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Mergers & Acquisitions

  • September 12, 2018

    Australia Clears $9.3B Energy Deal After Concessions

    Australia’s competition watchdog on Wednesday approved a deal by a group of Hong Kong-listed investors to buy energy infrastructure asset operator APA Group for nearly AU$13 billion ($9.3 billion) after the buyers agreed to sell off a trove of Western Australia assets.

  • September 12, 2018

    Web.com Hit With Investor Suit Over $2B Siris Merger

    An investor filed a proposed class action against Web.com Group Inc. in Delaware federal court claiming the company failed to provide enough information for shareholders to vote on a roughly $2 billion merger deal proposed with private equity firm Siris Capital Group LLC.

  • September 12, 2018

    Cravath Guides Black & Decker's $234M Outdoor Biz Buy

    Stanley Black & Decker Inc. said Wednesday it has agreed to acquire a 20 percent stake in MTD Products Inc., a manufacturer of outdoor power equipment, in a $234 million cash deal that was guided by Cravath Swaine & Moore LLP and BakerHostetler.

  • September 12, 2018

    Wachtell, Simpson Thacher Pilot Carlyle's $6.7B Sedgwick Buy

    The Carlyle Group, with help from Wachtell Lipton Rosen & Katz, has agreed to buy Simpson Thacher & Bartlett LLP-advised Sedgwick Claims Management Services Inc., which provides technology-enabled insurance claim management services to consumers and businesses, in a deal valued at roughly $6.7 billion, the companies said Wednesday.

  • September 11, 2018

    How A 'Lost Generation' Of Associates Bounced Back

    Caught in a whirlwind of firm dissolutions and layoffs, thousands of associates were thrust into one of the worst job markets in history a decade ago. While some have rebounded, others are still feeling the lingering effects of the financial crisis on their careers.

  • September 11, 2018

    Nine West Offers To End Takeover Suit For $470M, Court Told

    An unsecured noteholders group in the Nine West Holdings Chapter 11 case told a New York bankruptcy court Monday that it has been told the company has offered to settle any estate claims against Sycamore Partners and KKR Capital Management for $470 million.

  • September 11, 2018

    Xura CEO Says Del. Fiduciary Breach Suit Lacks Evidence

    The former CEO of telecommunications technology firm Xura Inc. said Tuesday that a shareholder suit filed by Obsidian Management LLC in Delaware Chancery Court should be tossed because it fails to show that the executive was conflicted during negotiations for a sale of the company in 2016.

  • September 11, 2018

    Deals Rumor Mill: GIC, Deutsche-Commerzbank, Yum China

    Singapore’s sovereign wealth fund is reportedly eyeing General Electric’s plane-leasing business, Deutsche Bank and Commerzbank executives are growing on the idea of merging, and a group of investors is going to scrap a bid to take over Yum China Holdings.

  • September 11, 2018

    DLA Piper Adds Reliance Group's Ex-GC In Silicon Valley

    DLA Piper LLP has hired a former Reliance Group general counsel who advised the India-based conglomerate’s telecommunications and global internet subsidiaries on securities issues, mergers and acquisitions, and corporate governance, the firm announced recently.

  • September 11, 2018

    FCC Pauses Sprint, T-Mobile Deal Review Shot Clock

    The Federal Communications Commission on Tuesday paused the shot clock on its review of the planned $59 billion merger between Sprint and T-Mobile so it can assess additional information provided by the companies about their promised 5G network and other issues.

  • September 11, 2018

    Akorn FDA Report Added To Fresenius Trial Record

    A Delaware vice chancellor ruled Tuesday that an inspection report by federal regulators be included in the trial record in the battle over Fresenius Kabi AG's bid to walk away from the $4.3 billion purchase of generic-drug maker Akorn Inc. and flagged both sides for submitting post-trial briefs under seal.

  • September 11, 2018

    4 Firms Steer $6.7B Renesas, Semiconductor Tech Co. Deal

    Japan’s Renesas Electronics Corp. said Tuesday it will expand its presence in the automotive and industrial segments through a $6.7 billion deal for semiconductor technology firm Integrated Device Technology Inc., with Morrison & Foerster LLP, Covington & Burling LLP and Nagashima Ohno & Tsunematsu guiding the buyer and Latham & Watkins LLP steering the California-based seller.

  • September 11, 2018

    HBC Merges Europe Retail Ops With Germany’s Karstadt

    Canadian retailer Hudson’s Bay Co. on Tuesday said it has inked a deal to merge its European retail operations with Karstadt Warenhaus GmbH and to form a German real estate joint venture with the German department store chain’s owner Signa Retail Holdings.

  • September 11, 2018

    Dechert Adds Life Sciences-Focused PE Atty In London

    Dechert LLP has strengthened its corporate and private equity practice with another addition to its London ranks, on Monday bringing over a partner from Hogan Lovells with a particular focus on the life sciences and health care sectors.

  • September 11, 2018

    Argentine RE Co. Dodges Investor Suit Over Acquisition

    A New York federal judge has dismissed a putative class action against an Argentine real estate company and several of its executives, finding it did not mislead investors about the added responsibilities the company assumed in acquiring an interest in another firm.

  • September 11, 2018

    Finnish Sporting Goods Co. Fields Consortium's €4.6B Bid

    Finnish sporting goods company Amer Sports Corp on Tuesday said that it has received a bid from a consortium of China-based Anta Sports Products Ltd. and Asian private equity firm FountainVest Partners to acquire the company for approximately €4.6 billion ($5.4 billion).

