Mr.D.I.Y. is considering going public, Petróleo Brasileiro SA has received offers for a shallow water oilfield from bidders including PetroRio and Karoon Energy Ltd., and UBS’ chairman put the kibosh on rumors that the bank could merge with Deutsche Bank or other banks.
Real estate investment firm Gencom Platform LLC said Thursday it has acquired two resorts in St. Pete Beach, Florida, at a purchase price of $100 million, with global hospitality company Benchmark tapped to manage the properties located on the resort island off the coast of St. Petersburg in Tampa Bay.
KKR & Co. LP has agreed to inject $1 billion into commercial aviation finance firm Altavair AirFinance as part of a long-term partnership focused on building a portfolio of leased commercial aircraft, the companies said Thursday, in an agreement guided by Simpson Thacher & Bartlett LLP and Milbank Tweed Hadley & McCloy LLP.
Hogan Lovells LLP has added a senior counsel already working on a major acquisition for the firm to its Boston office, announcing Wednesday it has hired IBM's former vice president and assistant general counsel, David Walsh, who returned home to finish his career following a one-day retirement.
Bristol-Myers Squibb, led by Kirkland & Ellis LLP, said Thursday it will take over New Jersey-based Celgene, advised by Wachtell Lipton Rosen & Katz, in a $74 billion cash-and-stock deal aimed at creating a top specialty biopharmaceutical company.
Synergy Pharmaceuticals Inc. is defending its efforts to sell the business to Bausch Health Cos. Inc. in Chapter 11 for approximately $200 million, telling a New York bankruptcy court Wednesday that challenges raised by shareholders and creditors are off-base and endanger the proposed sale process.
A pair of Saudi Arabian banks are looking for advisers related to potential plans to merge, FrontFour Capital Group is lobbying for board seats at MDC Partners, and Apollo Global Management is discussing a deal to buy Arconic Inc.
Cosmetics maker Glansaol Holdings Inc. has asked a New York bankruptcy court for permission to pay up to $1.4 million in bonuses to its executives, saying the payments are needed to maintain morale as the company heads for the auction block.
Several advocacy groups including Common Cause have filed a Third Circuit challenge to overturn the Federal Communications Commission's orders relaxing media ownership rules in local markets, calling them detrimental to diversity in radio and television.
Health care-focused real estate investment trust Omega Healthcare Investors Inc. on Wednesday said it will take over fellow REIT MedEquities Realty Trust Inc. in a $600 million deal, with Bryan Cave Leighton Paisner LLP and Morrison & Foerster LLP steering the buyer and seller, respectively.
Radisson on Wednesday warned investors against accepting a takeover offer from a consortium led by state-owned tourism and hospitality company Jin Jiang International that values the hotel operator at about 7 billion Swedish krona ($777 million), contending the bid is too low.
If 2018 is any indicator, the new year could be full of headline-making takeovers, tie-ups and tumultuous deal-making, and attorneys looking to land a spot on 2019’s biggest deals can do a lot to ensure they are standing on the winner’s podium when it comes time for companies to name counsel. Here, Law360 looks at three ways mergers and acquisitions attorneys and the firms they work for can land roles on landmark deals in 2019.
Global competition enforcement heading into 2019 is marked by uncertainty and a continued focus on the dominance of large technology platforms. The U.K.’s expected exit from the European Union is fast approaching and its potential impact on competition enforcement is hard to predict. Meanwhile, enforcers around the world are steaming ahead with work targeting the conduct of big tech companies, and China still is grappling with the recent merger of its three competition agencies.
A bellwether merger appraisal appeal, a spotlight on “enhanced” director independence, a trial over a mega-merger meltdown and an appeal from a rare deployment of the “implied covenant” in a contract dispute all lay ahead as 2019 opens in Delaware’s Chancery and Supreme Courts.
The antitrust cases likely to dominate 2019 are for the most part continuations of 2018’s biggest cases, including contentious disputes over technology patent licensing, enforcement actions targeting makers of brand-name and generic drugs, and the U.S. Department of Justice’s efforts to block the AT&T-Time Warner merger.
Competition enforcers enter 2019 with several major merger cases underway, including the U.S. Department of Justice challenge of AT&T's blockbuster deal for Time Warner. But the agencies are also reviewing a couple of other deals that could join the slate of high profile merger challenges this year.
Deal-making in 2019 will ride continued favorable economics for a steady start to the year amid growing global geopolitical tensions, with corporations looking at transformative tie-ups under the watchful eyes of shareholder activists and private equity firms mulling big-ticket buyouts.
As the new year comes into view, most people take time to reflect and consider ways to improve their lives and reassess the goals they have set for themselves, and mergers and acquisitions attorneys are no different, stoking the flames of business relationships to ensure the new year is better than the last.
The U.S. Supreme Court is going into 2019 with several significant cases for the class action world on its docket, cases that give the high court the opportunity to address everything from the Telephone Consumer Protection Act to classwide arbitration.
Shareholder activists are expected to hit the ground running in 2019, carrying over their momentum from an action-packed year with an emphasis on challenging announced transactions and targeting companies outside of the U.S. Here, Law360 outlines developing activism trends that are poised to shape the coming year.
Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.
A Virginia federal court's recent ruling in Steves and Sons v. Jeld-Wen opens the possibility that a U.S. court would permit divestiture as a remedy in private litigation for a merger already closed years before, says Derek Dahlgren of Rothwell Figg Ernst & Manbeck PC.
The Committee on Foreign Investment in the U.S. has announced a pilot program requiring filings when entities linked to foreign governments acquire substantial interests in certain U.S. businesses. State-owned entities will need to report more transactions, but the process will be streamlined in many cases, say Nancy Fischer and Matthew Rabinowitz of Pillsbury Winthrop Shaw Pittman LLP.
Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.
Last week, the Federal Trade Commission held the third hearing in its series on competition in the 21st century, which covered multisided platforms, labor issues, and acquisitions in nascent markets. Attorneys with Perkins Coie LLP offer some key takeaways.
Trial lawyers are frequently taught that they should appear invisible during direct examination — that their job is merely to prompt the witness to start speaking. But the most powerful direct examinations are the ones in which the examiner, not the witness, is controlling the pace, say attorneys with Kobre & Kim LLP.
Notwithstanding protectionist trends on both sides of the Pacific, there continues to be high levels of interest from Chinese investors looking to invest in U.S. companies and vice versa. Charles Comey and Jim Ryan of Morrison & Foerster LLP discuss the new regulatory challenges facing these deals.
While testifying before the Senate's antitrust subcommittee earlier this month, the chairman of the Federal Trade Commission and the head of the U.S. Department of Justice Antitrust Division provided additional detail about several of the agencies’ initiatives, say attorneys with Paul Weiss Rikfind Wharton & Garrison LLP.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
Following Sears' bankruptcy filing this week, there could be an announcement that the company has agreed to sell its most valuable stores to an affiliate of its largest shareholder, say Karen Park of ParkLaw LLC and Tara Desai of Greenhouse Branding Inc.