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Mergers & Acquisitions

  • May 30, 2019

    Ex-Cooley PE, Deals Team Makes Move To Sidley

    A team of attorneys from Cooley including three partners made the jump to Sidley Austin, bringing a practice dedicated to private equity sponsors and related deals across a variety of industries.

  • May 30, 2019

    Novum Keeps Sale Option Open As Ch. 11 Plan Talks Progress

    Bankrupt drugmaker Novum Pharma LLC told a Delaware bankruptcy judge Thursday it was close to finalizing terms on a Chapter 11 plan of reorganization, but that it was also keeping a path toward an asset sale open in case that worked out to be more lucrative for the debtor and its creditors.

  • May 30, 2019

    Coty Investors Sue Directors, JAB Over $1.7B Deal

    Public investors in global cosmetics giant Coty sued the company, its directors and majority owner JAB Holding in Delaware’s Chancery Court on Wednesday, alleging conflicts and unfair terms in a $1.7 billion deal last month that gave JAB control of the business.

  • May 30, 2019

    UK Likely To Oppose Merger Of Assistive Comms Tech Cos.

    The U.K.'s antitrust watchdog signaled likely opposition Thursday to an already finalized merger between two companies that supply assistive communications technologies for individuals with speech disabilities, based on fears that the combined entity will control an overwhelming market share, enabling it to raise prices.

  • May 30, 2019

    3 Firms Guide $1B Deal For PE-Backed Software Services Biz

    Genstar Capital on Thursday agreed to pay more than $1 billion to buy software services provider Prometheus Group from fellow private equity firm Francisco Partners, in a deal steered by Irell & Manella, Paul Hastings and Holland & Knight.

  • May 30, 2019

    Icahn Funds Seek Occidental Docs Over $38B Anadarko Deal

    Carl Icahn-affiliated investment funds with holdings in Occidental Petroleum Corp. filed suit Thursday in Delaware Chancery Court demanding an inspection of the company’s books and records so they can investigate whether Occidental’s directors acted prudently in bidding $38 billion for the similarly sized Anadarko Petroleum Corp.

  • May 30, 2019

    Foley Hoag, Willkie Lead $780M Deal For Threat Software Co.

    Cyber threat monitoring and protection business Recorded Future on Thursday said Insight Partners will pay $780 million to take over the company, with Foley Hoag steering the seller and Willkie Farr guiding the technology-focused private equity firm.

  • May 30, 2019

    Chevron Unloads North Sea Drilling Biz For $2B

    Chevron Corp. on Thursday agreed to sell its U.K. North Sea drilling business to a unit of Israeli oil and gas firm Delek Group Ltd. for $2 billion, making it the second global oil giant to exit the region in just over a month.

  • May 30, 2019

    Crown Resorts' Top Shareholder Sells 20% Stake For $1.2B

    Hong Kong-based casino operator Melco Resorts & Entertainment on Thursday said it inked a AU$1.76 billion ($1.2 billion) deal to buy a nearly 20% stake in Crown Resorts — more than a month after Wynn Resorts scrapped talks to take over the Australian resort and casino operator.

  • May 30, 2019

    Paul Weiss Reps American Tower In $1.9B Eaton Towers Buy

    American Tower said Thursday it has dialed up a roughly $1.9 billion deal to buy Africa's Eaton Towers in a transaction guided by Paul Weiss that will allow the communications infrastructure operator to break into the region.

  • May 29, 2019

    Motherhood & Making Partner: The View From 2 BigLaw Moms

    In a Law360 original video, two BigLaw attorneys reflect on being mothers while trying to make partner in a culture that has made slow progress towards increasing female representation in the highest ranks.

  • May 29, 2019

    Handy & Harman Investors Near $30M Deal Over Merger

    Handy & Harman Ltd. shareholders suing over the industrial manufacturer's merger with Steel Partners Holdings LP have reached a $30 million settlement, the class’ counsel told a Delaware vice chancellor Wednesday.

