Mergers & Acquisitions

  • July 26, 2021

    Solarisbank Eyes Expansion With Fintech Merger And $224M

    German banking-as-a-service platform Solarisbank said Monday it raised €190 million ($224 million) in financing and will combine with fellow European banking platform Contis to create "a pan-European banking-as-a-service champion."

  • July 26, 2021

    Goodwin, Kirkland Rep $3B Sale Of Power Transmission Unit

    Kirkland-led ABB said Monday it was selling its mechanical power transmission unit Dodge to Goodwin-guided RBC Bearings Inc. for $2.9 billion in cash.

  • July 26, 2021

    SEC Says Driver Shared Stock Tips From Overheard M&A Talk

    A pair of Texans must pay nearly $100,000 to the U.S. Securities and Exchange Commission after the federal regulator accused them of insider trading, alleging one of them tipped his co-workers after hearing his boss talking about a proposed acquisition of another company in 2018.

  • July 26, 2021

    Dana Gas Wins Arbitration Over Canceled Egypt Asset Sale

    The London Court of Arbitration has handed United Arab Emirates gas company Dana Gas PJSC a win against an IPR Energy Group subsidiary over a canceled onshore oil and gas asset sale that was expected to be worth $236 million.

  • July 26, 2021

    Chancery Denies Fast Track For Iconix Tender Offer Suit

    Delaware's chancellor on Monday denied a proposed class request to fast-track a preliminary injunction bid targeting Iconix Brand Group Inc.'s proposed $585 million go-private acquisition by Lancer Capital LLC, rejecting arguments that the deal violated corporate anti-takeover provisions.

  • July 26, 2021

    O'Melveny Adds Ex-Wilson Sonsini M&A Pro In Silicon Valley

    O'Melveny & Myers LLP announced Monday it has added a mergers and acquisitions attorney who previously worked more than 23 years at Wilson Sonsini Goodrich & Rosati PC as a partner in its Silicon Valley office.

  • July 26, 2021

    Dykema Adds Ex-Exall Corporate Atty In Dallas

    Dykema Gossett PLLC has added a corporate attorney previously with Exall Legal Advisors PLLC who specializes in transactions as senior counsel in its Dallas office, the firm announced.

  • July 26, 2021

    3 Firms Sculpt PerkinElmer's $5.25B Buy Of Life Sciences Co.

    Scientific instrument maker PerkinElmer will pay about $5.25 billion to pick up BioLegend, which provides reagents and antibodies for use in areas including immunology and neuroscience, in a deal shaped by three law firms, the companies said Monday.

  • July 26, 2021

    Wilson Sonsini, Kirkland Guide PE Firm's $6.4B Medallia Buy

    Private equity shop Thoma Bravo, led by Kirkland & Ellis, will pay roughly $6.4 billion to take Wilson Sonsini-represented Medallia private, in a deal announced Monday that comes just over two years after the consumer analytics company went public.

  • July 26, 2021

    The Law360 400: Tracking The Largest US Law Firms

    As much of the U.S. emerges from the worst of the coronavirus pandemic that upended the world last year, law firms are taking stock of how much their business and their bench strength were affected by the unprecedented pressures of a global health crisis.

  • July 26, 2021

    Where Have All The Associates Gone?

    Nonpartner attorney headcounts declined slightly across the Law360 400 last year amid the pandemic, leaving many law firms scrambling for associate talent that seems to be evaporating even as many firms see an uptick in work.

  • July 26, 2021

    Aon, Willis Pull Plug On $30B Merger Plan After DOJ Probe

    Insurance brokers Aon PLC and Willis Towers Watson said on Monday that they will withdraw from a $30 billion mega-merger in the face of the U.S. Department of Justice's antitrust challenge to the transaction.

  • July 23, 2021

    FTC Given Extra Time To File Amended Facebook Complaint

    A D.C. federal court granted the Federal Trade Commission three additional weeks to file its amended monopoly complaint against Facebook Inc., following an FTC extension bid that was not opposed by the social media giant.

  • July 23, 2021

    Pot Co. Moxie's Investors Sue After IPO Plans Bite The Dust

    A group of overseas investment funds has alleged in a Los Angeles state court contract breach suit that multistate marijuana company Moxie owes them and other investors more than $35 million after the company failed to go public by a May 2021 deadline.

