International antitrust enforcers thwarted more than €130 billion ($158.8 billion) in deals worldwide last year, according to a report released Friday, as an international merger market has continued to heat up.
A licensing partner of bankrupt shoe and accessory retailer Aerogroup International Inc. objected Friday to the debtor’s proposed sale of its assets, arguing that it would breach their long-term licensing deal.
A wealth of health care and life sciences attorneys have been on the move lately, with new additions being welcomed at Ropes & Gray LLP, Brown Rudnick LLP, Mallinckrodt PLC, DLA Piper, Katten Muchin Rosenman LLP, Nelson Hardiman LLP, Holland & Knight LLP, Foley & Lardner LLP, Loeb & Loeb LLP and Dykema Cox Smith.
With so much mergers and acquisitions news in the last two weeks, you may have missed several deals announced in recent days helmed by law firms including Milbank Tweed Hadley & McCloy LLP and Wachtell Lipton Rosen & Katz. Here, Law360 recaps that ones you might have missed.
Broadcom Ltd. on Friday said it would welcome talks with Qualcomm Inc. after the California chipmaker rejected its $121 billion takeover offer, but the sides are still at odds over the deal’s chances for success with antitrust regulators and over the specifics of how a deal would come together.
Haynes and Boone LLP this week announced it had hired two former Andrews Kurth Kenyon LLP partners to join its office in Houston, bolstering its capital markets and securities practice as well as its energy litigation practice.
Gun maker Remington is looking for financing to let it file for bankruptcy, Ant Financial is looking to raise up to $5 billion and Cirsa Gaming has received acquisition interest from private equity firms and rival gaming companies alike.
A Virginia federal judge Friday shot down an Oregon-based door skins supplier’s bid to escape antitrust claims, saying there are factual disputes as to whether a 2012 merger enabled the company to engage in anti-competitive behavior to the detriment of a Texas doormaker.
American Express’ travel management unit said it will acquire peer company Hogg Robinson Group for up to 120 pence ($1.66) a share in a cash deal announced Friday, at the same time the UK-based Hogg Robinson has said it will sell its fintech arm to Visa for £141.75 million.
In this week’s Taxation With Representation, NuStar Holdings merged with a subsidiary to create a $7.9 billion partnership, Kroger made a $2.15 billion convenience store sale to EG Group, Enduring Resources bought WPX Energy’s San Juan Basin oil holdings for $700 million, and Tronc sold the Los Angeles Times and other newspapers to Nant Capital for $500 million.
A putative class of Kindred Healthcare Inc. shareholders launched a lawsuit in Delaware federal court Thursday over its $4.1 billion acquisition by Humana and two private equity firms, alleging that the company filed an incomplete proxy statement that does not allow them to assess the fairness of the deal.
European regulators could make it easier for banks to merge after several years of limited activity in the region by making sure capital requirements and other rules get applied consistently and forging ahead with the region's banking union, the president of the European Central Bank has said.
Attorneys for Regency Energy Partners LP argued anew in Delaware's Chancery Court on Thursday for dismissal of a challenge to its $11.2 billion merger with Energy Transfer Partners LP in 2015, arguing that opposing unitholders failed to show subjective bad faith drove the decision.
BlackRock wants to raise more than $10 billion to put toward equity investments, Bayer plans on selling off its global vegetable seeds business to ease EU concerns over its $63.5 billion bid for Monsanto, and Atlantia nabbed financing to up its bid to buy Spanish rival Abertis.
Qualcomm Inc. said Thursday its board of directors unanimously rejected a refreshed offer from Broadcom Ltd. for a takeover valued at around $121 billion, but offered to discuss the proposal with Broadcom to see if it is willing to raise its price.
Four House Democrats asked Attorney General Jeff Sessions on Thursday to hand over documents relating to the U.S. Department of Justice’s lawsuit over the planned merger between AT&T Inc. and Time Warner Inc. amid concerns the department is bending to political pressure from President Donald Trump.
The Third Circuit refused to stop the Federal Communications Commission’s order lifting broadcast media ownership rules from taking effect Wednesday amid a challenge from media groups, holding that the groups had not “satisfied the exacting standard” for a stay of the agency’s action.
Private equity firm Nordic Capital and financial company Sampo announced a proposed cash offer on Thursday to purchase the outstanding shares of Swedish bank Nordax Group for 6.66 billion Swedish kronor ($820 million), solidifying themselves as the bank's largest shareholders.
Four operating businesses and a blank check company priced initial public offerings that began trading Thursday after raising $959 million at various points in their price ranges, completing deals despite renewed market volatility.
Canadian oil sands producer MEG Energy Corp. said Thursday that it's agreed to sell its 50 percent stake in a pipeline system serving its operations, plus a storage terminal, to Canadian pension fund-backed Wolf Midstream Inc. in a deal worth CA$1.6 billion ($1.27 billion) in cash and other considerations.
This could be a watershed year for the telecommunications industry. Some developments in 2018 are so significant that they are likely to change the digital landscape, both in Europe and across the world, for years to come, say Francesco Liberatore and Matthew Buckwell of Squire Patton Boggs LLP.
What business of law topics piqued reader interest in 2017? Take a look back at the year's five most-read legal industry articles from Law360 guest authors.
Two years ago, Federal Rule of Civil Procedure 37(e) was amended to provide a clearer road map for courts analyzing whether to permit sanctions for the spoliation of evidence. Yet there is still no specific guidance for when a sanctions request relates to electronically stored and nonelectronically stored information, says Skadden associate Robin Shah.
The Essilor-Luxottica eyewear merger presents anti-competitive concerns that are similar to — if not exceeding — those alleged in AT&T-Time Warner. The transaction takes place in an industry where competitive problems already exist. This merger is a good case to challenge in court, says David Balto, a former policy director of the Federal Trade Commission Bureau of Competition.
Early indications that public company deal litigation would decrease in Delaware courts have proven to be accurate through 2017. Yet the Delaware Chancery Court has been busier than ever, say Jeffrey Wolters and Nathan Emeritz of Morris Nichols Arsht & Tunnell LLP.
For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.
Every seasoned litigator has his or her fair share of courtroom stories. Check out the strange experiences that captured reader interest in this popular 2017 series.
The question I ask about new technology is how can it improve the quality of my practice — and my life? This year, the iPhone X, the Apple Watch Series 3 and a .LAW domain have proven to be great investments, for professional and personal reasons, says attorney Paul Kiesel of Kiesel Law LLP.
“Business divorces” can be emotionally charged events that present challenging legal issues. Eliciting certain basic information at the outset is critical to counseling the client effectively. Without this threshold information, it is difficult to set out a clear or well-planned exit strategy, says Damian Albergo of Cole Schotz PC.
Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.