Mergers & Acquisitions

  • March 2, 2018

    Investors Can Take On Mass. Hatsopoulos Bros., Judge Rules

    A federal judge in Massachusetts on Friday allowed a proposed class of investors to pursue contractual claims against a distinguished engineer and his business-savvy brother, who allegedly shorted one side in a 2016 merger of their energy-technology companies American DG Energy Inc. and Tecogen Inc.

  • March 2, 2018

    Juno Investor Seeks Records To Look Into $9B Celgene Deal

    A shareholder of biopharmaceutical firm Juno Therapeutics Inc. filed a petition Friday in Delaware state court seeking inspection of the company’s books and records so he can investigate the independence of the Juno directors that approved a $9 billion merger deal with industry rival Celgene Corp.

  • March 2, 2018

    Insurers Denied Quick Exit From Covering Dole Fraud Claims

    A Delaware judge has denied six excess insurers’ bid for a ruling that they don’t have to indemnify Dole Food Co. or two top officers for $222 million in settlements they struck to resolve stockholder suits accusing them of driving down Dole’s price before a 2013 take-private deal, finding that state law doesn’t prohibit insurance for such claims.

  • March 2, 2018

    Japanese Insurance Co. Buys MassMutual Unit For Nearly $1B

    The largest life insurer in Japan has secured the bulk of MassMutual International LLC’s insurance unit in Tokyo for nearly $1 billion, the companies announced Friday.

  • March 2, 2018

    Greenberg Guides TopBuild's $475M Acquisition Of Rival

    Greenberg Traurig LLP and Gibson Dunn & Crutcher LLP provided counsel on a $475 million deal announced Friday in which Florida-based insulation installer and distributor TopBuild Corp. will acquire competitor United Subcontractors Inc.

  • March 2, 2018

    Health Care REIT Adds Medical Property Portfolio For $142M

    Health care-focused real estate investment company Invesque said Friday it has agreed to purchase all units of a subsidiary of Mohawk Medical Properties Real Estate Investment Trust for $142 million.

  • March 2, 2018

    Group Slams Sinclair Plan To Get $3.9B Merger In FCC Shape

    A coalition formed to fight Sinclair Broadcast Group Inc.’s proposed, $3.9 billion acquisition of Tribune Media Co. recently told the FCC that Sinclair's divestiture plan to make the deal compliant with federal media-ownership rules is an “empty vessel."

  • March 2, 2018

    AT&T, Gov't Praised For No-Drama Discovery In Merger Row

    Legal teams for the federal government and AT&T got a pat on the back Friday from a D.C. federal judge for a relatively seamless discovery process in a high-profile suit over the government’s efforts to quash the telecom giant’s proposed $85 billion purchase of Time Warner.

  • March 2, 2018

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Jones Day and Goodwin Procter. Here, Law360 recaps the ones you might have missed.

  • March 2, 2018

    Lawyers Needed To Cut Through The Weeds Of Pot M&A

    As the Canadian market for cannabis-related transactions blazes on the news of the drug’s imminent legalization there, and public support grows for the U.S. to follow suit, M&A lawyers should be boning up now on the ins and outs of cannabis compliance.

  • March 2, 2018

    Taxation With Representation: Skadden, Jones Day, Kirkland

    In this week’s Taxation With Representation, AmTrust teamed up with Stone Point to go private in a deal valuing the insurer at $2.7 billion, Ocwen bought rival PHH for $360 million, and Spectrum Brands merged with HRG in a $10 billion deal.

  • March 2, 2018

    Deals Rumor Mill: SlimFast, United Grinding, IGM Resins

    The private equity owner of SlimFast Foods Co. is weighing a sale of the business, only one suitor remains in talks to buy Swiss-German machine toolmaker United Grinding Group and Dutch specialty chemical company IGM Resins is up for grabs.

  • March 2, 2018

    PE-Backed Sports Retailer Grows Stake In UK's Debenhams

    Private equity-backed British sportswear retailer Sports Direct has increased its stake in department store chain Debenhams to 29.7 percent, according to a filing Friday on the London Stock Exchange.

  • March 1, 2018

    Wilson Sonsini Helps Microchip In $8.35B Deal For Microsemi

    Wilson Sonsini Goodrich & Rosati PC is advising semiconductor manufacturer Microchip Technology Inc. in its $8.35 billion acquisition of Microsemi Corp., a government contractor for military and aerospace semiconductor equipment that will in turn be advised in the deal by O’Melveny & Myers LLP, according to announcements both companies made Thursday.

  • March 1, 2018

    $500M Weinstein Co. Sale Revived After Threat Of Bankruptcy

    A group of investors led by Maria Contreras-Sweet announced Thursday that it has worked out a $500 million deal to purchase the Weinstein Co. and relaunch the embattled film studio with a female-majority board, just days after the company said talks had broken down and it would have to file for bankruptcy.

