Mergers & Acquisitions

  • February 15, 2018

    Chancery OKs TransPerfect Buyout By Shawe

    A Delaware Chancery judge on Thursday approved the $770 million sale of legal translation firm TransPerfect to Philip Shawe, rejecting his co-founder and bitter rival Elizabeth Elting’s opposition and ruling there was no indication the court-appointed custodian overseeing the process exercised poor judgment or wasn’t impartial.

  • February 15, 2018

    Davis Polk Advises Roche On $1.9B Flatiron Health Buy

    Davis Polk & Wardwell LLP is advising Hoffman-La Roche Ltd. in its proposed $1.9 billion acquisition of Flatiron Health Inc., a health care technology company focused on accelerating cancer research that’s being led in the deal by Wilson Sonsini Goodrich & Rosati PC, according to a statement Thursday.

  • February 15, 2018

    Swarmify Says CloudFlare Stole Stream Tech After Deal Talks

    Technology startup Swarmify asked a California federal judge on Thursday to block CloudFlare from offering a streaming content service and to order the takedown of two blog posts explaining how it works, saying CloudFlare created the technology with trade secrets stolen during the companies' now-stalled acquisition talks.

  • February 15, 2018

    SPACs Set For Another Strong Year, Fund Manager Says

    Coming off a record-breaking 2017, initial public offerings by special-purpose acquisition companies are poised for another robust year but may fall below last year’s torrid pace, a hedge fund founder told a gathering of business people and lawyers Thursday in New York.

  • February 15, 2018

    Bioverativ Shareholders Sue To Block $11.6B Sale To Sanofi

    Shareholders of Bioverativ Inc. slapped the biopharmaceutical company and its board of directors with a proposed securities class action in Massachusetts federal court on Thursday, accusing them of withholding crucial information needed to make an informed decision on a proposed $11.6 billion sale to Sanofi.

  • February 15, 2018

    Torys, Blake Guide Choice Properties, CREIT In $4.8B Deal

    Choice Properties and Canadian Real Estate Investment Trust on Thursday said that they will form the largest REIT in Canada, in a deal with an enterprise value of about CA$6 billion ($4.8 billion) guided by Torys LLP and Blake Cassels & Graydon LLP.

  • February 15, 2018

    Wyndham Sells Euro Vacation-Rental Biz For $1.3B

    Wyndham Worldwide Corp. has reached a deal to sell its European vacation rental business to U.S. private equity shop Platinum Equity for about $1.3 billion as the hospitality giant looks to focus on its core operations, the companies said Thursday.

  • February 15, 2018

    Aruba Share Payout Cut 30% In $2.8B HP Tie-up Appraisal

    Hedge fund investors lost big Thursday in a Delaware Chancery Court appraisal lawsuit that challenged the $2.8 billion price Hewlett-Packard Co. paid for Aruba Networks Inc. in 2015, when a judge pegged the fair value 30 percent lower than the acquisition payout.

  • February 15, 2018

    Miami Partner Rejoins Shutts & Bowen From Holland & Knight

    A real estate and financial services-focused attorney returned to Shutts & Bowen LLP’s Miami office as a corporate partner last week after a nearly four-year stint at Holland & Knight LLP, becoming the second attorney to rejoin in the past two weeks, the firm said.

  • February 15, 2018

    LyondellBasell Pays $2.25B To Pick Up Plastic Supplier

    LyondellBasell, a multinational plastics, chemicals and refining company, has agreed to buy a supplier of plastic composites, compounds and powders for $2.25 billion, the company said Thursday.

  • February 15, 2018

    A Chat With Hogan Lovells HR Chief Allison Friend

    In this monthly series, legal recruiting experts at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Allison Friend, chief human resources officer for Hogan Lovells.

  • February 14, 2018

    Uthe’s RICO Harm Theory New To Appeal, 9th Circ. Says

    Uthe Technology Corp. urged the Ninth Circuit on Wednesday to revive its Racketeer Influenced and Corrupt Organizations Act suit, arguing the semiconductor company suffered a direct harm when it was defrauded into selling a “thriving” subsidiary and prompting the judges to complain Uthe was raising a new injury theory for the first time on appeal.

  • February 14, 2018

    Cascadian Investor Says $614M Deal Statement Omitted Info

    A shareholder of biopharmaceutical company Cascadian Therapeutics Inc. launched a class action on Tuesday in Delaware federal court alleging the company’s directors omitted material information from documents detailing a proposed $614 million merger deal with Seattle Genetics Inc.

  • February 14, 2018

    FTC Picks Prodded On Tech, Data Safety At Senate Hearing

    The four nominees seeking to fill posts on the Federal Trade Commission appeared in front of a Senate committee on Wednesday, answering questions from lawmakers about the power of big technology companies and consumer protection issues surrounding data breaches and privacy.

