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Mergers & Acquisitions

  • December 6, 2018

    DOJ's AT&T Appeal Needs Numbers, Not Theory: DC Circ.

    A D.C. Circuit panel appeared skeptical in oral arguments Thursday of the U.S. Department of Justice’s attempts to revive its challenge to AT&T’s Time Warner purchase, demanding numbers to back up economic theory and questioning whether a district judge’s factual findings crossed the line into clear, reversible error.

  • December 6, 2018

    Ex-Sears CEO's Fund Submits $4.6B Ch. 11 Purchase Bid

    The hedge fund run by Sears Holding Corp. chairman and former CEO Eddie Lampert has said it will make a $4.6 billion offer to buy the bankrupt retail giant that the fund says would preserve about 500 stores and 50,000 jobs across the country.

  • December 6, 2018

    REIT Blasts Investor's 'Meritless' Bid To Block Merger

    Select Income REIT challenged an investor’s “meritless” attempt to block its proposed merger with Government Properties REIT in New York federal court Wednesday, saying that the investor is merely following a recent trend of investor suits over company mergers and that he presents no real claim.

  • December 6, 2018

    Shareholder Sues SendGrid Over $2B Twilio Deal

    A SendGrid Inc. shareholder filed a proposed class action in Colorado federal court Wednesday challenging the email marketing company's planned acquisition by Twilio, claiming the $2 billion deal was designed to benefit board members at shareholders' expense.

  • December 6, 2018

    Data-Driven Lawyer: Ogletree's Evan Moses

    Ogletree's Evan Moses uses unconventional strategies to boost the firepower of his class action practice, including a homegrown Monte Carlo algorithm, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 6, 2018

    Orrick, Clifford Chance Guide $87.3M Financial News Deal

    U.K.-based business and financial magazine publisher Euromoney Institutional Investor PLC said on Thursday that it has agreed to buy The Deal LLC, which is made up of BoardEx and The Deal, from financial news and information provider The Street Inc. for $87.3 million, in a deal guided by Clifford Chance LLP and Orrick Herrington & Sutcliffe LLP.

  • December 5, 2018

    Shire, Takeda Shareholders Give All Clear To £46B Deal

    Shareholders in Takeda Pharmaceuticals on Wednesday gave their seal of approval to the proposed £46 billion ($59 billion) acquisition of Shire PLC, paving the way for the deal’s completion after investors in the Dublin-based pharmaceutical giant also voted in favor of the tie-up.

  • December 5, 2018

    Fresenius Hits Akorn 'Disaster' In $4B Del. Merger Appeal

    Fresenius Kabi AG branded estranged merger partner Akorn Inc. “a disaster” Wednesday during a Delaware Supreme Court defense of an unprecedented Chancery Court ruling upholding termination of their $4.3 billion merger based on Akorn's alleged regulatory violations and poor performance post-signing.

  • December 5, 2018

    Deals Rumor Mill: Blackstone, Mogu, Petrobras

    Blackstone is reportedly getting ready to float health care and retirement benefits services provider Alight Solutions, Mogu is set to raise roughly $67 million when it goes public in the United States, and Brazilian state-owned oil giant Petrobras could be forced by the nation’s antitrust enforcer to offload refineries.

  • December 5, 2018

    Petrobras Could Reap $27B From Deals, Partnerships By 2023

    Petróleo Brasileiro SA, or Petrobras, said Wednesday it planned to ink partnerships and divest assets that could net it as much as $26.9 billion from 2019 to 2023, as part of a plan to re-envision the embattled Brazilian state-owned oil giant.

  • December 5, 2018

    Data-Driven Lawyer: Kilpatrick Townsend's Kate Gaudry

    Kilpatrick Townsend’s Kate Gaudry has used data analytics to supercharge her patent prosecution practice, uncover winning strategies for portfolio management and expose a secretive U.S. Patent and Trademark Office program, earning her a spot on our 2018 list of Data-Driven Lawyers.

  • December 5, 2018

    UK Antitrust Enforcer Deepens PayPal-IZettle Merger Probe

    Britain's antitrust enforcer announced Wednesday that it is deepening its investigation into PayPal's $2.2 billion takeover of a Swedish rival after the U.S. payment company failed to address the watchdog's concerns that the deal could stifle competition.

  • December 4, 2018

    Aralez Ch. 11 Sale Problems Put Case On Path To Mediation

    Disagreements among stakeholders in the Chapter 11 case for Aralez Pharmaceuticals Inc. have led the case in the "wrong direction," a New York bankruptcy judge said Tuesday, as he instructed the parties to mediate fights over sales of the drug company's assets.

  • December 4, 2018

    Rockport Shoe Creditors Say Del. Ch. 11 Plan Falls Short

    Unsecured creditors of The Rockport Co. LLC’s Chapter 11 successor objected late Monday to the company’s liquidation plan, warning that wind-down cash reserves will fall short of mandatory minimum payouts under the Bankruptcy Code.

