Mergers & Acquisitions

  • February 9, 2018

    Antitrust Watchdogs Stymied $159B In Deals In 2017: Report

    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.

  • February 9, 2018

    Aerogroup Licensee Opposes Sale That Would End Its Rights

    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.

  • February 9, 2018

    Health Hires: Ropes, Brown Rudnick, Mallinckrodt, DLA Piper

    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.

  • February 9, 2018

    Don't Miss It: Hot Deals & Firms We Followed In Last 2 Weeks

    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.

  • February 9, 2018

    Broadcom Looks To Woo Qualcomm After Latest Rejection

    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.

  • February 9, 2018

    Haynes And Boone Hires 2 Andrews Kurth Attys In Houston

    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.

  • February 9, 2018

    Deals Rumor Mill: Remington, Ant Financial, Cirsa Gaming

    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.

  • February 9, 2018

    Door Skins Supplier Denied Quick Win In Antitrust Suit

    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.

  • February 9, 2018

    AmEx Unit To Buy Travel Co. After It Sells Fintech Arm To Visa

    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.

  • February 9, 2018

    Taxation With Representation: Wachtell, Weil, Latham

    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.

  • February 9, 2018

    Kindred Shareholders Sue Over $4.1B Deal's Missing Info

    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.

  • February 9, 2018

    Banking Union Reforms Could Boost M&A, ECB Head Says

    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.

  • February 8, 2018

    Regency Seeks Second Toss Of Remanded $11B Merger Suit

    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.

  • February 8, 2018

    Deals Rumor Mill: BlackRock, Bayer, Atlantia

    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.

  • February 8, 2018

    Qualcomm Rejects Latest Broadcom Offer, But Willing To Talk

    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.

  • February 8, 2018

    Dems Ask Sessions For Docs Over AT&T-Time Warner Suit

    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.

  • February 8, 2018

    3rd Circ. Won’t Put Media Ownership Deregulation On Hold

    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.

  • February 8, 2018

    PE Firm Bids $820M To Ramp Up Stake In Swedish Bank

    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.

  • February 8, 2018

    5 Cos. Price IPOs Totaling $959M Despite Market Turbulence

    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.

  • February 8, 2018

    MEG Energy Unloads Midstream Assets In $1.27B Deal

    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.

Expert Analysis

  • 10 EU Telecom Regulatory Developments To Watch In 2018

    Francesco Liberatore

    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.

  • Roundup

    5 Most-Read Legal Industry Articles Of 2017

    2017 Trends

    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.

  • Spoliation Scrutiny: Disparate Standards For Distinct Mediums

    Robin Shah

    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.

  • Opinion

    Use The Right Antitrust Lens And Stop Eyeglass Merger

    David Balto

    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.

  • Delaware Litigation 2017: Assessing Trends At Year-End

    Jeffrey Wolters

    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.

  • Hearing The Need For More Women’s Voices In The Courtroom

    Carrie Cohen

    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.

  • Roundup

    My Strangest Day In Court

    Logo

    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.

  • How 2 Devices And 1 Domain Changed My Practice In 2017

    Paul Kiesel

    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.

  • Corporate Divorce: Essential Case Intake Questions

    Damian Albergo

    “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.

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    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.