Mergers & Acquisitions

  • August 19, 2025

    Black Hills, NorthWestern Merge In $15.4B All-Stock Deal

    Utility company Black Hills Corp., advised by Faegre Drinker Biddle & Reath LLP, on Tuesday announced plans to merge with Morgan Lewis & Bockius LLP-advised energy and infrastructure company NorthWestern Energy Group Inc. in an all-stock deal with a combined enterprise value of $15.4 billion.

  • August 18, 2025

    Colo. AG Blasts FCC's T-Mobile, Skydance Approvals

    Colorado's top law enforcer has said he's unhappy with the way the federal government has ushered through major telecom and media mergers after only locking down concessions on diversity, hiring and news coverage.

  • August 18, 2025

    Catching Up With Delaware's Chancery Court

    Executives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmaker Nikola's prospects, and class attorneys who secured a $50 million derivative suit settlement saw their proposed 25% attorney fee cut by almost half. Here's the latest from the Delaware Chancery Court.

  • August 18, 2025

    Fired DOJ Antitrust Deputy Warns Of Lobbyist Influence

    The former top deputy for the U.S. Department of Justice Antitrust Division, Roger P. Alford, defended the agency's leadership Monday while calling out a pair of senior officials and warning of the influence that lobbyists are wielding over merger reviews and other issues.

  • August 18, 2025

    Litigation Funder Burford Eyes Investments In US Law Firms

    Burford Capital LLC, the world's largest litigation funder, is eyeing an investment model to put money directly in U.S. law firms after years of investing in U.S. lawsuits, its chief development officer told Law360 Pulse.

  • August 18, 2025

    Whiteford Taylor Must Face Wire Fraud Malpractice Suit

    A Maryland federal judge has declined to toss the majority of a malpractice and gross negligence suit brought by the founder of a construction company who accused his former business partners and their shared counsel of being partially to blame for hackers stealing his $4 million share of proceeds from the sale of their business.

  • August 18, 2025

    5 Firms Guide Soho House $2.7B Take-Private Deal With MCR

    Soho House & Co. Inc. announced Monday that it has inked a take-private deal with hotel operator MCR that values the company at $2.7 billion.

  • August 18, 2025

    Weil Lands Kirkland Executive Compensation Pro In LA

    Weil Gotshal & Manges LLP is expanding its West Coast team, announcing Monday it is bringing in a Kirkland & Ellis LLP executive benefits expert as a partner in its year-old Los Angeles office.

  • August 18, 2025

    L&G, Federated Hermes Create £4.7B Property Fund

    Legal & General said on Monday that it has merged its property fund with that of U.S. investment manager Federated Hermes Ltd. to create an enlarged U.K. unit valued at £4.7 billion ($6.4 billion).

  • August 15, 2025

    NJ Watchdog Fights File Disclosure In Hospital Antitrust Suit

    The New Jersey State Commission of Investigation on Thursday challenged a federal judge's refusal to protect investigative materials that RWJBarnabas Health Inc. wants to subpoena as it defends an antitrust suit by CarePoint Health Systems Inc., arguing the ruling violates precedent giving such records the same secrecy protections as grand jury materials.

  • August 15, 2025

    Schwab Defends Antitrust Settlement From Iowa AG Objection

    The Charles Schwab Corp. has pushed back on objections raised by the Iowa attorney general and others to an investor class action settlement over its merger with TD Ameritrade, saying its plan to implement an antitrust compliance program, among other things, "offers real value to the class." 

  • August 15, 2025

    Advent Eyes U-Blox Takeover At Potential $1.2B Valuation

    Swiss semiconductor company U-blox Holding confirmed Friday that it is in negotiations with private equity firm Advent International for a potential takeover, after earlier reports revealed that the potential deal could value the company at around $1.2 billion. 

  • August 15, 2025

    Twitter Investor Cites New Del. Backing For Musk Suit Reboot

    A Twitter investor who lost a suit for damages after selling his shares when Elon Musk briefly balked at closing on his buyout of the social media giant has asked Delaware's Court of Chancery to reconsider, citing an agency document that purportedly contradicts Musk's defenses.

  • August 15, 2025

    Kirkland Guides Latest Purchase For PE-Backed Pet Food Co.

    Kirkland & Ellis LLP is advising Inspired Pet Nutrition on another pet food acquisition as the U.K.-based company enters exclusive negotiations to purchase Ultra Premium Direct, a French online pet food retailer, from private equity firm Eurazeo.

  • August 15, 2025

    Taxation With Representation: Wachtell, Cooley, Sullivan

    In this week's Taxation With Representation, the NBA signs off on the sale of the Boston Celtics, Gildan Activewear acquires HanesBrands, private equity shop Advent International buys insurance software firm Sapiens, and financial software provider MeridianLink goes private via its acquisition by Centerbridge Partners.

  • August 15, 2025

    Yellow Corp. Seeks OK For $16M In Real Estate Sales

    Trucking company Yellow Corp. asked a Delaware bankruptcy judge to approve the sale of three of its remaining truck depots for a total of just over $16 million.

  • August 15, 2025

    PE Biz Says £184M Bid For Energy Adviser On Track

    U.S. private equity shop HGGC said Friday that its £183.6 million ($249 million) bid to buy Inspired PLC is now legally and contractually clear to continue, after enough shareholders of the energy and sustainability consultant accepted the offer.

  • August 14, 2025

    Cadwalader Corporate Head Exits To McDermott After 40 Years

    Ira Schacter, a senior partner at Cadwalader Wickersham & Taft LLP, is leaving the firm after 40 years to lead a new section of newly merged McDermott Will & Schulte's transactions practice that will counsel clients where private equity, insurance and financial services matters meet, McDermott confirmed Thursday.

