Mergers & Acquisitions

  • September 23, 2025

    Sullivan & Cromwell Guides Sempra On $10B Subsidiary Sale

    Sempra said Tuesday it has agreed to sell a 45% stake in its infrastructure subsidiary to a consortium led by KKR and Canada's CPP Investments for $10 billion, while separately securing $7 billion of equity financing led by Blackstone to advance a major liquefied natural gas project in Texas.

  • September 23, 2025

    Morningstar Nabs Market Data Provider CRSP In $375M Deal

    Investment insights provider Morningstar Inc., advised by Mayer Brown LLP, on Tuesday announced plans to acquire the Center for Research in Security Prices, which collects stock market data and builds indexes, from the University of Chicago, led by Reed Smith LLP, in a $375 million deal.

  • September 23, 2025

    Norwegian Recycler Tomra To Buy US Rival For $60M

    Norway's Tomra Systems ASA said Tuesday that it plans to buy the owner of Clynk, a U.S. bottle recycling company, for up to $60 million to strengthen its position in North America and provide innovative solutions to its customers.

  • September 22, 2025

    Oracle To Secure TikTok Users' Data In Deal To Skirt US Ban

    Tech giant Oracle will be tasked with safeguarding U.S. TikTok users' personal data, and the app's recommendation algorithm will be "retrained" and operated outside the control of TikTok's Chinese parent company under a deal that President Donald Trump is expected to sign this week to avert a shutdown of TikTok, the White House said Monday. 

  • September 22, 2025

    Davis Polk, Goodwin Guide $675M Bitcoin Treasury Merger

    Strive Inc. announced Monday that it plans to purchase $675 million worth of bitcoin and acquire Semler Scientific Inc. in an all-stock transaction in a deal guided by Davis Polk & Wardwell LLP and Goodwin Procter LLP.

  • September 22, 2025

    Davis Polk, Latham Advise On $3.2B Heineken FIFCO Buy

    Dutch brewer Heineken NV said Monday it has agreed to acquire most of Costa Rica's FIFCO beverage and retail operations for approximately $3.2 billion. 

  • September 22, 2025

    Investors Dunk Battle For Portland Hoops Team In Chancery

    An arm of sports, real estate and consumer goods venture RAJ Capital LLC sued on Monday in Delaware's Court of Chancery for a temporary restraining order enjoining interests of the Cherng Family Trust from pursuing deals, equity or other involvement in the NBA's Portland Trail Blazers.

  • September 22, 2025

    Fifth Third Can Keep $30M In Escrow Fight, Judge Rules

    A New York federal judge has sided with Fifth Third Bank in a $30 million escrow fight, finding its claim notice over alleged "platform fee" violations was timely and valid, in a ruling that will require the suing private equity seller to return $10 million that was already released.

  • September 22, 2025

    In-House Judge Won't Pause FTC's Heart Valve Deal Challenge

    An administrative law judge refused to pause the Federal Trade Commission's in-house case challenging Edwards Lifesciences Corp.'s planned $945 million purchase of JenaValve Technology Inc. until after a ruling in the related federal court case.

  • September 22, 2025

    National Instruments Investors Granted Class Cert.

    A New York federal judge has certified a class of investors who sold National Instruments Corp. stock during two windows in 2022 while the company was repurchasing shares and considering an acquisition offer, finding that reliance can be presumed and damages can be measured on a class-wide basis, among other things.

  • September 22, 2025

    Chancery Orders New Doc Handover In Crypto Co. Merger Suit

    A busted crypto-venture merger battle resurrected by Delaware's Supreme Court last year took another turn Monday with a ruling by Delaware's chancellor compelling Galaxy Digital Holdings LLC's handover of records that crypto-wallet business Bitgo Holdings Inc. said ties Galaxy to an alleged crypto pump-and-dump scheme.

  • September 22, 2025

    Atlas Holdings Buying Office Depot Owner In $1B Deal

    The ODP Corp. said Monday that it has agreed to be acquired by an affiliate of Atlas Holdings for $28 per share in cash, valuing the company at about $1 billion.

  • September 22, 2025

    Wachtell, Paul Weiss Advise On Pfizer's $7.3B Obesity Path

    Pfizer Inc. will acquire Metsera Inc. for $4.9 billion in cash, as the U.S. pharmaceutical giant bets on the biotech firm's experimental treatments for obesity and cardiometabolic diseases, the companies said Monday. 

  • September 22, 2025

    High Court Allows FTC Firing, Will Review Trump's Power

    The U.S. Supreme Court ruled Monday that President Donald Trump can fire Democratic Federal Trade Commissioner Rebecca Slaughter without cause, and it agreed to reconsider limits on the president's authority to remove members of the FTC.

  • September 22, 2025

    Cooley, Freshfields Lead $1.6B Majority Buy Of PrizePicks

    Lottery operator Allwyn International AG, steered by Freshfields US LLP, announced Monday it will buy a $1.6 billion majority stake in Cooley LLP-led, North American daily fantasy sports operator PrizePicks, allowing the Switzerland-based business to expand in the United States.

  • September 22, 2025

    Kirkland, DLA Piper Steer Thoma Bravo's $1.4B PROS Buy

    Artificial intelligence-powered service pricing and selling solutions company PROS Holdings Inc., advised by DLA Piper LLP, on Monday announced plans to go private after being bought by Kirkland & Ellis LLP-led private equity giant Thoma Bravo in an all-cash deal that values the software company at $1.4 billion.

