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Mergers & Acquisitions
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December 04, 2025
Wachtell Advising OpenAI On Planned Neptune Purchase
OpenAI has agreed to acquire experiment-tracking startup Neptune, a deal that brings in-house a set of tools designed to give researchers real-time visibility into how large artificial intelligence models learn.
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December 04, 2025
KKR-Led Group Sells Stake In Tokyo Hotel, Plus More Rumors
A group led by private equity behemoth KKR sold its stake in a luxury Tokyo hotel for $800 million, Blackstone is considering dropping its bid for British self-storage company Big Yellow Group, and Australian metals and mining company BHP Group offered to buy British mining company Anglo American for £40 billion ($53 billion) before nixing its offer.
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December 03, 2025
9th Circ. Asks Calif. High Court For Ruling In Buyout Dispute
The Ninth Circuit on Wednesday asked California's highest court to rule on whether California state law bars a shareholder from seeking buyout-related damages when the shareholder does not become aware of their basis for seeking damages until after a buyout's completion — a ruling that could upend a $9 million verdict.
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December 03, 2025
FCC OKs $1B UScellular Deal After AT&T Drops DEI Policies
AT&T got the Federal Communications Commission's approval for its $1 billion UScellular deal Wednesday, following in the wake of rivals Verizon and T-Mobile and becoming the latest of the big three mobile carriers to agree to do away with its diversity, equity and inclusion policies.
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December 03, 2025
ITG Urges Del. Justices To Snuff $250M Reynolds Award
An attorney for ITG Brands LLC told Delaware's Supreme Court on Wednesday that a Chancery Court ruling in April effectively rewrote contract terms, which resulted in the tobacco company's liability for more than $251 million in payments to Florida that ITG never agreed to assume under a settlement covering acquired cigarette brand liabilities.
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December 03, 2025
FTC Clears Boeing's $4.7B Spirit Aero Deal With Fixes
The Federal Trade Commission said Wednesday that enforcers will allow Boeing to move ahead with its planned $4.7 billion purchase of aircraft parts-maker Spirit AeroSystems after the companies agreed to sell several assets.
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December 03, 2025
7 Pension Funds Picked To Lead Neogen Investor Class
A Michigan federal judge Wednesday selected a group of pension funds to serve as a lead plaintiff for Neogen investors alleging the company hid postmerger financial difficulties following a combination with a division of manufacturing giant 3M.
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December 03, 2025
StoreDot, Andretti SPAC Ink $800M Fast-Charge Battery Deal
StoreDot Ltd., an Israeli developer of fast-charging electric vehicle batteries, has struck an $800 million deal to go public through a merger with Andretti Acquisition Corp. II, according to a Wednesday announcement, betting that its technology can cut EV charging times to mere minutes.
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December 03, 2025
2 Firms Advise As Marvell Inks Up To $5.5B Celestial AI Deal
Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP are advising Marvell Technology and Celestial AI, respectively, on an up to $5.5 billion deal that will expand Marvell's position in high-speed connectivity for artificial intelligence data centers.
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December 03, 2025
Home Contractor Platform Changes Hands In $190M Deal
California technology company QuinStreet Inc. said Wednesday it will pay a total of $190 million to acquire HomeBuddy, a homeowner-focused digital marketplace for home improvement contractors.
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December 03, 2025
Ares Plugs $350M Into MGT, Valuing Biz At $1.25B
Technology and advisory solutions firm MGT on Wednesday announced that it secured a $350 million investment from private equity giant Ares Management Corp., sending the company's valuation soaring to $1.25 billion.
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December 03, 2025
Baldwin Group Buying CAC In Nearly $1.4B Insurance Deal
Tampa, Florida-based The Baldwin Group said it has agreed to purchase CAC Group in a transaction valued at up to $1.346 billion, expanding the insurance broker's specialty capabilities and creating one of the largest independent advisory platforms in the U.S.
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December 03, 2025
Latham-Led CVC To Buy Smiths Detection For £2B
Private equity giant CVC said Wednesday that it has agreed to acquire aviation security-screening company Smiths Detection for £2 billion ($2.7 billion) from Smiths Group PLC in a deal guided by Latham & Watkins and Freshfields.
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December 02, 2025
Monthly Merger Review Snapshot
The FTC urged a D.C. court to block a deal involving a new heart valve treatment, and courts rejected the commission's monopolization case over Meta's past acquisitions and the agency's challenge of a medical device coatings deal. Here, Law360 looks at the major merger review developments from November.
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December 02, 2025
Oberon Says UK REIT Owes $40M Fee For Assura Takeover
A New York investment bank accused a healthcare-focused U.K. real estate investment trust and an affiliate of owing more than $40 million after the bank found a real estate portfolio acquisition target for the REIT, in a suit filed Monday in New York federal court.
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December 02, 2025
Precision Aerospace To Go Public Via $320M SPAC Merger
Precision Aerospace & Defense Group Inc., an engineering and manufacturing supplier to the aerospace, defense and space industries, has agreed to go public through a merger with FACT II Acquisition Corp., a special purpose acquisition company.