  • July 23, 2021

    Air Taxi Startup Beats 'Catastrophic' IP Injunction

    An air taxi startup avoided a "potentially catastrophic" blow to its $3.8 billion deal with a special purpose acquisition company after a California federal judge refused to grant an injunction in its intellectual property battle with a Boeing-backed rival.

  • July 23, 2021

    Tesla Stock Gains Flagged As Missing Point In Chancery Trial

    Testimony on Tesla's "meteoric" stock price increase after its more than $2 billion acquisition of rooftop solar company SolarCity Corp. in 2016 drew an objection Friday in a Delaware Chancery stockholder suit seeking damages from CEO Elon Musk for his allegedly conflicted role.

  • July 23, 2021

    Digital Ad Co. Grabs $160M In IPO After Merger's Demise

    Digital advertising company Outbrain raised $160 million in an initial public offering before kicking off trading Friday, in a debut that came the same day that its former suitor unveiled a new target.

  • July 23, 2021

    €17.8B German Real Estate Merger 'Likely Not Successful'

    Deutsche Wohnen SE said Friday that its planned €17.8 billion ($21 billion) sale to fellow German real estate group Vonovia SE was "likely not successful" after a lackluster response from its shareholders.

  • July 23, 2021

    Axon Wants High Court To Review Challenge Of FTC Authority

    Police body cam maker Axon Enterprise Inc. has asked the U.S. Supreme Court to take up its constitutional challenge of the Federal Trade Commission's structure and authority as the company continues trying to escape an enforcement action over a completed merger.

  • July 23, 2021

    SPAC Backed By Indicted Ex-Trump Adviser Pulls IPO Plans

    Special purpose acquisition company Falcon Peak withdrew initial public offering plans Friday after one of its backers, an adviser to former President Donald Trump, was indicted earlier in the week.

  • July 23, 2021

    Fennemore Expands In California With Three New Attys

    West Coast-based Fennemore Dowling Aaron added a trio of attorneys to its Fresno and Sacramento, California, offices, with the new hires led by an experienced attorney with over three decades of business litigation experience, the firm announced.

  • July 23, 2021

    Don't Miss It: Kirkland, Ropes & Gray Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Kirkland and Ropes & Gray.

  • July 23, 2021

    Star Entertainment Yanks $6.6B Bid For Troubled Casino Peer

    The Star Entertainment Group on Friday pulled its multibillion-dollar takeover offer for rival Crown Resorts, saying the target's value is no longer clear after the Australian government called into question whether Crown will retain a license to operate casinos because of alleged tax and money laundering issues.

  • July 23, 2021

    Kirkland, Ropes Form $5.3B SPAC Deal For PE-Backed Cvent

    Cloud-based event management platform provider Cvent, represented by Kirkland & Ellis, will go public at a $5.3 billion enterprise value by merging with a Ropes & Gray-advised special purpose acquisition vehicle, the companies said Friday.

  • July 22, 2021

    In Kanter, DOJ Would Get An Aggressive Antitrust Enforcer

    President Joe Biden's nomination this week of Jonathan Kanter to lead the U.S. Department of Justice Antitrust Division put to rest any lingering doubts about just how aggressively his administration will ramp up antitrust enforcement and crack down on corporate concentration.

Expert Analysis

  • 6 Things To Know About Cannabis M&A Transactions

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    With cannabis M&A activity continuing strong, deal-makers must familiarize themselves with the industry's unique challenges, including regulatory complexity, working capital and tax issues, and the need for tailored representations and warranties, says Max Bremer at Saul Ewing.

  • 3 Keys To Winning Your Next Oral Argument

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    To leverage the unique opportunity oral arguments provide to talk directly to judges and contribute to their decision making, attorneys must mind the three hallmarks of persuasiveness: projecting credibility, exuding likability and gaining the listener's trust, says Daniel Karon at Karon LLC.

  • Keys To Efficient And Accurate Doc Review For E-Discovery

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    Attorneys involved in e-discovery can review information accurately and cost-effectively by understanding the data in a document collection and identifying its key pitfalls, drafting comprehensive review guidelines, and preparing ahead, says John Wertelet at Eckert Seamans.

