Emerge As Potential New Chancery Judges

    Delaware litigation boutique partner Joel E. Friedlander and court master Morgan Zurn have emerged as likely candidates for two new seats on the Chancery Court bench, but the job's demands and pay might have discouraged other prospects, according to several sources with knowledge of the process.

  • September 14, 2018

    Joy Global Wins Nod For $20M Investor Deal In Merger Row

    A Wisconsin federal judge on Friday granted preliminary approval to Joy Global Inc.’s $20 million deal with investors to end their class action alleging the company and its executives undervalued Joy Global when agreeing to a deal valued at $3.7 billion with Japanese mining giant Komatsu Ltd.

  • September 14, 2018

    Security Tech Co., Execs Can't Escape Investors' Suit

    A New Jersey federal judge on Friday refused to release a Florida law enforcement technology company and its former executives from a securities class action accusing it of inflating essentially worthless stock, ruling that investors could have plausibly relied on alleged misrepresentations to make their purchases.

  • September 14, 2018

    Car Dealer Loses RICO Suit Over Alleged Scam By Employees

    An Illinois federal judge on Friday canned a racketeering suit brought by an auto dealership owner accusing his former business associates of conspiring to run his business into the ground, saying his failure to prove they were part of an enterprise proved "fatal."

  • September 14, 2018

    Taxation With Representation: Latham, Wachtell, Simpson

    In this week’s Taxation with Representation, Renesas Electronics bought Integrated Device Technology Inc. for $6.7 billion, the Carlyle Group snapped up Sedgwick Claims Management Services for $6.7 billion, a consortium of buyers took over MPM Holdings, and Science Applications International Corp. acquired Engility Holdings for $2.5 billion.

  • September 14, 2018

    Pulling Up Stakes: King & Spalding, K&L Gates, Vinson

    In our latest roundup of deal-makers on the move, King & Spalding LLP adds a pair of corporate finance partners, K&L Gates LLP snags a private equity and corporate partner from Reed Smith LLP and Vinson & Elkins LLP picks up an international capital markets and leveraged financing specialist in London.

Expert Analysis

  • Resolving M&A Price Disputes: Experts Or Arbitrators?

    Daniel Boland

    A threshold question in post-closing purchase price adjustment disputes is whether the merger agreement’s dispute resolution process is an expert determination or an arbitration. The answer can have a meaningful impact, as seen in the Delaware Chancery Court's decision in Penton Business Media Holdings v. Informa, says Daniel Boland of Pepper Hamilton LLP.

  • Foreign Investments In German Cos. Face Increased Scrutiny

    Daniel Wiedmann

    Tighter rules for the Committee on Foreign Investment in the United States have been echoed in Germany, and further changes are on the way. Recent developments show that the German government does not shy away from blocking foreign investments, says Daniel Wiedmann of P+P Pöllath + Partners.

  • Compliance Concerns For Catholic Health Care Collaborations

    Sandra DiVarco

    Recent updates to the U.S. Council of Catholic Bishops' health care directives bring potential additional complexities to affiliations between Catholic and non-Catholic organizations, say Sandra DiVarco and Kerrin Slattery of McDermott Will & Emery LLP and the Rev. William Grogan of the Archdiocese of Chicago.

  • Q&A

    Back To School: Widener's Rod Smolla Talks Free Speech

    Rodney Smolla

    In this new series featuring law school luminaries, Widener University Delaware Law School dean Rodney Smolla discusses teaching philosophies, his interest in First Amendment law, and arguing before the U.S. Supreme Court in Virginia v. Black.

  • How Delaware Courts Are Approaching Appraisal Valuation

    Michael O'Bryan

    The Delaware Supreme Court has eschewed bright-line tests for determining the value of a company in an appraisal. Two recent Delaware Chancery Court decisions illustrate the ways that the courts are determining appraisal valuation in light of this guidance, say Michael O'Bryan and James Beha of Morrison & Foerster LLP.

  • New Pass-Through Deduction Will Pass Over Many Lawyers

    Evan Morgan

    A few weeks ago, the IRS proposed regulations related to the Tax Cuts and Jobs Act's 20 percent deduction on qualified business income for pass-through entities. The guidance offers long-awaited clarity, but is mostly bad news for many law firms, says Evan Morgan of Kaufman Rossin PA.

  • The REIT Take-Private Process: Trends And Considerations

    Spencer Johnson

    Current market conditions have set the stage for a wave of real estate investment trust public-to-private transactions. While there is no one-size-fits-all process, attorneys with King & Spalding LLP look at some common ways these deals are being initiated and negotiated today.

  • How Reckless Judicial Impeachments Threaten Rule Of Law

    Jan van Zyl Smit

    Judicial impeachment fever seems to be spreading through the states, with West Virginia legislators recently voting to remove their state's entire Supreme Court, and lawmakers in Pennsylvania and North Carolina threatening the same. These actions are a serious threat to judicial independence, says Jan van Zyl Smit of the Bingham Centre for the Rule of Law.

  • Series

    Judging A Book: Fogel Reviews 'Good Judgment'

    Judge Jeremy Fogel

    In this time of partisan conflict over judicial selection, a new book by Canadian jurist Robert J. Sharpe —​ "Good Judgment" — represents a refreshing, deeply thoughtful departure from binary arguments about how and why judges make decisions, says U.S. District Judge Jeremy Fogel, director of the Federal Judicial Center.

  • 10 Ways To Prevent E-Discovery Woes

    Debbie Reynolds

    E-discovery is not easy, but employing these 10 strategies may help minimize future headaches, say Debbie Reynolds and Daryl Gardner of EimerStahl Discovery Solutions LLC.