  • December 4, 2018

    RV Gear Firm Sues Dometic For $8.4M Merger Escrow In Del.

    The former parent of a U.S. recreational vehicle equipment supplier acquired by an affiliate of a larger Swedish firm in 2014 sued buyer Dometic Corporation in Delaware's Chancery Court late Monday, saying that Dometic unjustifiably refused to release an $8.4 million deal escrow.

  • December 4, 2018

    4 FINRA Attys Take Regulatory Expertise To King & Spalding

    Four senior attorneys at the Financial Industry Regulatory Authority have joined arms and jumped to private practice, landing next to their former agency boss at King & Spalding LLP.

  • December 4, 2018

    Mining Co. Affiliates Drop $1.2B On Chilean Copper Mine

    Vancouver-based diversified mining company Teck Resources Ltd. said Tuesday that Sumitomo Metal Mining Co. Ltd. and general trading company Sumitomo Corp. had acquired a 30 percent indirect interest in the company that owns the Quebrada Blanca Phase 2 Chilean copper mining project for $1.2 billion.

  • December 4, 2018

    In AT&T Round 2, Attys Say DOJ Swinging At Air

    The U.S. Department of Justice will try to convince a D.C. Circuit panel Thursday to revive its challenge to AT&T’s purchase of Time Warner, in what experts say is a fight the DOJ has little chance of winning.

  • December 4, 2018

    Deals Rumor Mill: Daimler, Ardian, Grail

    Daimler AG is considering taking a larger stake in a joint venture with Beijing-based BAIC Motor Corp., Ardian is looking to raise as much as €6 billion ($6.8 billion) by way of its latest buyout fund, and Grail is considering going public in the U.S.

  • December 4, 2018

    Nexstar's $6.4B Tribune Buy Means Blackouts, ACA Says

    Nexstar Media Group Inc.'s proposed $6.4 billion pickup of Tribune Media Co. drew harsh criticism Tuesday from the American Cable Association, as the group's president said, absent strong conditions, Nexstar will bully distributors into fee hikes and go as far as to time blackouts during primetime events.

Expert Analysis

  • Opinion

    Skip The New 'Civility Courses' And Think Like A Lawyer

    Alex Dimitrief

    As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.

  • The DOJ's Current White Collar Priorities

    Melissa Jampol

    In a speech last week, Deputy Assistant Attorney General Matthew Miner acknowledged numerous changes over the past year in the U.S. Department of Justice's approach to corporate white collar enforcement, and clearly set forth current prosecutorial initiatives, say attorneys with Epstein Becker & Green PC.

  • Antitrust Considerations For Government Contractors

    Peter Levitas

    Companies that engage in government contracting, particularly in the defense industry, face sector-specific antitrust compliance challenges. They must navigate carefully to manage risk in merger review, teaming agreements and personnel issues, say Peter Levitas and Francesca Pisano of Arnold & Porter.

  • Why Law Firms Should Monitor The Dark Web

    Anju Chopra

    Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.

  • Does Rule 45 Protect Nonparties From Undue Burden?

    Matthew Hamilton

    Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.

  • DOJ Merger Review Reform Is Welcome News

    Joseph Bial

    Changes to the U.S. Department of Justice merger investigation process announced last week reflect the DOJ’s understanding that delay is a form of uncertainty and risk. Indeed, the timelines of recent investigations indicate that the agency has already endeavored to accelerate its merger reviews, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.

  • Opinion

    Tronox, Cristal Merger Review Underscores Need For Reform

    Michael Wise

    The Tronox/Cristal case highlights legitimate disadvantages that parties can face when a merger is before the Federal Trade Commission rather than the U.S. Department of Justice. The SMARTER Act, which has been floating around in Congress for several years, would improve the approach to cases like this, say Michael Wise and Noah Pinegar of Paul Hastings LLP.

  • 5 More GC Tips For Succeeding As A New Associate

    Jason Idilbi

    Jason Idilbi, former BigLaw associate and general counsel of the tech startup Passport Labs Inc., returns to Law360 to share recent thoughts on best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.

  • Series

    Judging A Book: Block Reviews 'Tough Cases'

    Judge Frederic Block

    In a new, extraordinary book, "Tough Cases: Judges Tell the Stories of Some of the Hardest Decisions They’ve Ever Made," 13 of my judicial brethren have courageously and dramatically humanized the judicial process, says U.S. District Judge Frederic Block of the Eastern District of New York.

  • What Corporate Attys Should Know About Calif. Privacy Act

    Grant Davis-Denny

    There are several aspects of the California Consumer Privacy Act that will affect the work of transactional attorneys, particularly those involved in mergers and acquisitions and in drafting contracts with vendors and business partners, say attorneys with Munger Tolles & Olson LLP.