Mergers & Acquisitions

  • May 29, 2025

    NYC Tour Bus Co. Asks Judge To Rethink Nixing Antitrust Suit

    A New York City tour bus operator is once again in the position of trying to convince a federal court to revive the antitrust claims it has brought against several rivals, after a New York federal judge dismissed the second lawsuit the company has filed related to the same dispute.

  • May 29, 2025

    Alston & Bird, Smith Mackinnon Steer $710M Fla. Bank Deal

    The holding company for Seacoast National Bank said Thursday that it would acquire Villages Bancorporation Inc., the holding company of Citizens First Bank based in The Villages, Florida, for approximately $710 million in a deal guided by Alston & Bird LLP and Smith Mackinnon PA.

  • May 29, 2025

    Simpson Thacher, Skadden, Mayer Brown Guide $4B Rail Deal

    Wells Fargo, represented by Simpson Thacher & Bartlett LLP, unveiled Thursday a $4.4 billion deal to sell its rail assets to a joint venture formed between Mayer Brown LLP-led GATX and Brookfield Infrastructure Partners, which is advised by Skadden Arps Slate Meagher & Flom LLP.

  • May 29, 2025

    Delaware Justices Asked To Review Corporate Law Rework

    A biopharmaceutical company stockholder has sought direct certification of a derivative suit to Delaware's Supreme Court, asking for state constitutional review of legislation approved in March that limits avenues for challenges to some corporate acts.

  • May 29, 2025

    JetBlue Fights American's NEA Suit, Pivots To United Deal

    JetBlue has told a Texas federal judge that American Airlines' lawsuit seeking to recover $1 million in alleged unpaid payments related to their now-scrapped codeshare agreement covering New York and Boston is preempted by federal law and potentially conflicts with a Massachusetts federal judge's antitrust ruling.

  • May 29, 2025

    $45M Settlement, $9.65M Fee OK'd In Del. Cornerstone Suit

    Stockholders who challenged Clayton Dubilier & Rice LLC's $5.8 billion take-private deal for Cornerstone Building Brands in 2022 secured a $45 million settlement Thursday, in a case that once saw a Delaware vice chancellor blast as "farcical" the two companies' early, alleged attempts to camouflage price negotiations to get around a standstill agreement.

  • May 29, 2025

    Seyfarth Adds Greenspoon Marder Corporate Atty In LA

    Seyfarth Shaw LLP is expanding its West Coast team, bringing in a former Greenspoon Marder LLP transactional attorney as a partner in its Los Angeles office in Century City.

  • May 29, 2025

    Javice Request To Sink Guilty Verdict Turned Aside By Judge

    A Manhattan federal judge declined on Thursday to toss a verdict convicting Frank founder Charlie Javice of tricking JPMorgan Chase into buying the student aid startup for $175 million, saying he properly declined to sever her trial from that of her co-defendant.

  • May 29, 2025

    Japan's NTT Docomo Launches Offer Valuing Bank At $5.1B

    NTT Docomo, the mobile unit of Japanese telecom giant Nippon Telegraph & Telephone, on Thursday announced a tender offer to acquire shares of SBI Sumishin Net Bank Ltd., valuing the online bank at approximately 739 billion yen ($5.1 billion).

  • May 29, 2025

    Grammarly Secures $1B To Expand Reach, Boost AI Platform

    Writing assistance tool provider Grammarly on Thursday revealed it had received a $1 billion investment from private equity shop General Catalyst, which will be used to help boost sales and marketing as well as extend the reach of its new artificial intelligence productivity platform.

  • May 29, 2025

    Shein Eyes HK Listing After London Snag, Plus More Rumors

    Fast-fashion retailer Shein intends to list in Hong Kong after its plans to go public in London fell apart, messaging app Telegram is set to raised $1.7 billion through an upsized bond offering, while Elon Musk's Neuralink Corp. raised $600 million in a deal that values the brain-implant startup at $9 billion.

  • May 29, 2025

    Shell To Boost Stake In Nigerian Oilfield With $510M Deal

    Energy giant Shell PLC said Thursday that a subsidiary has agreed to pay $510 million to acquire an extra 12.5% stake in an oilfield off Nigeria's coast from a subsidiary of French rival TotalEnergies SE.

  • May 28, 2025

    Del. Justices Won't Revive Raytheon Incentive Plan Suit

    Delaware's highest court on Wednesday declined to revive a derivative suit accusing Raytheon Technologies Corp. directors of wrongly allowing a special committee to change an employee pension plan without stockholder approval, citing no support for alleged bylaw breaches or need for a stockholder vote.

  • May 28, 2025

    3 Firms Guide Hailey Bieber's $1B Sale Of Rhode To Elf Beauty

    e.l.f. Beauty announced Wednesday that it has signed a deal to acquire Hailey Bieber's skincare and makeup company, Rhode, for around $1 billion, with law firms Latham & Watkins LLP, Skadden Arps Slate Meagher & Flom LLP and Cravath Swaine & Moore LLP advising the various parties.

  • May 28, 2025

    FTC Orders Divestitures Before $35B Synopsys-Ansys Merger

    The Federal Trade Commission said Wednesday that software companies Synopsys and Ansys will be required to divest certain assets, including Synopsys' optical software tools and Ansys' power consumption analysis tool, in order to move forward with their planned $35 billion merger.

  • May 28, 2025

    3 Firms Guide Acrisure On $1.1B Global Payments Unit Buy

    Fintech company Acrisure said Wednesday it has agreed to acquire Heartland Payroll Solutions, the payroll and human capital management unit of Global Payments Inc., for $1.1 billion in cash, with three law firms providing legal counsel to Acrisure. 