  • Bid Protest Spotlight: Cost Recovery, Prejudice, Timeliness

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    In this month's bid protest roundup, Lyle Hedgecock at MoFo looks at recent Government Accountability Office and U.S. Federal Claims Court decisions that address recovery of protest costs, agency responsibility for disclosing proprietary pricing data and the Blue and Gold Fleet timeliness rule.

  • Series

    Embracing ESG: Raytheon GC Talks Climate Change

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    Now that the climate crisis is seen as an existential threat, the stakes couldn't be higher — or the challenges more daunting — for the general counsel, who must enlist all parts of the company for support while providing both a legal and ethical road map on how to respond, says Frank Jimenez at Raytheon.

  • What Cos. Can Do Ahead Of Upcoming Sensitive Data Regs

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    The Biden administration’s recent executive order establishes the contours of a new regulatory framework to protect Americans' sensitive data from foreign adversaries, and although it lacks detail, investors and companies can assess their exposure to China and Russia while they wait for more detailed guidance, say attorneys at Kirkland.

  • Mass. Ruling A Cautionary Tale For Attorneys Changing Firms

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    The Massachusetts high court's recent ruling in Governo v. Bergeron, that lawyers could be held liable for unfair competition with a former firm, highlights important considerations for departing attorneys soliciting clients to come with them, say Mariana Korsunsky and Gary Ronan at Goulston & Storrs.

  • What Post-COVID Health Provider M&A Could Look Like

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    Attorneys at Morgan Lewis look at how the pandemic affected health care M&A, why hospitals may prioritize strategic initiatives as COVID-19 considerations wane, and the impact of the continued trend toward stronger antitrust enforcement.

  • How To Avert Media Narrative And Get A Fair High-Stakes Trial

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    Corporate defendants in bet-the-company litigation may face an uphill battle to a fair trial when the media paints an entire industry, and every entity within it, as a villain — but some strategic tools can help build a more constructive defense and counteract damaging outside spin, says Jessie Zeigler at Bass Berry.

  • Opinion

    Federal Tech, Trade Bill Needs IP Owner Transparency Tweaks

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    A pending federal bill to advance innovation contains an amendment, aimed at exposing Chinese interests in U.S. patent assignments, that needs refinement to involve proper legislative channels and boost patents' value, say former U.S. Patent and Trademark Office Director David Kappos, now at Cravath, and former Federal Circuit Chief Judge Paul Michel.

  • Opinion

    State Courts' Stark Lack Of Diversity Demands Action

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    With state judiciaries lagging their federal counterparts in demographic and professional diversity, law firms, state bar associations and other stakeholders should help build a path for more people with diverse backgrounds to become state judges, say Janna Adelstein and Alicia Bannon at the Brennan Center for Justice.

  • Giuliani Suspension Highlights Ethical Pitfalls For All Lawyers

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    Rudy Giuliani’s false public statements regarding the 2020 elections that resulted in his recent suspension from practicing law in New York may seem uncommonly flagrant, but the sanction underscores four ethics risks all attorneys should bear in mind, says Hilary Gerzhoy at Harris Wiltshire.

  • Voluntary CFIUS Filings May Limit Uncertain Outcomes

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    Attorneys at DLA Piper outline key considerations U.S. businesses should consider when deciding whether to voluntarily notify the Committee on Foreign Investment in the United States of transactions, in order to avoid unexpected governmental review and intervention.

  • Lordstown Shows How Projections Can Invite SPAC Litigation

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    The recent securities class action against Lordstown Motors, and recent U.S. Securities and Exchange Commission guidance, reveal how misleading projections may produce a perfect storm of securities litigation around newly public companies after a special purpose acquisition company merger, say Stephen Ascher and Jeremy Ershow at Jenner & Block.

  • Will SPAC Restatement Wave Trigger Shareholder Litigation?

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    Nearly 500 special purpose acquisition companies have made financial restatements after the U.S. Securities and Exchange Commission in April called on SPACs to reclassify certain warrants as liabilities, triggering at least one securities class action — against Virgin Galactic Holdings — and raising the question of whether further litigation will follow, say consultants at Cornerstone Research.

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