Mergers & Acquisitions

  • August 18, 2021

    Pot Delivery Co. Eaze To Acquire Retailer Green Dragon

    Cannabis delivery marketplace Eaze will acquire multistate cannabis retailer Green Dragon and provide service to customers in Colorado, Florida, Michigan and California, according to an announcement issued by the companies Wednesday.  

  • August 18, 2021

    Axon Gets More Support For High Court FTC Challenge

    A pair of free market interest groups told the U.S. Supreme Court that police body camera maker Axon Enterprise Inc. should be able to take its challenge of the Federal Trade Commission's structure and authority directly to federal court.

  • August 18, 2021

    CME Denies Rumored $16B Cboe Takeover Bid

    Futures trading giant CME Group Inc. firmly rejected rumors Wednesday that it is in discussions to acquire rival Cboe Global Markets Inc., refuting a report that it approached the exchange operator about a potential $16 billion takeover.

  • August 18, 2021

    FTC Merger Warning Letters Seen As Largely Superficial

    The Federal Trade Commission's recent revision to merger review procedures threatens companies with post-closing challenges, but the move may lack the teeth needed to have a practical impact, experts say.

  • August 18, 2021

    $70M Innogy Wind Farm Suit Trimmed By NY Judge

    A New York federal judge kept alive a suit claiming that Innogy wrongly conspired to withhold $70 million worth of tax credits by taking advantage of COVID-19-related deadline leniency for a wind project, but trimmed several claims from the case. 

  • August 18, 2021

    Green Fintech Startup To Merge With SPAC In $2B Deal

    Aspiration Inc., a fintech company that aims to help lower customers' carbon footprints, said Wednesday it will go public through a merger with a special-purpose acquisition company that values it at $2.3 billion steered by Latham & Watkins.

  • August 18, 2021

    Sidley, Loeb Steer SPAC Deal For $3B Specialty Auto Insurer

    Specialty auto insurance provider Hagerty, counseled by Sidley Austin, will go public at a roughly $3.13 billion valuation by merging with a Loeb & Loeb-advised special purpose acquisition vehicle backed by private equity firm Aldel Capital, the companies said Wednesday.

  • August 17, 2021

    Tilray Eyes US Expansion With 'Game-Changing' MedMen Deal

    Canadian cannabis giant Tilray and U.S. cannabis retailer MedMen announced Tuesday that they had entered into what company principals described as a "game-changing" transaction that could pave the way for Tilray to dominate the U.S. marijuana market pending federal legalization.

  • August 17, 2021

    SEC Sues Exec For Trading On 2016 Pfizer Merger News

    The U.S. Securities and Exchange Commission filed an insider trading case Tuesday that claims a former Medivation Inc. executive bought stock options in a rival biopharmaceutical company "within minutes" of learning his own company was being acquired by Pfizer Inc.

  • August 17, 2021

    Basic Energy Enters Ch. 11 To Sell Oil & Gas, Water Assets

    Oil field services company Basic Energy Services Inc. filed for Chapter 11 protection Tuesday in Texas with more than $500 million in debt, telling the court it has plans to sell its assets for a combined total of $75 million to three companies.

  • August 17, 2021

    Investors Allege Ackman's SPAC Dodged Registration Rules

    Investors sued hedge fund giant Bill Ackman's special purpose acquisition company in federal court Tuesday, alleging the massive SPAC avoided registering as an investment company in order to illegally compensate insiders through securities on generous terms unavailable to the public.

  • August 17, 2021

    How The Texas Winter Storm Has Affected Power Contracts

    When Winter Storm Uri sent Texas energy markets into a spiral six months ago, it also set off lasting changes in how energy producers and financiers structure power hedges and negotiate around potentially calamitous weather events.

  • August 17, 2021

    Chancery Dismisses Challenge To $2.8B Genomic Health Sale

    The Chancery Court has dismissed all claims in a stockholder suit alleging multiple conflicts and breaches of duty in Genomic Health Inc.'s $2.8 billion cash and stock sale to Exact Sciences Corp. in 2019, in a ruling late Friday that cited multiple flaws in the six-claim action.

  • August 17, 2021

    3 Firms Rep As Black & Decker Inks $1.6B Outdoor Biz Buy

    Stanley Black & Decker, advised by Cravath and Axinn Veltrop, will pay $1.6 billion in cash to acquire the remaining 80% stake in BakerHostetler-led outdoor power equipment manufacturer MTD that it does not already own, the companies said Tuesday.

