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Mergers & Acquisitions

  • August 10, 2018

    Sinclair Pumps Brakes On FCC Review After Merger Call-Off

    In the wake of its canceled merger with Tribune Media Co., Sinclair Broadcast Group Inc. is gearing up for a fight before an administrative law judge even while urging the Federal Communications Commission to drop the proceeding that would probe whether it misled the agency during the merger review.

  • August 10, 2018

    Don't Miss It: Bracewell And Kirkland Guide 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 Bracewell LLP and Kirkland & Ellis LLP. Here, Law360 recaps the ones you might have missed.

  • August 10, 2018

    Skadden Steers Amadeus’ $1.5B Deal For TravelClick

    Spanish hotel and travel technology services firm Amadeus IT Group SA on Friday said it will pay $1.52 billion to take over hospitality software company TravelClick Inc. from private equity shop Thoma Bravo LLC, with Skadden Arps Slate Meagher & Flom LLP guiding the buyer.

  • August 10, 2018

    Monster Beats $8.9M Fees Suit From Investment Bank

    A New York federal judge said Friday that Monster Worldwide Inc. does not owe Stone Key Partners LLC about $8.9 million in fees and costs for the boutique investment bank's role in evaluating strategic alternatives because the transactions that the job-search site ultimately completed were either too small or too late.

  • August 10, 2018

    Apollo-Backed Blank-Check Co. Prices Upsized $480M IPO

    An energy-focused blank-check company backed by funds affiliated with Apollo Global Management LLC on Thursday raised $480 million in an upsized initial public offering guided by Vinson & Elkins LLP.

  • August 10, 2018

    Aralez Sheds Assets For $250M As Bankruptcy Cases Begin

    Aralez Pharmaceuticals Inc. on Friday said it will sell $250 million worth of assets in separate deals with Canada’s Nuvo Pharmaceuticals Inc. and funds controlled by investment firm Deerfield Management as the company begins bankruptcy proceedings in the U.S. and Canada.

  • August 10, 2018

    Rising Star: Hogan Lovells' Christopher Moore

    Hogan Lovells’ Christopher Moore has steered clients through an uncertain regulatory landscape in the semiconductor industry and helped Walmart land a majority stake in an Indian e-commerce firm, earning him a spot as one of six attorneys under 40 selected as Law360’s mergers and acquisitions Rising Stars.

  • August 10, 2018

    Taxation With Representation: Kirkland, Cleary, Weil

    In this week’s Taxation With Representation, Amcor and Bemis merged in a $5.24 billion deal, Orix bought a $2.2 billion stake in Avolon Holdings, and KPS Capital Partners sold International Equipment Solutions to Stanley Black & Decker for $690 million.

  • August 10, 2018

    Sports Direct Buys House Of Fraser's UK Stores For £90M

    Sports Direct International PLC has reached a deal to buy all of House of Fraser's stores in the United Kingdom as well as the House of Fraser brand for £90 million ($115.1 million), according to an announcement from Sports Direct International on Friday.

  • August 9, 2018

    Sinclair Investor Sues Over Withdrawn $3.9B Tribune Deal

    A Sinclair Broadcast Group Inc. investor filed a putative securities fraud class action against the company Thursday in Maryland federal court, claiming it and its top brass mangled the review process of a planned $3.9 billion acquisition of Tribune Media Co. by knowingly misleading the public about its divestitures.

  • August 9, 2018

    'Sue Me': $1B Tribune Case Charts Where Sinclair Turned Ugly

    Sinclair Broadcast Group Inc. sabotaged the favorable odds of completing a highly profitable merger by picking fights with regulators, taunting the DOJ antitrust head to "sue me," and aggressively defending divestiture proposals that government officials were sure to reject, according to a new lawsuit. Here’s a look at the major mistakes Tribune alleges its would-be acquirer made leading up to the deal’s cutoff date Wednesday.

  • August 9, 2018

    Relativity Wins Approval Of Creditor Settlement, Final DIP

    Relativity Media LLC defeated a U.S. Trustee objection Thursday to secure bankruptcy court approval of a settlement with its creditor groups that paves the way for a sale of the company to its senior lenders, and was authorized to tap the remainder of a $4 million debtor-in-possession loan.

  • August 9, 2018

    Stroock Hires Executive Compensation Partner For NY Office

    Stroock & Stroock & Lavan LLP announced the hiring Wednesday of the second new partner in two months for its benefits practice group, picking up a Katten Muchin Rosenman LLP attorney with 17 years of legal experience and a specialization in executive compensation issues for its New York office.

  • August 9, 2018

    Aronberg Goldgehn Lands Ex-Latimer LeVay Corporate Atty

    A former Latimer LeVay Fyock LLC partner who served as an outside general counsel for a wide variety of companies and industries has moved to Aronberg Goldgehn Davis & Garmisa, the firm has announced.

  • August 9, 2018

    Rebate Climate, Amazon Doom Cigna's Rx Deal, Icahn Says

    Activist investor Carl Icahn on Thursday lobbed his latest attack against Cigna’s proposed $67 billion bid for Express Scripts, warning that burgeoning competitor Amazon and growing calls to end revenue-driving rebates could doom the “ridiculous” and “ill-conceived” deal.

