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Mergers & Acquisitions

  • December 13, 2018

    Skadden Steers Ball Corp.'s $225M China Packaging Sale

    U.S. consumer goods packaging giant Ball Corp. on Thursday said it will sell beverage packaging facilities in China to Chinese packaging manufacturer ORG Technology Co. Ltd. in a $225 million deal, with Skadden Arps Slate Meagher & Flom LLP guiding the buyer.

  • December 13, 2018

    Winston & Strawn Taps Ex-Akin PE, Project Finance Pro

    Winston & Strawn LLP has added a prominent private equity, transactional and project finance law partner to its Washington, D.C., office from Akin Gump Strauss Hauer & Feld LLP.

  • December 13, 2018

    Tenaris, Execs Sued By Investors Over Bribery Scandal

    An investor hit steel pipe manufacturer Tenaris SA and its billionaire CEO with a proposed class action Wednesday in New York federal court following the Argentinian CEO’s indictment on bribery charges, saying the company falsely told the U.S. Securities and Exchange Commission that it upheld certain ethical commitments.

  • December 12, 2018

    DOJ Enforcer Denies Politics Played Into AT&T, Warner Case

    The U.S. Justice Department's top antitrust enforcer on Wednesday deflected lawmakers' concerns that White House pressure led to the DOJ's challenge to the tie-up of AT&T and Time Warner, insisting that political influence plays “absolutely” no role in the agency's reviews of megamergers.

  • December 12, 2018

    ARRIS Stockholder Seeks To Halt $7.4B CommScope Buy

    ARRIS International PLC has been hit with a proposed class action by an investor seeking to stop the technology company from being acquired by telecom CommScope in a proposed $7.4 billion private equity-backed deal, with the stockholder claiming not enough information has been provided about the transaction.

  • December 12, 2018

    Synergy Pharma Files Ch. 11, Bausch Health Offers $200M Bid

    Biopharmaceutical company Synergy Pharmaceuticals Inc. filed for Chapter 11 in New York bankruptcy court on Wednesday, with plans to shrug off its $130 million debt load by selling itself to Bausch Health Companies Inc. for an opening bid of roughly $200 million.

  • December 12, 2018

    FCC OKs Media Ownership Review, Marketplace Assessment

    The Federal Communications Commission on Wednesday kicked off its periodic review of its local media ownership rules and released a first-of-its-kind report that outlines the state of the whole media industry, but the agency’s Republican majority took flak for allegedly still not capturing the whole picture.

  • December 12, 2018

    Sainsbury's Seeks Delay In UK Probe Of Walmart Unit Deal

    British grocery giant Sainsbury’s asked a judicial panel Wednesday to extend a key deadline in the U.K. competition watchdog’s probe of its planned merger with a Walmart subsidiary, saying there was too little time to comply with all the document requests involved.

  • December 12, 2018

    Greenberg-Led Blank Check Co. Schultze Snags $150M In IPO

    Schultze Special Purpose Acquisition Corp. began trading on the Nasdaq Wednesday after taking in $150 million through an initial public offering guided by Greenberg Traurig LLP.

  • December 12, 2018

    Investor Seeks Halt Of $1.9B Apptio-Vista Deal For More Info

    An Apptio Inc. shareholder filed a proposed class action in Delaware federal court on Tuesday seeking to halt the information technology company’s proposed $1.9 billion merger with Vista Equity Partners, claiming not enough information has been provided for investors to make an informed vote on the transaction.

  • December 12, 2018

    Nixon Peabody Snags Corporate Pro For San Francisco Office

    Nixon Peabody LLP has announced that it boosted its corporate practice in Northern California with a former Perkins Coie LLP attorney with experience in emerging growth companies, venture capital and mergers and acquisitions in the technology industry.

  • December 12, 2018

    Deals Rumor Mill: Uber, Warburg Pincus, Luckin Coffee

    Morgan Stanley will lead the IPO of Uber, which could value the ride-hailing giant at up to $120 billion, Warburg Pincus is launching a $1 billion joint venture that will invest in Chinese real estate, and China's Luckin Coffee has received a $200 million capital injection from private investors.