  • August 17, 2021

    McDermott Adds 3 Energy Deal Pros In NY, Houston Offices

    McDermott Will & Emery LLP has added two former Jones Day energy-focused partners to its New York office and a former general counsel from an energy investment fund to its Houston outpost, continuing its hiring spree of transaction attorneys, the firm announced Tuesday.

  • August 17, 2021

    These Law Firms Have The Most Diverse Equity Partnerships

    After years of professing an unwavering dedication to promoting diversity in the legal industry, law firms have made only modest progress, particularly in their equity partnerships. But a handful of law firms are taking demonstrable steps to turn long-standing goals into realities.

  • August 17, 2021

    Risk Analytics Co., SPAC Call Off $1.4B Merger

    Risk analytics provider QOMPLX will no longer go public through a $1.4 billion combination with a special-purpose acquisition company, the pair said Tuesday, attributing the move to "market conditions."

  • August 17, 2021

    Woodside, BHP Merge Oil And Gas Units To Create $29B Biz

    Woodside Petroleum will merge its oil and gas portfolio with that of mining giant BHP Group in a transaction that stands to create an Australian energy player valued at roughly AU$40 billion ($29 billion), the companies said Tuesday, with help from King & Wood, Vinson & Elkins and Herbert Smith Freehills.

  • August 17, 2021

    KKR Sells US Warehouse Portfolio In $2.2B Deal With Oxford

    New York-based private equity giant KKR, advised by Kirkland & Ellis, plans to sell a portfolio of industrial warehouses in the U.S. featuring about 14.5 million square feet of space to Canada's Oxford Properties for roughly $2.2 billion, the companies said Tuesday.

  • August 16, 2021

    Biotech Says Celgene-BMS Deal Threatens Drug Development

    A biotechnology company fighting to avoid selling a psoriasis drug that's in development to Celgene, citing Bristol-Myers Squibb's $74 billion acquisition of the drugmaker and BMS' own competing treatment, invoked the Federal Trade Commission's outvoted Democrats in a New York federal court complaint on Friday.

  • August 16, 2021

    Tim Hortons China Valued At $1.7B In Planned SPAC Merger

    A special purpose acquisition company backed by China-focused private equity firm Ascendent Capital Partners plans to acquire Tim Hortons China in a deal that values the coffee retailer at $1.69 billion, according to securities filings Monday.

  • August 16, 2021

    Ayr Wellness Will Buy Pot-Infused Seltzer Co. For Up To $60M

    Multistate cannabis operator Ayr Wellness Inc. announced Monday that it plans to acquire the company behind Levia branded cannabis-infused seltzers and water-soluble tinctures in a $20 million cash and stock deal with an earnout of up to an additional $40 million.

  • August 16, 2021

    India Asks US Court To Toss Cairn's $1.2B Arb. Award Suit

    The government of India said its sovereign immunity required a Washington, D.C., federal court to toss a suit by Britain's Cairn Energy seeking enforcement of a $1.2 billion arbitral award to the company over a retroactively applied capital gains tax.

  • August 16, 2021

    Equity Commonwealth Reworks $3B Offer After Starwood Bid

    Equity Commonwealth on Monday modified its planned takeover of fellow real estate investment trust Monmouth, with hopes that the revised $3.4 billion deal satisfies shareholders and fends off advances from a competing suitor.

  • August 16, 2021

    4 Firms Guide Village Farms' $75M Buy Of CBD Company

    Canada-based grocery store produce supplier Village Farms International Inc. has acquired CBD company Balanced Health Botanicals in a $75 million deal, the companies announced Monday.

Expert Analysis

  • Can Antitrust Enforcement Be A Tool For Racial Equity?

    Author Photo

    Recent executive branch developments suggest that acting Federal Trade Commission Chairwoman Rebecca Slaughter's anti-racism prescription for antitrust enforcement may be influential, but there is an open question of whether efforts to achieve racial equity will be limited absent significant legislative reforms, says Rosa Morales at Crowell & Moring.

  • A Uniform Mediation Act Primer As States Continue Adoption

    Author Photo

    With Georgia expected to soon become the 13th jurisdiction to adopt the Uniform Mediation Act and with more states likely to follow suit amid widespread trial delays, practitioners should familiarize themselves with the act's conflict disclosure requirements and the boundaries of its confidentiality provisions, says Richard Mason at MasonADR.

  • Why SPACs Should Consider Captive Insurance

    Author Photo

    With the growing popularity of special purpose acquisition companies and the rising costs and challenges of acquiring directors and officers insurance, captive insurance could provide several benefits for SPACs seeking to protect against shareholder lawsuits, say Jeffrey Raskin and Lauren Burke at Morgan Lewis.