  • March 1, 2018

    Brazil Antitrust Watchdog Blocks $800M Petrobras Unit Buy

    Brazil's competition authority denied a bid for Ultragaz SA to buy out a unit of rival Petrobras on Wednesday, saying the deal worth more than $800 million would result in an overly concentrated liquefied petroleum gas market.

  • March 1, 2018

    Kinder Pact Shields $9.2B El Paso Deals, Del. Justices Told

    Kinder Morgan Inc. struck back late Wednesday in a Delaware Supreme Court brief opposing a former limited partnership investor’s effort to resurrect a merger price damage suit, saying the appeal failed to overcome “safe harbor” shields against claims of unfairness in a $9.2 billion series of deals.

  • March 1, 2018

    Deals Rumor Mill: Thomson Reuters, Fiat, Hermes

    Just under two dozen banks are expected to join the financing effort for the Blackstone-Thomson Reuters deal, Fiat Chrysler has seen interest for lines of its auto parts unit, and asset manager Hermes Investment Management is in talks to sell a sizable stake to Federated Investors.

  • March 1, 2018

    EU, FTC Clear Essilor-Luxottica Merger Unconditionally

    European and U.S. antitrust officials on Thursday signed off on a merger between Essilor International SA and Luxottica Group SpA without conditions, concluding after lengthy investigations that allowing the creation of a $49 billion eyewear giant won't hurt competition.

  • March 1, 2018

    Jaffe Raitt Denied Retrial On $5M Negligence Verdict

    A Michigan federal judge on Wednesday denied Jaffe Raitt Heuer & Weiss PC a second chance after a trial finding the law firm was liable for almost $5 million for negligent advice about an acquisition deal, saying the jury's decision was supported by evidence.

Expert Analysis

  • A Momentous Year For CFIUS: Part 1

    Stephen Heifetz

    The Committee on Foreign Investment in the United States was the subject of more focus, change and consequence in 2017 than it had been in at least a decade. It appears that the significant CFIUS developments last year soon may be followed by formal legal changes, say attorneys with Wilson Sonsini Goodrich & Rosati PC.

  • NJ’s Evolving Health Care Arena: Trends To Watch In 2018

    John Fanburg

    New Jersey is one of the most competitive and heavily regulated states in terms of health care, making it a good barometer for how the industry is evolving nationally. As physicians and medical groups deal with issues like flat reimbursement from insurance providers and the rapidly rising costs of operating a medical practice, the ways in which doctors deliver health care will continue to change in 2018, says John Fanburg of Brach Eichler LLC.

  • 6 E-Discovery Predictions For 2018

    Erich Potter

    Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.

  • 2017 Del. Cases That Reflected Transformation In M&A Law

    Gail Weinstein

    The Delaware judicial framework for reviewing boards' M&A decisions has transformed in the past few years with cases such as Corwin, MFW and Trulia. This transformation has had dramatic effects, as reflected in and amplified by decisions issued in 2017, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • 6 Roles To Embrace In An Evolving Legal Industry

    Rob MacAdam

    Smart law firms are increasingly positioning professionals to proactively guide them as the legal landscape reshapes itself, harnessing six emerging roles within their organizational charts to embrace new approaches, tools and systems, says Rob MacAdam of HighQ.

  • Opinion

    This Year, Let’s Invest In Lawyer Resiliency

    Highly profitable companies have comprehensive corporate wellness programs that realize plateauing health care costs, greater employee engagement, and a demonstrable competitive advantage. The legal field needs a similar awakening, says Rudhir Krishtel, a former partner of Fish & Richardson and senior patent counsel at Apple.

  • 5 Legal Technology Predictions For 2018

    Jeff Ton

    While each new year is expected to bring fresh challenges to the legal industry, 2018 will be particularly disruptive to the status quo. Both law firms and organizations that cater to the legal community should prepare for developments like increasing pressure from international clients and data security risks caused by multigenerational gaps, says Jeff Ton of Bluelock LLC.

  • A Look At Recent Efforts To Contain Health Care Costs

    Andrew Bab

    At both the federal and state levels, government payors and other entities have developed initiatives to contain costs and promote accessibility to reasonably priced health care, while private payors are pursuing similar objectives through vertical integration, say attorneys with Debevoise & Plimpton LLP.

  • Litigation Finance Trends To Watch In 2018

    Jay Greenberg

    Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.

  • Dell Strongly Reinforces Importance Of Merger Price

    Edward Micheletti

    The Delaware Supreme Court’s recent appraisal decision in Dell v. Magnetar Global provides the strongest support yet for the concept of deferring to the merger price as the best evidence of appraisal value, say attorneys with Skadden Arps Slate Meagher & Flom LLP.