Mergers & Acquisitions

  • November 27, 2017

    A Closer Look At Meredith's $2.8B Deal For Time

    Meredith Corp.’s acquisition of Time Inc. marks the end of a roughly four-year, on-and-off courtship of the iconic magazine publisher, and the merger agreement showcases how persistence can pay off while also shining a light on the complex and sometimes controversial financing environment surrounding blockbuster deals.

  • November 27, 2017

    Deals Rumor Mill: Springer Nature, Ping An, Bezeq

    An educational publishing company could be valued at €5 billion ($5.95 billion) in its IPO, the flotation of a Chinese online health care and medical platform could raise as much as $1 billion, and at least four suitors are vying for a controlling stake in Bezeq Israel Telecom.

  • November 27, 2017

    Treasury, IRS Appeal Invalidation Of Anti-Inversion Rule

    The U.S. Department of the Treasury and the Internal Revenue Service announced on Monday that they are appealing a Texas federal court’s decision to invalidate the anti-inversion rule that sank a planned $160 billion merger between Pfizer Inc. and Irish counterpart Allergan PLC.

  • November 27, 2017

    Wilson Sonsini Guides Barracuda’s $1.6B Sale To PE Firm

    Barracuda Networks Inc. said Monday it will go private after an all-cash sale to private equity firm Thoma Bravo LLC valued at $1.6 billion, with Wilson Sonsini Goodrich & Rosati PC representing the cloud security and data protection company.

  • November 27, 2017

    Marlin Equity Inks $521M Deal To Take Bazaarvoice Private

    Global investment firm Marlin Equity Partners has agreed to take Texas-based product ratings platform provider Bazaarvoice Inc. private in a deal worth roughly $521 million, the companies said Monday.

  • November 27, 2017

    Kirkland Guides PE Firms In $300M Pearson Unit Buy

    London-based publisher Pearson PLC has sold its English-language training network, Wall Street English, for approximately $300 million to two private equity funds advised by Kirkland & Ellis, the company said Monday.

  • November 27, 2017

    Allianz Trims Solvency Ratio With Euler Hermes Buyout

    German insurer Allianz SE said Monday that it will spend nearly €2 billion ($2.4 billion) to buy out the remaining shareholders in trade credit insurer Euler Hermes, knocking 4 percent off Allianz’s Solvency II ratio.

  • November 27, 2017

    Statoil Pays $1.45B For Total Oil, Gas Assets In Norway

    Statoil said Monday it will take over Total SA’s interest in Norwegian oil and gas field assets for $1.45 billion, as the seller looks to make changes following the acquisition of an exploration and production company from A.P. Moller-Maersk Group.

  • November 26, 2017

    'Better Homes' Publisher Meredith Buys Time In $2.8B Deal

    The publisher of Better Homes & Gardens and other magazines has agreed to buy Time Inc. in a deal with a $2.8 billion enterprise value, the companies said Sunday evening, creating a U.S. media industry giant and bringing to an end a year of speculation concerning a sale of Time.

  • November 22, 2017

    Ropes & Gray Taps PE Leader As Chicago Office Head

    Ropes & Gray LLP has chosen Neill Jakobe, a co-leader of its private equity industry group, as the new managing partner for its Chicago office, the firm announced Tuesday.

  • November 22, 2017

    Breaking Down Waymo's Trade Secrets Trial With Uber

    Google's driverless car spinoff Waymo will face off in one week against Uber over its claims that the ride-hailing behemoth stole billion-dollar Waymo technology that could tilt the future of the nascent self-driving car industry when it acquired a former Waymo engineer's startup. Here, Law360 takes a look at the case in advance of the trial.

  • November 22, 2017

    SPACs Grabbing Bigger Share Of IPO Market

    Initial public offerings by special purpose acquisition companies are growing at their most robust clip since before the financial crisis, giving more visibility to a once remote corner of the IPO market.

  • November 22, 2017

    Inventure Foods Shareholders Misled In Utz Merger, Suit Says

    Shareholders of specialty food marketer Inventure Foods Inc. hit the Phoenix-based company with a proposed class action Wednesday in Arizona federal court, alleging company officials intentionally misled them in an effort to move along an announced $165 million acquisition by branded snack maker Utz Quality Foods LLC.

  • November 22, 2017

    FCC To Rethink Broadcast Ownership Cap Next Month

    The Federal Communication Commission on Tuesday announced a plan to review and possibly modify or eliminate regulations that keep in check the percentage of national broadcast audience a company’s television stations can reach, a move critics have ripped as paving the way for unhealthy media consolidation.