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December 02, 2025
States' HPE-Juniper Intervention Limited To Settlement
A California federal court's ruling allowing state enforcers to intervene over a deal to end the Justice Department's challenge of Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks is limited to the court's review of the settlement, according to a new order.
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December 02, 2025
A&O Shearman Corporate Pro Joins Holland & Knight In Texas
Holland & Knight LLP announced Monday that it has bolstered its corporate, mergers and acquisitions, and private equity practices with a partner in Austin, Texas, who came aboard from Allen Overy Shearman Sterling.
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December 02, 2025
Trio Of Firms Advises On Planned $500M Eventbrite Sale
Eventbrite Inc. said on Tuesday it has agreed to be acquired by Italian technology company Bending Spoons in an all-cash deal valuing the event management platform at about $500 million and steered by three law firms.
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December 02, 2025
Santander Scores $472M For 3.5% Stake In Polish Unit
Banco Santander SA announced Tuesday it sold 3.5% of equity in its Polish subsidiary, Santander Bank Polska, through an accelerated placement that raised roughly PLN 1.72 billion, or about $472 million.
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December 02, 2025
White & Case-Led Activist Blocks Investment Trusts Merger
Investment companies Edinburgh Worldwide Investment Trust PLC and Baillie Gifford US Growth Trust PLC said Tuesday that activist shareholder Saba Capital Management LP has shut down their proposed merger.
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December 01, 2025
Bristol-Myers Must Face Trimmed $6.7B Celgene Investor Suit
A Manhattan federal judge Monday trimmed UMB Bank's lawsuit accusing Bristol-Myers Squibb of slow-walking the U.S. Food and Drug Administration approval process for three drugs to avoid paying shareholders $6.7 billion owed from its 2019 acquisition of Celgene Corp.
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December 01, 2025
Chancery OKs $9.4M Deal To End Sears Take-Private Suit
Terming it a settlement that is "easy to approve," a Delaware vice chancellor on Monday OK'd a $9.37 million deal to end a suit contesting investor payouts after a take-private deal for Sears Hometown and Outlet stores in 2019.
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December 01, 2025
Chancery Tosses Suit Challenging Auto Repair Biz Sale Nix
Investors in affiliates of auto repair venture Repairify Inc. failed to show an enforceable fiduciary duty breach when they launched a derivative suit accusing the company's controller and others of snubbing a push to sell the business, a Delaware vice chancellor declared on Monday.
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December 01, 2025
Latham-Led Targa To Pay $1.3B For Permian Processing Co.
Targa Resources Corp. said Monday it will acquire Stakeholder Midstream LLC for $1.25 billion in cash, adding an extensive gathering and processing, or G&P, system in the Permian Basin to its asset base.
Expert Analysis
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Assessing New Changes To Texas Officer Exculpation Law
Consistent with Texas' recent modernization of its corporate law, the recently passed S.B. 2411 allows officer exculpation, streamlines certificate of formation amendments, authorizes representatives to act on shareholders' behalf in mergers and makes other changes aimed toward companies seeking a more codified, statutory model of corporate governance, say attorneys at Bracewell.
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Series
Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Series
Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Spinoff Transaction Considerations For Biotech M&A
Amid current market challenges, boards and management teams of biotech companies can consider several strategies for maximizing value should a spinoff opportunity arise, but not without significant advance planning and careful implementation, particularly in cases that might qualify as tax-free, say attorneys at Paul Hastings.
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Opinion
Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Series
Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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Series
Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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Del. Dispatch: General Partner Discretion In Valuing Incentives
In Walker v. FRP Investors, the Delaware Court of Chancery recently held that the general partner of a limited partnership breached its obligations when determining the threshold value of newly issued incentive units, highlighting the court's willingness to reconstruct what a reasonable determination of value by a general partner should have been, say attorneys at Fried Frank.
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.
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How Ore. Law Puts New Confines On Corp. Health Ownership
A newly enacted law in Oregon strengthens the state’s restrictions on corporate ownership of healthcare practices, with new limitations on overlapping control, permissible services, restrictive covenants and more making it necessary for practices to review decades-old physician practice arrangements, say attorneys at Ropes & Gray.
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Observations On 5 Years Of Non-Notified CFIUS Inquiries
Since 2020, the Committee on Foreign Investment in the United States has identified and investigated covered cross-border transactions not formally notified to CFIUS, and a look at data from 50 non-notified matters during that time reveals the general dynamics of this enforcement function, say attorneys at Cooley.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Trump Antitrust Shift Eases Pressure On Private Equity Deals
Enforcement actions and statements by Trump administration antitrust officials forecast a shift away from specifically targeting private equity activity, which should be welcome news to dealmakers, but firms shouldn't expect to escape traditional antitrust scrutiny, says Nathaniel Bronstein at Fried Frank.
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Series
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.