  • August 14, 2025

    Duke Energy Seeks To Merge 2 Carolinas Utilities

    Charlotte-based Duke Energy said Thursday that it is asking state and federal regulators to approve a merger that would combine its two subsidiary electric utilities serving the Carolinas, touting the plan as a cost-saver and natural progression of its fusion with Progress Energy more than a decade ago.

  • August 14, 2025

    NBA Signs Off On $6B Sale Of Celtics

    The National Basketball Association board of governors approved the sale of the controlling interests in the Boston Celtics to an investor group led by private equity firm co-founder Bill Chisholm, with the valuation of the club estimated at $6.1 billion.

  • August 14, 2025

    Bob's Discount Furniture Could Go Public, And Other Rumors

    Bob's Discount Furniture may boast about its "Oh My Bob" low prices in TV ads, but the retailer's quirky marketing and expanding e-commerce have helped boost sales to roughly $2 billion last year — a performance that a Wall Street Journal report said could support a $1 billion IPO.

  • August 14, 2025

    HCA Settles Antitrust Claims Over Mission Health Contracts

    HCA Healthcare Inc. has made several commitments for the operation of its Mission Health hospital system in North Carolina and also agreed to establish a $1 million charity fund to settle claims from municipalities that it used contractual terms to thwart competition and raise prices.

  • August 14, 2025

    Aerospace Tech Biz Valued At $800M Following SPAC Merger

    Merlin, an autonomous flight technology company for the defense industry, on Thursday announced plans to go public via a merger with special purpose acquisition company Bleichroeder Acquisition Corp. I in a deal that was built by three law firms and would value the aerospace company at $800 million.

  • August 14, 2025

    Eli Lilly To Put $1.3B Into Obesity-Focused Medicine Biz

    Venture and private equity-backed drug discovery company Superluminal Medicines announced a partnership Thursday with pharmaceutical giant Eli Lilly & Co., which will see Superluminal receiving up to $1.3 billion to help advance cardiometabolic and obesity-related medicines.

  • August 14, 2025

    HSF Kramer-Led Unite Bids £723M For Gowling-Led Rival

    Student accommodation developer Unite Students said Thursday that it has agreed to acquire its rival Empiric Student Property PLC for approximately £723 million ($982 million) to create a student housing giant with a £10.5 billion combined portfolio.

Expert Analysis

  • 3 Del. Bankruptcy Cases Highlight US Trustee Objections

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    As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Series

    Adapting To Private Practice: From SEC To BigLaw

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    As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.

  • China High Court Ruling Could Encourage Antitrust Litigation

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    Practitioners defending U.S. companies in China should take note of a Chinese Supreme Court ruling that plaintiffs can file suits based on either where the alleged action, or where the result of such action, occurred — which will promote civil litigation by minimizing procedural battles over forum selection, says Yang Yang at Leaqual Law Firm.

  • Making The Case For Rest In The Legal Profession

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    For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

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    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Preparing For Disruptions To Life Sciences Supply Chains

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    Life sciences companies must assess how new and escalating tariffs — combined with other restrictions on cross-border activity singling out pharmaceutical products and medical devices — will affect supply chains, and they should proactively prepare for antitrust and foreign direct investment regulatory review processes, say attorneys at Weil.

  • Mastering The Fundamentals Of Life Sciences Due Diligence

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    As life sciences transactions continue to gain tremendous momentum, companies participating in these transactions must conduct effective and strategic regulatory due diligence, which involves extensive amounts of information and varies by manifold factors, says Anna Zhao at GunnerCooke.

  • A Close-Up Look At DOJ's Challenge To HPE-Juniper Deal

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    The outcome of the Justice Department's challenge to Hewlett Packard Enterprise's proposed $14 billion acquisition of Juniper Networks will likely hinge on several key issues, including market dynamics and shares, internal documents, and questions about innovation and customer harm, say attorneys at McDermott.

  • 5 Merger Deal Considerations In Light Of The New HSR Rules

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    Now that the new Hart-Scott-Rodino Act rules are in effect, current priorities include earlier preparation for merging parties, certain confidentiality covenants, and key elements of letters of intent and term sheets, say attorneys at Fried Frank.

  • What FERC Scrutiny Of Directors, Assets Means For Investors

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    The Federal Energy Regulatory Commission has recently paid dramatically increased attention to appointments of power company directors by investors, and ownership of vertical assets that provide inputs for electric power production and sale — so investors in FERC-regulated entities should be paying more attention to these matters as well, say attorneys at Day Pitney.

  • Opinion

    Antitrust Analysis In Iowa Pathologist Case Misses The Mark

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    An Iowa federal court erred in its recent decision in Goldfinch Laboratory v. Iowa Pathology Associates by focusing exclusively on market impacts and sidestepping key questions that should be central to antitrust standing analysis, says Daniel Graulich at Baker McKenzie.

  • Anticipating Calif. Oversight Of PE Participation In Healthcare

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    A new bill recently introduced in the California Senate revives last year's attempt to increase oversight of healthcare transactions involving private equity groups and hedge funds, meaning that attorneys may soon need to assess the compliance status of existing management relationships and consider modifying contract terms, says Andrew Demetriou at Husch Blackwell.

  • When Reincorporation Out Of Del. Isn't A Good Idea

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    While recent high-profile corporate moves out of Delaware have prompted discussion about the benefits of incorporation elsewhere, for many, remaining in the First State may be the right decision due to its deep body of business law, tradition of nonjury trials and other factors, say attorneys at Goodwin.

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