Mergers & Acquisitions

  • August 10, 2021

    Chancery Lets Dell Stockholders Add Goldman Sachs To Suit

    Delaware's Chancery Court has allowed investors to add Goldman Sachs & Co. LLC to a suit seeking billions in damages arising from a $23.9 billion conversion of Dell Technologies Inc. stock, with Goldman accused of aiding and abetting an allegedly coercive and underpriced deal.

  • August 10, 2021

    UK Watchdog Clears ATM Giants' Merger With No Conditions

    Britain's competition watchdog signed off Tuesday on NCR Corp.'s $2.5 billion takeover of the world's largest nonbank ATM operator without putting any conditions on the merger.

  • August 10, 2021

    Trump's WeChat Suit Is Officially Over

    A Trump-era battle to limit the domestic use of popular Chinese-owned messaging app WeChat officially ended with the Ninth Circuit's dismissal of a lawsuit that claimed the service presented national security threats.

  • August 10, 2021

    Canadian Pacific Says New $31B KCS Bid Bests Railway Rival

    Canadian Pacific on Tuesday launched an updated offer for Kansas City Southern that gives the hotly sought after railway operator a $31 billion enterprise value, saying it believes its bid tops that of interloper Canadian National because it offers greater regulatory certainty.

  • August 10, 2021

    EU Clears €2.5B Allianz, Santander Deal For Aviva Poland

    The European Commission has waved through Allianz and Santander Bank's €2.5 billion ($2.9 billion) acquisition of Aviva's Polish companies after finding that the proposed transactions wouldn't hinder competition in the bloc's insurance markets.

  • August 09, 2021

    Judge Rebukes Limetree Bay DIP For Cutting $10M From Offer

    The debtor-in-possession lender for oil refinery Limetree Bay Refining on Monday restored a $10 million cut to its financing offer after being chided by a Texas bankruptcy judge for not coming to him first with complaints about lack of information on the plant's value.

  • August 09, 2021

    Clarivate's $5.3B ProQuest Buy Delayed Under FTC Scrutiny

    Clarivate PLC said Monday it was pushing back the deadline for its planned $5.3 billion buyout of ProQuest because of an in-depth Federal Trade Commission probe and will rework part of the deal's financing as a result of the delay.

  • August 09, 2021

    The IPO Market Is Finally Taking A Breather

    The pace of initial public offerings appears to be taking a summer break, as several delayed IPOs and disappointing debuts have thrown cold water on a once-sizzling market, though experts expect new issuances will rebound after Labor Day.

  • August 09, 2021

    Class Wants Goldman Named In $24B Dell Stock Swap Suit

    Class attorneys seeking to recover billions for stockholders after an allegedly low-balled, $23.9 billion swap of special Dell Technologies Inc. stock in 2018 have asked Chancery Court to add Goldman Sachs & Co. LLC as defendants for aiding and abetting the allegedly tilted deal.

  • August 09, 2021

    FTC Wants More Info On AbbVie's $550M Device Deal

    The Federal Trade Commission has requested more information about AbbVie's planned $550 million purchase of Soliton, a Houston-based company that makes medical devices for the treatment of cellulite and to aid in tattoo removal.

  • August 09, 2021

    DraftKings Grabs Golden Nugget Online Gaming For $1.56B

    Fantasy sports and gambling giant DraftKings Inc. said Monday it will buy Golden Nugget Online Gaming Inc. for about $1.56 billion in an all-stock deal guided by Sullivan & Cromwell and White & Case.

  • August 09, 2021

    Pomerantz, Robbins Geller Ask to Lead E-Cig Investor Suit

    A proposed class of investors who sued tobacco company Altria and vaping company Juul over claims they knowingly marketed to underage consumers has asked a Virginia federal judge for class certification and approval of Pomerantz LLP and Robbins Geller Rudman & Dowd LLP as class counsel.

  • August 09, 2021

    DOJ Concerned About T-Mobile's Planned Network Shutdown

    The U.S. Department of Justice has sent letters to T-Mobile and Dish raising concerns that the planned shutdown of a legacy T-Mobile network could leave the mobile phone customers Dish acquired from Sprint without service.

  • August 09, 2021

    UK Takeover Panel Sets Auction For £1B Inhaler Co. Vectura

    The U.K.'s regulatory panel responsible for mergers and acquisitions said Monday Philip Morris and a Carlyle-led consortium will have the chance to go head-to-head in an auction for Vectura Group that could value the British inhaler maker at £1.02 billion ($1.42 billion) or more.