  • May 28, 2025

    DOJ Gets Some Discovery Seeking HPE-Juniper Witness Bias

    A California federal magistrate judge granted the U.S. Department of Justice only limited discovery Tuesday as it looks for potential "bias" from an industry analyst Hewlett Packard Enterprise may call in defense of its planned $14 billion purchase of Juniper Networks Inc.

  • May 28, 2025

    SunCoke Energy Expanding With $325M Phoenix Global Buy

    SunCoke Energy Inc. said Wednesday that it has agreed to acquire Phoenix Global, a privately held provider of metals and mining services, for $325 million on a cash-free, debt-free basis.

  • May 28, 2025

    DOJ Tells Justices American Airlines Can't Renew JetBlue Pact

    The federal government told the U.S. Supreme Court that the First Circuit correctly determined that American Airlines failed to prove at trial that its codeshare agreement with JetBlue in Boston and New York had procompetitive benefits, and the carrier's attempt to revive the alliance is moot anyway.

  • May 28, 2025

    Singapore's Quadria Closes $1B-Plus Healthcare Fund

    Singapore-based private equity firm Quadria Capital has closed its third healthcare fund at $1.07 billion, surpassing its $800 million target as it targets companies across Asia. 

  • May 28, 2025

    Anesthesiology Co. Urges Dismissal Of Antitrust Class Action

    U.S. Anesthesia Partners told a Houston judge that a patient leading a proposed class action accusing it of monopolizing the Texas anesthesia market doesn't have a valid claim because his insurance company chose how much he paid for services.

  • May 28, 2025

    Defense-Focused SPAC Leads Pair Of Listings Totaling $285M

    Defense- and aerospace-focused Kochav Defense Acquisition Corp. began trading Wednesday after pricing a $220 million initial public offering, one of two special purpose acquisition companies to join a recovering market after raising $285 million combined.

  • May 28, 2025

    Checkpoint Pharma Sued For Docs On $355M Merger Plan

    Stockholders of cancer drug developer Checkpoint Pharmaceuticals sued the company in Delaware's Chancery Court for documents on its proposed $355 million acquisition by India-based Sun Pharmaceuticals, alleging conflicts and lack of disclosures regarding the role played by Checkpoint's controlling investor, Fortress Biotech.

  • May 28, 2025

    In Volatile World, PE Attys Guide Complex Take-Private Deals

    As rising geopolitical tensions and tariff uncertainty continue to rattle dealmaking markets, attorneys are guiding private equity firms and potential take-private targets through increasingly complex negotiations.

  • May 28, 2025

    Freshfields Gains New Tech M&A Leadership From Debevoise

    Freshfields LLP announced Wednesday that it has hired a former Debevoise & Plimpton LLP attorney in San Francisco to co-lead its U.S. tech and life sciences mergers and acquisitions practice.

Expert Analysis

  • Opinion

    No, Litigation Funders Are Not 'Fleeing' The District Of Del.

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    A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.

  • 5 E-Discovery Predictions For 2025 And Beyond

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    In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.

  • Best Practices To Find Del. Earnout Provisions That Hold Up

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    Recent Delaware earnout litigation illustrates the need for careful drafting and proactive planning to avoid later divergent interpretations of the signed contract, and a series of drafting tips can help, say attorneys at Cozen O'Connor.

  • What 2024 Tells Us About Calif. Health Transaction Reviews

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    Looking back at the California Office of Health Care Affordability's first year accepting notices for material healthcare transactions reveals critical lessons on what the OHCA's review process may mean for the future of covered transactions in the state, say attorneys at Ropes & Gray.

  • Republican Trifecta Amplifies Risks For Cos. In 3 Key Areas

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    Expected coordination between a Republican Congress and presidential administration may expose companies to simultaneous criminal, civil and congressional investigations, particularly with regard to supply chain risks in certain industries, government contracting and cross-border investment, say attorneys at Morgan Lewis.

  • 2024 Was A Banner Year For Shareholder Activism

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    Shareholder activism campaigns in 2024 continued at an elevated pace globally, with activist investors exploiting valuation gaps and pushing aggressively for corporate governance reforms, including the ouster of many companies' chief executives, a trend that could continue once President-elect Donald Trump takes office, say attorneys at Sidley.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • EU's AI Act May Lead To More M&A Arbitration

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    With the EU's Artificial Intelligence Act and its stiff penalties beginning to take effect, companies acquiring AI targets should pay close attention to the provisions in the dispute resolution clauses of their deal documents, say Nelson Goh at Pallas Partners and Benjamin Qiu at EKLJ.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q4

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    In 2024's final quarter, the New York State Department of Financial Services published guidance on mitigating the rising cybersecurity risks of artificial intelligence and remote technology workers with North Korean ties, and the state attorney general launched an antitrust investigation into Capital One's proposed Discover merger, say attorneys at Haynes Boone.

  • Series

    Exercising On My Peloton Bike Makes Me A Better Lawyer

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    While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.

  • 3 Factors Affecting Retail M&A Deals In 2025

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    Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.

  • FTC Picks Augur Pro-Business Bent For Much Of Economy

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    President-elect Donald Trump's choice of two top Federal Trade Commission officials suggests a business-friendly climate for a significant portion of the U.S. economy, with noteworthy exceptions of continued scrutiny of healthcare and Big Tech companies, excluding artificial intelligence, say attorneys at BCLP.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • Opinion

    3 New Year's Resolutions For Antitrust Agencies To Consider

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    James Fredricks at Skadden rings in 2025 with his wish list for the federal antitrust agencies, starting with a provision for a presumptive safe harbor for information sharing.

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