  • November 22, 2017

    Judges In Recent Merger Challenges Share Cautionary Tales

    Merger challenges place a good deal of weight on the shoulders of federal judges, but there are some things attorneys can keep in mind that help lighten the judiciary load. Here, Law360 looks at some advice recently given by a pair of D.C. district judges who have presided over some of the biggest merger cases of late, including best practices and things they said attorneys should avoid.

  • November 22, 2017

    Rockwell Turns Away Latest Emerson Electric Takeover Bid

    Rockwell Automation Inc. turned down the most recent acquisition attempt by Emerson Electric Co., saying Wednesday that it would be better served by pursuing its own strategy instead of agreeing to the proposed $28 billion tie-up.

  • November 22, 2017

    Deals Rumor Mill: Bank of Sharjah, Penta Investments, Actis

    Two United Arab Emirates financial institutions could merge to create a single entity boasting about 50.6 billion dirhams, CEFC and Penta Investments are partnering on a bid for Time Warner’s Central European Media Enterprises, and Standard Chartered is nearing a sale of its real estate principal finance business.

  • November 22, 2017

    American Securities Sells SeaStar Solutions In $875M Deal

    Dometic Group has agreed to pay $875 million to buy SeaStar Solutions from American Securities LLC, the companies said Wednesday, adding to the Swedish recreational vehicle company's portfolio a provider of vessel control, fuel systems and system integration to the marine industry.

  • November 22, 2017

    Deal Makers Ready To Shake Off 2017’s Cloud Of Uncertainty

    Companies and financial sponsors are expected to dive back into dealmaking in the coming year as they opt to stomach any lingering uncertainty from global regulatory and political challenges in order to take advantage of favorable economics and tap into growth.

  • November 21, 2017

    3 Key Issues In DOJ's AT&T-Time Warner Merger Complaint

    The U.S. Department of Justice upended conventional wisdom with its lawsuit Monday claiming that the vertical integration of AT&T Inc.'s DirecTV distribution network with Time Warner Inc.'s must-have content would lead to hundreds of millions of dollars worth of price increases and squelch innovative competition in digital video distribution.

Expert Analysis

  • Law Firms Must Transition To An Industry Sector Approach

    Heidi Gardner

    Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.

  • On Second Thought: EFH Court's Extraordinary Move

    Steven Wilamowsky

    The Delaware bankruptcy court’s recent decision in Energy Future Holdings, granting a motion to reconsider a decision it made over a year ago and denying a breakup fee it had previously approved, is at once troubling and instructive, say Steven Wilamowsky and Sara Ghadiri of Chapman and Cutler LLP.

  • Series

    Judging A Book: Kozinski Reviews 'The Judge'

    Judge Alex Kozinski

    In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.

  • Anti-Inversion Rule Down, But Not Out, With Texas Ruling

    Mary Monahan

    A Texas federal court recently struck down the temporary anti-inversion regulation charged with preventing the planned merger between Pfizer and Allergan as well as other cross-border transactions. The decision may have significant procedural implications, but there may be little practical import for this specific regulation, say attorneys with Eversheds Sutherland.

  • Financial Crisis Anniversary

    New Post-Recession Metrics For BigLaw Partner Success

    Peter Zeughauser

    After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.

  • Opinion

    Time To Lift Student Loan Counseling Restrictions

    Christopher Chapman

    While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.

  • Learning From DOJ’s Parker Hannifin Merger Challenge

    Jack Sidorov

    The U.S. Department of Justice's recent lawsuit challenging Parker Hannifin’s consummated acquisition of Clarcor serves as an important reminder that the agencies can — and in some limited instances will — challenge consummated transactions that were reported to them under the Hart-Scott-Rodino Act, says Jack Sidorov of Lowenstein Sandler LLP.

  • Why You Should Consider Hyperlinking Your Next Brief

    Christine Falcicchio

    The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.

  • Preparing For NYC's New Salary History Law

    Michael Albano

    Recent guidance from the New York City Commission on Human Rights clarifies several aspects of the city's new salary history law that takes effect this month, including its application in the context of corporate acquisitions, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Asian-Americans Facing Challenges In The Legal Industry

    Goodwin Liu

    Asian-Americans are the fastest-growing minority in the legal profession, but recent studies confirm their underrepresentation among partners, prosecutors, judges and law school administrators. We must take action, say Goodwin Liu, associate justice of the California Supreme Court, and Ajay Mehrotra of the American Bar Foundation.