  • December 12, 2018

    Activist Elliott Slams 'Lack Of Outside' Voices At Pernod

    Activist hedge fund Elliott Management Corp. revealed its latest campaign Wednesday, calling on French wine and spirits maker Pernod Ricard SA to remedy the family-backed company’s poor performance by addressing corporate governance issues and its “lack of outside perspective.”

  • December 12, 2018

    4 Firms Advise As PE Firm Pays $183M For Defense Tech Co.

    Private equity firm Cerberus Capital Management LP has agreed to buy defense technology company Sparton Corp. for about $183 million, the companies said Wednesday, a deal shepherded by Lowenstein Sandler LLP, Kirkland & Ellis LLP, Blank Rome LLP and Mayer Brown LLP.

  • December 12, 2018

    Allen & Overy, Linklaters Lead €770M Sale Of Universities

    Laureate Education Inc., a network of higher education institutes, has agreed to sell its institutions in Spain and Portugal to an affiliate of European private equity firm Permira for €770 million ($875 million), the companies said Wednesday, in a deal guided by Allen & Overy LLP and Linklaters LLP.

  • December 11, 2018

    Xura Breach Claims Advance In $643M Chancery Merger Suit

    An aggrieved investor of telecommunications technology company Xura Inc. cleared some early hurdles Tuesday in a Chancery Court suit challenging the company’s $643 million go-private sale to Siris Capital Group LLC, beating motions to dismiss claims that Xura’s former CEO had regular undisclosed contacts with the buyer.

  • December 11, 2018

    Deals Rumor Mill: Cisco Systems, Plaid, Nvidia Corp.

    Cisco Systems Inc. is discussing a deal to buy Luxtera, Plaid was valued at $2.65 billion in a Mary Meeker-led funding round, and SoftBank wants to shed its stake in California-based Nvidia Corp.

  • December 11, 2018

    Consortium Makes Offer For Radisson Valued At $768M

    A consortium led by Chinese state-owned tourism and hospitality company Jin Jiang International Holdings Co. Ltd. has made an offer for Radisson Hospitality AB that values the company at approximately 7 billion Swedish kronor ($767.8 million), the hotelier said Tuesday.

  • December 11, 2018

    EU Probing Vodafone's €18B Deal For Liberty Global Units

    Europe’s competition enforcer said Tuesday that it has opened an in-depth investigation into Vodafone’s planned €18.4 billion ($21.9 billion) purchase of several European businesses from Liberty Global over concerns about the deal’s impact in Germany and the Czech Republic.

  • December 11, 2018

    PE-Backed Blank Check Co. Files $375M IPO Guided By Weil

    Gores Metropoulos Inc., a blank check company formed by private equity firm The Gores Group, filed its $375 million initial public offering Tuesday that was guided by Weil Gotshal & Manges LLP and saw Ropes & Gray LLP advising the underwriters.

Expert Analysis

  • 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.

  • Q&A

    Wendy Olson Talks Twin Falls, Tribes, Private Practice

    Wendy Olson

    Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.

  • Door Maker Case Tests Meaning Of DOJ Merger Review

    Derek Dahlgren

    A Virginia federal court's recent ruling in Steves and Sons v. Jeld-Wen opens the possibility that a U.S. court would permit divestiture as a remedy in private litigation for a merger already closed years before, says Derek Dahlgren of Rothwell Figg Ernst & Manbeck PC.

  • CFIUS' Pilot Program: Takeaways For State-Owned Investors

    Nancy Fischer

    The Committee on Foreign Investment in the U.S. has announced a pilot program requiring filings when entities linked to foreign governments acquire substantial interests in certain U.S. businesses. State-owned entities will need to report more transactions, but the process will be streamlined in many cases, say Nancy Fischer and Matthew Rabinowitz of Pillsbury Winthrop Shaw Pittman LLP.

  • Series

    Judging A Book: Brown Reviews 'Dangerous Leaders'

    Judge Nannette Jolivette Brown

    Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.

  • What We Heard At The FTC Hearings: Days 3, 4 And 5

    David Chiappetta

    Last week, the Federal Trade Commission held the third hearing in its series on competition in the 21st century, which covered multisided platforms, labor issues, and acquisitions in nascent markets. Attorneys with Perkins Coie LLP offer some key takeaways.