  • August 09, 2021

    Jeld-Wen Gets Adviser Info Shielded In Door Factory Sale

    A doormaker shouldn't receive early notice of who will serve as advisers to the divestiture of a Pennsylvania factory as part of a landmark antitrust verdict, a Virginia federal judge has ruled, agreeing with a special master's request to waive a provision requiring him to share the information.

  • August 09, 2021

    Yoga Exec Says Buyer Bound To Close $30M Deal In Del. Trial

    A principal with a yoga studio chain that sued last year after its franchise owner refused to close on a nearly $30 million agreement to buy 34 clubs told a Delaware vice chancellor Monday the deal called for a closing regardless of events — including a pandemic.

  • August 09, 2021

    3 Firms Lead Brookfield Unit's $5.1B American National Buy

    Brookfield Asset Management Reinsurance Partners Ltd. said Monday that it plans to buy Texas-headquartered insurer American National Group through a $5.1 billion deal steered by three law firms.

  • August 09, 2021

    Circle Floats Bank Charter To Bolster Key Fintech Services

    Circle, the company behind a popular digital token linked to the U.S. dollar, said in a regulatory filing that it was considering pushing for a national bank charter as a way to move some of its payment processing services in-house.

  • August 09, 2021

    Court Asked To Bar Atty From Testifying In Straight Path Case

    Counsel for investors suing in connection with Verizon's $3.1 billion purchase of Straight Path Communications have asked the Delaware Chancery Court to bar a defense attorney from testifying at trial, opposing a recent defense filing that said he may be called on to offer rebuttal testimony.

  • August 09, 2021

    Canadian Watchdog Probes Wireless Cos.' $21B Merger Plan

    Canada's competition agency says it will deepen an investigation into the possible effects on telecom markets from the planned $21.34 billion merger of two mobile communications providers.

  • August 09, 2021

    5 Firms Guide Blackstone's $3.1B Toronto REIT Buy

    A real estate investment trust affiliated with Blackstone will buy logistics-focused WPT Industrial Real Estate Investment Trust of Toronto through a $3.1 billion deal including debt, guided by five law firms.

  • August 09, 2021

    Weil, Graubard Miller Lead Leafly's $385M SPAC Deal

    Cannabis e-commerce and news site Leafly announced Monday it will go public after merging with a special purpose acquisition company at a $385 million enterprise value in a deal guided by Weil Gotshal & Manges LLP and Graubard Miller.

  • August 09, 2021

    Freshfields-Led JV Inks $4.53B Deal For Poultry Producer

    A joint venture between food and agriculture companies Cargill and Continental Grain, led by Freshfields, has agreed to buy poultry producer Sanderson Farms for $4.53 billion, the companies said Monday, in an agreement that also features law firms Gibson Dunn, Wachtell Lipton, Fishman Haygood and Paul Weiss.

  • August 06, 2021

    Amazon Wins Round In India Over Future Retail Deal

    India's highest court on Friday dealt a win to Amazon.com in a dispute that pitted two of the world's wealthiest men against each other, enforcing an emergency arbitral award that put on hold a deal involving one of India's largest brick and mortar retailers.

  • August 06, 2021

    Suppliers Dispute Pipeline Foods' Ch. 11 Cash Protections

    An unsecured creditor committee representing large numbers of farms objected Friday to bankrupt organic goods supplier Pipeline Foods' Chapter 11 protections for top lenders without assuring that grain deliveries made just before the company's Chapter 11 plan began get priority administrative payment status.

Expert Analysis

  • Opinion

    Punishing Bar Exam Policies On Menstrual Products Must Go

    Author Photo

    Law graduates across the states are sitting for the grueling two-day bar exam this week despite menstruation-related barriers, such as inadequate menstrual product and bathroom access, which could be eradicated with simple policy tweaks, say law professors Elizabeth Cooper, Margaret Johnson and Marcy Karin.

  • Tax Takeaways From India's Proposed Budget

    Author Photo

    Consultants at Deloitte discuss the tax implications of India's latest budget proposals, including the potential benefits for foreign portfolio investors and offshore funds migrating to India's new international financial services center, and the possible rise of M&A costs.

