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Mergers & Acquisitions

  • 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.

  • September 14, 2018

    Deals Rumor Mill: Thor Industries, Covea, Volkswagen

    Indiana-headquartered RV manufacturer Thor Industries could buy Erwin Hymer in a deal valuing the German peer at more than €2 billion, U.K. insurer Covea is still hoping to acquire French reinsurer Scor, and Volkswagen is preparing a potential IPO for its multibillion-dollar heavy-truck business.

  • September 14, 2018

    Takeda’s £46B Shire Buy Gets Nod From Chinese Regulator

    Japanese pharmaceutical giant Takeda announced Friday that Chinese regulators have given their “unconditional clearance” for a planned £46 billion ($60 billion) acquisition of Dublin's Shire, the rare disease-focused drugmaker.

  • September 14, 2018

    AT&T, Time Warner Deal Boosts Viewer Options: HBO Chief

    The AT&T-Time Warner merger will free HBO to spend more cash on producing risky, high-budget TV shows, the company’s CEO told an audience in Los Angeles on Friday. The efforts lend credence, he said, to courtroom arguments that the deal will pay off for consumers in the form of investments in content instead of stifling competition with the vertical integration.

  • September 14, 2018

    Investors Try To Put Cap Back On SodaStream-Pepsi Deal

    SodaStream International Ltd. shareholders filed a proposed class action Thursday in New York federal court aiming to block the company’s $3.2 billion merger with PepsiCo Inc., arguing the fizzy-water maker hasn’t disclosed its board’s potential conflicts of interest.

  • September 14, 2018

    Kirkland, Skadden Advise On Staples' $996M Essendant Buy

    Staples on Friday inked a $996 million acquisition of national distributor of workplace supplies Essendant Inc., usurping the latter's previously announced merger agreement with the office products unit of Genuine Parts Co., in a deal steered by Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP.

  • September 14, 2018

    3 Firms Assist As Silver Lake Injects $600M Into AMC

    Silver Lake Partners on Friday agreed to invest $600 million into AMC Entertainment Holdings Inc. as part of a move that significantly cuts the stake of AMC’s Chinese majority owner, in a deal guided by Weil Gotshal & Manges LLP, Simpson Thacher & Bartlett LLP and Skadden Arps Slate Meagher & Flom LLP.

  • September 14, 2018

    3 Takeaways From New Export Control Act

    The Export Control Reform Act — the less-buzzed-about law passed alongside an overhaul of the Committee on Foreign Investment in the United States — highlights the growing push by the U.S. government to curb foreign access to critical technological innovation. Here, Law360 outlines three major takeaways from the new law.

  • September 14, 2018

    Don't Miss It: MoFo, Kirkland 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 Morrison & Foerster and Kirkland & Ellis. Here, Law360 recaps the ones you might have missed.

  • September 13, 2018

    HIG, Bain Say Investor Chancery Claims Not Backed By Facts

    Attorneys representing Surgery Partners Inc. and private equity investors HIG Capital and Bain Capital Investors LLC told a Delaware Chancery Court judge Thursday that an investor suit provided no factual support for its claims that the parties acted unfairly in a complex $760 million acquisition of another surgery center, and it should be dismissed.

Expert Analysis

  • 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.

  • The Challenges Of Valuing Litigation-Driven Equities

    Alexander Berger

    Many eyes are on the Delaware Chancery Court to see whether it will compel Fresenius to close on a $4.5 billion acquisition of Akorn. The case, which completed post-trial briefing last week, presents an interesting question about the meaning of stock price as evidence in litigation, say Alexander Berger, an investment consultant, and J.B. Heaton, a lecturer at the University of Chicago Law School.

  • Opinion

    UK 'Unexplained Wealth Orders' Will Discourage Investors

    Simon Bushell

    The United Kingdom has taken the unusual step of introducing significant retrospective powers that could unravel acquisitions and transactions from decades ago. The government's intentions are laudable, but its new "unexplained wealth orders" cast doubts on the U.K.'s appetite for foreign investment and may hurt national interests, says Simon Bushell of Signature Litigation LLP.

  • 4 Key Components To New Firm Partnership Agreements

    Russell Shinsky

    A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.

  • Delaware Decision Clarifies MFW's Ab Initio Requirement

    Gail Weinstein

    The Delaware Chancery Court's ruling last month in Olenik v. Lodzinski is notable for providing a substantial discussion of the difference between “negotiations” and “preliminary discussions” for determining whether a merger meets MFW's “ab initio requirement” and qualifies for review under the deferential business judgment rule standard, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • Opinion

    Open The Federal Courthouses

    David Oscar Markus

    Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.

  • How Blockchain Could Rescue 10b-5 Damages

    George Oldfield

    The current indirect share ownership system is not adequate for the way markets work today and creates the potential for inaccurate damages claims in 10b-5 settlements. Blockchain technology may provide a solution, but many problems must be solved first, say members of The Brattle Group.

  • 2 Door Makers And The Gutting Of Pre-Merger Clearance

    Derek Dahlgren

    The Eastern District of Virginia is poised to render a decision in Steves & Sons v. Jeld-Wen that may run into the U.S. Supreme Court’s concerns regarding belated challenges to mergers, as well as potentially create uncertainty in the value of pre-merger clearance under the Hart-Scott-Rodino Act, say Derek Dahlgren and Spencer Johnson of Rothwell Figg Ernst & Manbeck PC.