  • February 14, 2018

    ISN Investor Says Controllers Withheld Key Valuation Info

    A minority shareholder of ISN Software Inc. filed suit in Delaware Chancery Court on Wednesday, accusing the controllers of the company of withholding key information needed to adequately consider the fair valuation of its holdings and its rights to stock appraisal before a 2013 merger aimed at pushing out minority shareholders.

  • February 14, 2018

    Aerogroup Gets Nod For New $23M Stalking Horse Bid

    A Delaware bankruptcy judge on Wednesday allowed a hedge fund to put in a $23 million floor bid at an auction for shoe retailer Aerogroup International Inc.’s assets, rejecting a challenge from a multiparty group that had previously been picked as the stalking horse bidder.

  • February 14, 2018

    Deals Rumor Mill: Healthineers, Blackstone, Takata

    Siemens is reportedly pocketing all the proceeds from the IPO of its Healthineers unit, several banks are in talks to aid a financing effort related to the Blackstone-Thomson Reuters deal and automakers are helping Takata resolve its bankruptcy by giving millions to those hurt by its deadly air bag inflators.

  • February 14, 2018

    Freshfields Snags DOJ Litigation Head For Antitrust Group

    Freshfields Bruckhaus Deringer LLP has acquired the former director of litigation in the U.S. Department of Justice’s Antitrust Division, who will join the firm’s antitrust practice in Washington, D.C., according to an announcement released Wednesday.

  • February 14, 2018

    PE-Backed Blank Check Co. Leo Holdings Prices $200M IPO

    Leo Holdings Corp., a U.K. blank check company affiliated with private equity firm Lion Capital LLP, raised $200 million Tuesday in a downsized initial public offering that is intended to help fund the acquisition of a consumer retail company.

  • February 14, 2018

    Seyfarth Shaw, Bryan Cave Steer Cars.com's $165M Purchase

    Cars.com has agreed to acquire two digital solutions companies that will broaden the services offered to its more than 20,000 dealer clients across the nation, in a $165 million deal guided by Seyfarth Shaw LLP and Bryan Cave LLP, the company said Wednesday.

Expert Analysis

  • NJ’s Evolving Health Care Arena: Trends To Watch In 2018

    John Fanburg

    New Jersey is one of the most competitive and heavily regulated states in terms of health care, making it a good barometer for how the industry is evolving nationally. As physicians and medical groups deal with issues like flat reimbursement from insurance providers and the rapidly rising costs of operating a medical practice, the ways in which doctors deliver health care will continue to change in 2018, says John Fanburg of Brach Eichler LLC.

  • 6 E-Discovery Predictions For 2018

    Erich Potter

    Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.

  • 2017 Del. Cases That Reflected Transformation In M&A Law

    Gail Weinstein

    The Delaware judicial framework for reviewing boards' M&A decisions has transformed in the past few years with cases such as Corwin, MFW and Trulia. This transformation has had dramatic effects, as reflected in and amplified by decisions issued in 2017, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • 6 Roles To Embrace In An Evolving Legal Industry

    Rob MacAdam

    Smart law firms are increasingly positioning professionals to proactively guide them as the legal landscape reshapes itself, harnessing six emerging roles within their organizational charts to embrace new approaches, tools and systems, says Rob MacAdam of HighQ.

  • Opinion

    This Year, Let’s Invest In Lawyer Resiliency

    krishtel.photo.jpg

    Highly profitable companies have comprehensive corporate wellness programs that realize plateauing health care costs, greater employee engagement, and a demonstrable competitive advantage. The legal field needs a similar awakening, says Rudhir Krishtel, a former partner of Fish & Richardson and senior patent counsel at Apple.

  • 5 Legal Technology Predictions For 2018

    Jeff Ton

    While each new year is expected to bring fresh challenges to the legal industry, 2018 will be particularly disruptive to the status quo. Both law firms and organizations that cater to the legal community should prepare for developments like increasing pressure from international clients and data security risks caused by multigenerational gaps, says Jeff Ton of Bluelock LLC.

  • A Look At Recent Efforts To Contain Health Care Costs

    Andrew Bab

    At both the federal and state levels, government payors and other entities have developed initiatives to contain costs and promote accessibility to reasonably priced health care, while private payors are pursuing similar objectives through vertical integration, say attorneys with Debevoise & Plimpton LLP.

  • Litigation Finance Trends To Watch In 2018

    Jay Greenberg

    Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.

  • Dell Strongly Reinforces Importance Of Merger Price

    Edward Micheletti

    The Delaware Supreme Court’s recent appraisal decision in Dell v. Magnetar Global provides the strongest support yet for the concept of deferring to the merger price as the best evidence of appraisal value, say attorneys with Skadden Arps Slate Meagher & Flom LLP.

  • The Enneagram And The Practice Of Law

    Jennifer Gibbs

    Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.