  • September 10, 2018

    Akorn Says FDA Report Rehashes Data From Fresenius Trial

    In a letter to a Delaware vice chancellor made public Monday, Akorn Inc. said that a recent inspection of the drugmaker’s New Jersey facility by federal regulators identified areas of concern that had already been raised in its suit against the company that walked away from a $4.3 billion acquisition over alleged data security breaches, and that if anything the report indicates that Akorn is addressing those issues.

  • September 10, 2018

    Can BigLaw Avoid Another Associate Purge?

    The legal industry has shown some caution in rebuilding its pool of associates after the dramatic layoffs of thousands during the last recession. But have firms done enough to survive the next?

  • September 10, 2018

    FTC Atty Says Marine Chemical Case Offers Merger Tips

    A staff attorney for the Federal Trade Commission said Monday that the agency’s recent challenge of Wilhelmsen Maritime’s planned $400 million purchase of Drew Marine Group offers insights into important merger analysis issues surrounding market definition.

  • September 10, 2018

    Deals Rumor Mill: Volvo Cars, EQT Partners, SABIC

    Volvo Cars has reportedly put its plans to go public in Stockholm on hold indefinitely, EQT Partners is mulling going public, and the Public Investment Fund of Saudi Arabia has tapped Bank of America Merrill Lynch, Goldman Sachs and M. Klein & Co. related to a SABIC stake sale.

Expert Analysis

  • Series

    Clerking For Ginsburg: How To Play The Long Game

    Arun Subramanian

    One of us was a clerk when Justice Ruth Bader Ginsburg read her Ledbetter dissent from the bench, inviting Congress to act, and the other clerked a few years later, when RBG's prominently displayed copy of the Lilly Ledbetter Fair Pay Act served as a daily reminder that dissents are not just for show, say Arun Subramanian and Mark Musico of Susman Godfrey LLP.

  • Series

    Clerking For Ginsburg: In Pursuit Of Precision

    Trevor Morrison

    As clerks for Justice Ruth Bader Ginsburg, we learned early on that, when preparing a memorandum or draft opinion, it was essential to present any opposing argument in its strongest possible light. There is a lesson here for today's public debates, says Trevor Morrison, dean of NYU Law School.

  • How Delaware Refreshed Its LLC Act And General Corp. Law

    Allison Land

    Last week, a number of amendments to the Delaware Limited Liability Company Act and the Delaware General Corporation Law became effective. Allison Land and Anne Connolly of Skadden Arps Slate Meagher & Flom LLP discuss the five major changes impacting companies.

  • UK Seeks To Balance Asset Protection And Protectionism

    William Charnley

    In response to the evolving geopolitical threats of the 21st century, the United Kingdom at the end of July began an initiative to enhance its powers to review or block foreign acquisitions of sensitive British assets. The challenge will be striking a balance between protecting legitimate strategic concerns and facilitating international investment, say attorneys at King & Spalding LLP.

  • Series

    Clerking For Ginsburg: My RBG Guide To Judging

    Goodwin Liu

    I clerked for Justice Ruth Bader Ginsburg before the days of RBG bobbleheads and “You Can’t Spell Truth Without Ruth” T-shirts. I had no idea I would become a judge, and I feel lucky every day that I had the chance to learn from her, says California Supreme Court Justice Goodwin Liu.

  • Opinion

    It's Prime Time For A Dose Of Reality On Brett Kavanaugh

    Daniel Karon

    President Donald Trump's announcement of his next U.S. Supreme Court nominee, D.C. Circuit Judge Brett Kavanaugh, had the trappings of reality TV. But left unmentioned were Kavanaugh’s troubling opinions on workplace safety standards, age discrimination and class action plaintiffs, says Daniel Karon of Karon LLC.

  • Series

    Clerking For Ginsburg: 4 Things I Learned

    Judge John Owens

    A lot has changed since I clerked for Justice Ruth Bader Ginsburg 20 years ago. At that time, I had hair and no wife. I also thought I knew everything — but working for the justice made me realize very quickly that I actually knew very little, says Ninth Circuit Judge John Owens.

  • DOJ Expands Efforts To Encourage FCPA Self-Reporting

    James Gatta

    The U.S. Department of Justice's announcement last week that it intends to apply its Foreign Corrupt Practices Act corporate enforcement policy to successor entities in M&A marks a continuation of its recent efforts to incentivize disclosure and cooperation. However, uncertainty still remains, say James Gatta and Derek Cohen of Goodwin Procter LLP.

  • Series

    Clerking For Ginsburg: The Equality Lessons

    Margo Schlanger

    In 1993, Ruth Bader Ginsburg was confirmed to the U.S. Supreme Court, and I began my two-year clerkship with her. In her first opinion as a justice, and in dozens since, Justice Ginsburg reminded us how the law needs to operate if equality is to be a reality, says Margo Schlanger, a professor at the University of Michigan Law School.

  • How Zions Bank Is Reducing Its Regulatory Burdens

    V. Gerard Comizio

    The Financial Stability Oversight Council has issued a proposed decision that would approve a transaction through which Zions Bancorporation, a bank holding company, would merge into its national bank subsidiary, Zions Bank. The transaction would eliminate the costs and redundancies associated with having two federal banking regulators, say V. Gerard Comizio and Nathan Brownback of Fried Frank Harris Shriver & Jacobson LLP.