  • August 9, 2018

    Ryckman Owner Must Honor $11M Trustee Buyout, Court Told

    A liquidating trustee for bankrupt natural gas storage venture Ryckman Creek Resources LLC told a Delaware bankruptcy judge Thursday that Ryckman’s new owner can’t revoke a call-in of $11 million in trustee-held shares, and rejected demands for a $9.5 million price cut.

  • August 9, 2018

    Deals Rumor Mill: Tronc, Turkish Airlines, SDI

    Donerail Group is reportedly discussing a deal to buy Tronc, Turkish Airlines is offering €750 million ($864 million) for a sizable stake in an Istanbul airport, and Scientific Drilling International is being shopped around with a value of more than $500 million.

  • August 9, 2018

    Icahn Can't Escape Depo In Wachtell Malpractice Suit

    A Manhattan federal judge said on Thursday that billionaire financier Carl Icahn can’t get out of being deposed in a long-running malpractice fight between CVR Energy Inc. and Wachtell Lipton Rosen & Katz, saying he wasn’t buying the notion that prior questioning was done in bad faith.

  • August 9, 2018

    Thompson & Knight Guides Ajax Resources’ $900M Asset Sale

    Private equity-backed oil and gas company Ajax Resources LLC has tapped Thompson & Knight LLP to assist with the sale of its northern Midland Basin assets to Diamondback Energy Inc. for $900 million in cash and 2.58 million shares of Diamondback common stock, the companies announced Thursday.

  • August 9, 2018

    Orsted Bolsters Wind Farm Biz With $580M Acquisition

    Offshore wind farm developer Orsted announced Thursday that it has agreed to buy a U.S.-based wind farm developer, owner and operator from private equity firm I Squared Capital for an enterprise value of $580 million.

Expert Analysis

  • AT&T Win May Help Partial Ownership Transactions

    Jon Dubrow

    While U.S. District Judge Richard Leon was careful to note that his opinion in the AT&T-Timer Warner merger trial was narrow, his evaluation of the evidence undercut the government's theoretical economic model in a way that may have broader applications, says John Dubrow of McDermott Will & Emery LLP.

  • Modern Communication Brings E-Discovery Challenges

    Thomas Bonk

    As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.

  • Opinion

    It's Not All About The Benjamins, Baby (Lawyer)

    J.B. Heaton

    Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.

  • Inside Kavanaugh's Merger Challenge Dissents

    Timothy Gray

    In the D.C. Circuit's Anthem and Whole Foods cases, U.S. Supreme Court nominee Judge Brett Kavanaugh disagreed with his colleagues’ decisions to block the contemplated mergers, suggesting an antitrust jurisprudence leery of excessive enforcement activity, say Timothy Gray and Melissa Ginsberg of Patterson Belknap Webb & Tyler LLP.

  • Series

    Judging A Book: Hood Reviews 'Lawyering From The Inside Out'

    Judge Denise Hood

    Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.

  • Digital Health Opportunities And Considerations For PE

    Excerpt from Lexis Practice Advisor
    Melesa Freerks

    As private equity investors continue to explore the new opportunities offered by digital health, certain industry characteristics have emerged, signaling the time is right for investment. But health technology has its own unique risks and is subject to significant regulations, making due diligence critical for potential investments, say attorneys with Foley & Lardner LLP.

  • Drafting M&A No-Poach Provisions Amid Regulatory Scrutiny

    Thomas Fina

    Agreements regarding soliciting and hiring employees of competitors have become an enforcement priority for U.S. antitrust authorities, so M&A parties should take a fresh look at how they approach the issue. A carefully tailored no-poach provision will help protect against regulatory inquiry, say attorneys with Baker Botts LLP.

  • 3 Top E-Discovery Case Law Lessons Of 2018 (So Far)

    Casey Sullivan

    The blockbuster e-discovery cases, with big sanctions and bigger controversies, have been few and far between this year. But that doesn’t mean the legal questions around e-discovery have been answered. Let’s take a closer look at three cases worthy of our attention, says Casey Sullivan, an attorney at discovery technology provider Logikcull.

  • Opinion

    Law Schools Must Take A Stand Against Mandatory Arbitration

    Isabel Finley

    Later this week, Harvard Law students will begin bidding on interview slots with the nation’s top law firms. Our institutions owe it to their students not only to require firms to disclose mandatory arbitration provisions in new associate contracts, but also to bar employers from on-campus recruiting if they require these provisions, says Isabel Finley, a third-year student at Harvard Law School and president of the Harvard Women’s Law Association.

  • Myths And Facts About Using TAR Across Borders

    John Tredennick

    Many legal teams involved in cross-border matters still hesitate to use technology assisted review, questioning its ability to handle non-English document collections. However, with the proper expertise, modern TAR can be used with any language, including challenging Asian languages, say John Tredennick and David Sannar of Catalyst Repository Systems.