  • Safeguarding Privileged Communications In A Remote World

    Author Photo

    With the pandemic ushering in remote collaboration tools, counsel must revisit fundamentals of the attorney-client privilege and the work-product doctrine, study cases involving email and other recent technologies, and follow 10 best practices to protect confidentiality, say attorneys at DLA Piper.

  • How To Meet CFIUS Expectations On Chinese Investment

    Author Photo

    Under President Joe Biden, U.S. government scrutiny of Chinese investment is likely to remain rigorous and have a significant impact on deal return on investment, so deal strategy should include a four-step proactive approach to the Committee on Foreign Investment in the United States review process, say Scott Boylan and Paul Stephen at StoneTurn.

  • 4 Areas Of Cyberattack Vulnerability For Law Firms

    Author Photo

    Recent data breaches involving Goodwin and Jones Day show that cyberattacks are very real threats to the legal profession, especially in the era of remote work, so law firms should revisit common business practices that expose them to unnecessary risks, says Ara Aslanian at Inverselogic.

  • How To Help Your Witnesses Overcome Hindsight Bias

    Author Photo

    Witnesses facing tricky questions from opposing counsel often find themselves engaging in hindsight bias, when they use present knowledge to second-guess past actions, but these problematic thought processes can be overcome during deposition or trial preparation through tough questions and some catharsis, says Merrie Jo Pitera at Litigation Insights.

  • NJ 'Reply All' Ethics Opinion Brings New Pitfalls For Attorneys

    Author Photo

    While a recent New Jersey ethics opinion rightly concluded that an attorney cannot claim an ethics violation when opposing counsel replies all to a group email including clients, it runs counter to stances taken by other states and presents new dangers of confidentiality breaches and unfiltered messages to opposing parties, says Roger Plawker at Pashman Stein.

  • Series

    Judging A Book: Bibas Reviews Rakoff's 'Why The Innocent Plead Guilty'

    Author Photo

    In "Why the Innocent Plead Guilty and the Guilty Go Free,” U.S. District Judge Jed Rakoff catalogues the many ways our criminal justice system is broken, and in doing so, gives the public an intimate look into the thoughts, reasoning and personal experiences of a renowned federal judge, says Third Circuit Judge Stephanos Bibas.

  • 6 CFIUS Considerations For De-SPAC Transactions

    Author Photo

    As financial regulators increase scrutiny on special purpose acquisition companies, SPAC sponsors and their prospective targets need to be aware that the merger following the initial public offering — the de-SPAC — may be subject to the Committee on Foreign Investment in the United States' jurisdiction and may even trigger a mandatory filing, say attorneys at Kirkland.

  • For Law Firm Digital Marketing, Less Is Sometimes More

    Author Photo

    Attorneys and law firms often look to cast the widest net possible and maximize online impressions, when they should be focusing their digital marketing efforts on fewer, better-qualified prospects, says Guy Alvarez at Good2BSocial.

  • Opinion

    FTC Should Have Global Antitrust Regulatory Aspirations

    Author Photo

    A recent Federal Trade Commission report on its enforcement role suffers from a striking lack of ambition, when the agency should be pushing for legally binding global rules that bring coherence and order to international competition law, says Aurelien Portuese at the Information Technology and Innovation Foundation.

  • Cos. Buying Nascent Rivals Should Beware Antitrust Scrutiny

    Author Photo

    Recent federal antitrust enforcement actions that halted Visa's purchase of Plaid and Procter & Gamble's acquisition of Billie should serve as a warning that companies in all sectors can expect close scrutiny of deals involving nascent competitors, and regulatory emphasis that extends beyond market shares and market concentration, says Jessica Michaels at Mayer Brown.

  • Fla. Tobacco Settlement Ruling Offers Caution On Contracts

    Author Photo

    The Florida Supreme Court's recent ruling that R.J. Reynolds must continue tobacco settlement payments to the state, despite having sold the cigarette brands at issue, is a warning to settling parties that their agreements will be strictly construed, say Agustin Rodriguez and Dascher Pasco at Troutman Pepper.

  • Strategies For Fighting Back Against A Rambo Litigator

    Author Photo

    If your opposing counsel is a so-called Rambo litigator, there are ways to turn their scorched-earth litigation tactics and ad hominem attacks into assets that favor your client, says Margeaux Thomas at Thomas Law.

Want to publish in Law360?


Submit an idea
Can't find the article you're looking for? Click here to search the Mergers & Acquisitions archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!