  • Transaction Toolkit For A More Litigious M&A Environment

    Author Photo

    As transaction disputes rise amid evolving market conditions, certain strategies can help companies mitigate risk while remaining live to M&A opportunities, say attorneys at Freshfields.

  • It's Time For Law Firms To Start Loving And Leveraging Data

    Author Photo

    The volume and diversity of data managed by law firms today — from client files to internal financial records — may seem daunting, but when properly organized, good data can help practitioners stay competitive by providing sharper insight into firm resources and cost of work, say Jaron Luttich and Barry Wiggins at Element Standard.

  • Keys To Protecting Clients During Law Firm Dissolution

    Author Photo

    Whether a law firm dissolution is amicable or adversarial, departing attorneys should take steps to maintain their legal and ethical responsibilities toward clients, and beware client confidentiality pitfalls when joining new firms, say John Schmidt and Colin Fitzgerald at Phillips Lytle.

  • How Case Management Orders Can Support New Attorneys

    Author Photo

    Courts are leading the way in ensuring oral argument opportunities for newer attorneys by incorporating innovative language in a variety of orders, and private parties can and should follow suit by incorporating similar language into case management orders, say Megan Jones and Halli Spraggins at Hausfeld.

  • An In-House Counsel's Guide To Better Work Management

    Author Photo

    Amid economic uncertainty and increasing pressure on corporate legal departments to do more with less, work management processes should be aimed at tracking legal teams' every contribution, including routine matters that can be reallocated to nonlegal staff, says Aaron Pierce at LexisNexis CounselLink.

  • A Look Under The Hood Of Independent Sponsorship In M&A

    Author Photo

    As independent sponsors raise their profile in low- to middle-market M&A transactions, it's important to note the economics of these down-market deals, which offer greater potential returns that many institutional investors cannot — or do not seek to — source on their own, say attorneys at Moore & Van Allen.

  • When Mergers Create D&O Insurance Complications

    Author Photo

    A Delaware state court's recent decision in Northrop Grumman v. Zurich illustrates some of the pitfalls and disputes that commonly arise when companies with competing directors and officers insurance policies merge, says Sam Ballingrud at Sherman & Howard.

  • A Changing Health Insurance Antitrust Landscape

    Author Photo

    The newly passed Competitive Health Insurance Reform Act only removes some limited antitrust immunities for health insurers, but could foreshadow new aggressiveness from government enforcers and private litigants to challenge insurance industry practices, say Adam Biegel and Matthew Dowell at Alston & Bird.

  • Avoiding Materially Adverse Conflicts After New ABA Opinion

    Author Photo

    The American Bar Association's recent guidance on what constitutes materially adverse interests between clients makes clear that lawyers should not take comfort in a current representation just because a former client is not on the opposite side of the v., and those hoping to avoid disqualification should consider five steps, says Hilary Gerzhoy at Harris Wiltshire.

  • Rebuttal

    US Legal System Can Benefit From Nonlawyer Ownership

    Author Photo

    Contrary to claims made in a recent Law360 guest article, nonlawyer ownership has incrementally improved the England and Wales legal system — with more innovation and more opportunities for lawyers — and there is no reason why those outcomes cannot also be achieved in the U.S., say Crispin Passmore at Passmore Consulting and Zachariah DeMeola at the University of Denver.

  • Analyzing Illegality Defense Trend In Investor-State Arbitration

    Author Photo

    Cairn Energy v. India, a recent Permanent Court of Arbitration case, highlights the growing trend of states alleging illegal investor conduct to challenge tribunal jurisdiction or investor claim admissibility, say Caline Mouawad at Chaffetz Lindsey and Jessica Beess und Chrostin at Covington.

  • Assessing Damages Theories In Recent Trade Secret Verdicts

    Author Photo

    Comparing different damages theories and verdicts in two recent trade secret decisions, Ajaxo v. E-Trade in California state court and Syntel v. TriZetto in New York federal court, offers insight for litigators developing case filing and risk management strategies, say Daniel McGavock and Robert Goldman at Charles River.

  • Key Deliverables For SPAC Parties Amid Growth Trend

    Author Photo

    With special purpose acquisition company activity already outpacing 2020's SPAC initial public offerings across a widening range of targets, transaction participants finding themselves on a steep learning curve should consider several important deliverables and their related timing to complete SPAC business combinations, says Josh DuClos at Sidley.

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!