  • September 22, 2025

    4 Firms Build Patient Square's $2.6B Premier Take-Private Deal

    Technology-driven healthcare company Premier Inc. on Monday announced plans to go private after being bought by healthcare investment firm Patient Square Capital in a transaction valued at $2.6 billion that was built by four law firms.

  • September 22, 2025

    2 Firms Advise Compass' $1.6B Buy Of Broker Anywhere

    Real estate broker Compass said Monday that it has struck a deal to acquire rival broker Anywhere Real Estate for $1.6 billion, in a transaction advised by Kirkland & Ellis LLP and Wachtell Lipton Rosen & Katz.

  • September 22, 2025

    Linklaters Bolsters Italy Team With Top M&A Partner Hire

    Linklaters LLP has hired mergers and acquisitions expert Massimiliano Nitti as a partner and head of the corporate department to strengthen its presence in Italy to advise its international corporate and private equity clients.

  • September 22, 2025

    London Consultant To Buy Rival For $125M To Expand In US

    Information technology consulting firm Elixirr International PLC said Monday that it has agreed to acquire the U.S.-based business consultancy TRC Advisory LLC for up to $125 million to grow its international footprint and "widen its industry diversification."

  • September 19, 2025

    OneDigital Nabs $7B Value With PE-Backed Majority Stake Buy

    U.S.-based insurance brokerage and workforce consulting firm OneDigital said Friday that funds managed by Stone Point Capital and the Canada Pension Plan Investment Board are acquiring a majority stake in the company in a transaction that values it at more than $7 billion.

  • September 19, 2025

    FTC Restructuring Its Non-DC Offices Under Single Banner

    The head of the Federal Trade Commission's Competition Bureau said in New York City remarks Friday that the agency is restructuring its offices outside its Washington, D.C., base so that those satellite units operate as a single division under an "easier, cleaner, more efficient reporting structure."

  • September 19, 2025

    Faegre Drinker Hires Corporate Atty From Greenberg Traurig

    Faegre Drinker Biddle & Reath LLP has announced it has welcomed a New York-based corporate lawyer from Greenberg Traurig LLP.

  • September 19, 2025

    Kirkland M&A Partner Moves To Ropes & Gray In New York

    Ropes & Gray LLP has brought on a longtime Kirkland & Ellis LLP mergers and acquisitions partner in New York who has expertise in real estate and infrastructure transactions.

  • September 19, 2025

    Ellenoff-Led SPAC Among 3 IPOs Seeking Total $450M

    Galata Acquisition Corp. II, a special purpose acquisition company formed by Callaway Capital Management, began trading Friday after raising $150 million by offering 15 million units at $10.

Expert Analysis

  • Opinion

    DOJ's HPE-Juniper Settlement Will Help US Compete

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    The U.S. Department of Justice settlement with Hewlett Packard Enterprise clears the purchase of Juniper Networks in a deal that positions the U.S. as a leader in secure, scalable networking and critical digital infrastructure by requiring the divestiture of a WiFi network business geared toward small firms, says John Shu at Taipei Medical University.

  • Series

    Playing Baseball Makes Me A Better Lawyer

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    Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.

  • Building Better Earnouts In The Current M&A Climate

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    In the face of market uncertainty, we've seen a continued reliance on earnouts in M&A deals so far this year, but to reduce the risk of related litigation, it's important to use objective standards, apply company metrics cautiously and ensure short time periods, among other best practices, say attorneys at White & Case.

  • Series

    Law School's Missed Lessons: Skillful Persuasion

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    In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.

  • A Look At Trump 2.0 Antitrust Enforcement So Far

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    The first six months of President Donald Trump's second administration were marked by aggressive antitrust enforcement tempered by traditional structural remedies for mergers, but other unprecedented actions, like the firing of Federal Trade Commission Democrats, will likely stoke heated discussion ahead, says Richard Dagen at Axinn.

  • Litigation Inspiration: How To Respond After A Loss

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    Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.

  • The Metamorphosis Of The Major Questions Doctrine

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    The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.

  • Biotech Collaborations Can Ease Uncertainty Amid FDA Shift

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    As concerns persist that the U.S. Food and Drug Administration's reduced headcount will impede developments at already-strapped biotech companies, licensing and partnership transactions can provide the necessary funding and pathways to advance innovative products, say attorneys at Troutman.

  • Series

    Playing Mah-Jongg Makes Me A Better Mediator

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    Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.

  • Business Court Bill Furthers Texas' Pro-Corporate Strategy

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    The Texas Legislature's recent bill to enhance corporate protections and expand access to the Texas Business Court by refining its jurisdictional standards is just the latest step in the state's playbook for becoming the new center of corporate America, say attorneys at Katten.

  • FTC Staff Cuts Unlikely To Curb Antitrust Enforcement Agenda

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    While Federal Trade Commission Chair Andrew Ferguson's recent commitment to reducing agency staff may seem at odds with the Trump administration's commitment to antitrust enforcement, a closer analysis shows that such reductions have little chance of derailing the president's efforts, say attorneys at Squire Patton.

  • Series

    Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • Opinion

    4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • Takeaways From EU's Review Of Merger Control Guidelines

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    The European Commission’s newly launched consultation on the European Union’s merger guidelines will explore whether and how merger control should consider key policy objectives, such as innovation, investment incentives and security, say lawyers at Latham.

  • How Attys Can Use AI To Surface Narratives In E-Discovery

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    E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.

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