  • May 29, 2019

    5 Attorneys On Being The Only Woman In The Room

    Female attorneys are underrepresented throughout the legal industry, but in some practice areas, they often find they are literally the only woman in the room. Here, Law360 hears from five top women on what it's like to still be considered a rare sight in their field.

  • May 29, 2019

    AMA Says Hearing Slated For CVS-Aetna Deal Good As Is

    The American Medical Association pushed back Wednesday against a bid by the U.S. Department of Justice to reshape a hearing scheduled next week over the agency's deal that cleared CVS’ purchase of Aetna by urging a D.C. federal judge to keep the hearing’s planned format.

  • May 29, 2019

    Winston, Wachtell Steer Morningstar's $669M Deal For DBRS

    Chicago-based investment research provider Morningstar on Wednesday said it has agreed to pay $669 million to acquire private equity-backed credit ratings agency DBRS in a deal steered by Winston & Strawn LLP and Wachtell Lipton Rosen & Katz.

  • May 29, 2019

    Harris Corp. Makes Concessions For EU Approval Of L3 Deal

    American defense giant Harris Corp. has agreed to undisclosed changes to win European Union approval of its planned merger with L3, according to the bloc's competition watchdog.

  • May 29, 2019

    Deals Rumor Mill: Odebrecht, Axel Springer, Boost Mobile

    Odebrecht SA’s sugar and ethanol unit is getting ready to file for bankruptcy protection, the founding family of German digital publishing house Axel Springer SE is in talks for the company to be taken private by KKR, and would-be buyers are readying offers for Sprint’s Boost Mobile unit.

  • May 29, 2019

    RxStrategies Sees Tying Claim Cut From CVS Suit

    A Florida federal judge on Wednesday cut a tying claim from RxStrategies Inc.'s lawsuit against CVS but allowed trade secrets and contract claims to continue.

  • May 29, 2019

    Shareholders Say Boston Is Best For $555M Perrigo Fraud Suit

    Perrigo Co. PLC and the Irish pharma's former executives are engaging in "revisionist history" in their request to transfer a $555 million shareholder suit filed in Massachusetts federal court to New Jersey, the shareholders said Tuesday, arguing that the executives perpetrated the alleged fraud in Boston.

  • May 29, 2019

    Pomerantz To Lead Securities Suit Against WuXi

    Law firm Pomerantz will serve as lead counsel in a proposed class action accusing pharmaceutical research and development company WuXi of keeping investors in the dark about plans to spin off subsidiaries following a merger that took the company private, a New York federal judge has ruled.

  • May 29, 2019

    Devon Energy Inks $2.8B Canada Exit As Focus Shifts To US

    Devon Energy said Wednesday it will bid farewell to its Canadian business in a CA$3.8 billion ($2.8 billion) sale to Canadian Natural Resources, as part of an ongoing effort to refocus its portfolio on its U.S. operations.

  • May 29, 2019

    Barnes & Thornburg Snags Ex-Seyfarth Benefits Pro In Atlanta

    Barnes & Thornburg has bolstered its benefits team in Atlanta with the addition of a former Seyfarth attorney who has experience counseling clients on compliance with the tax code and the Employee Retirement Income Security Act.

  • May 29, 2019

    NXP Inks $1.76B Deal For Marvell Wi-Fi Connectivity Assets

    NXP Semiconductors on Wednesday said it has inked a $1.76 billion, all-cash deal to snap up Marvell's wireless connectivity portfolio, a deal the Bermuda-based semiconductor company said has already been approved by both companies' boards of directors.

  • May 29, 2019

    Cravath, Paul Weiss Lead Frontier's $1.4B 4-State Fiber Deal

    Frontier Communications said Wednesday it is unloading its Washington, Oregon, Idaho and Montana operations to a private equity joint venture for approximately $1.4 billion in a deal steered by Cravath and Paul Weiss.

  • May 29, 2019

    Competition Watchdog Probes £1.3B Subprime Lender Merger

    Britain's competition regulator announced Wednesday it is investigating short-term lender Non-Standard Finance's proposed £1.3 billion ($1.64 billion) hostile takeover of rival Provident Financial, citing concerns that jettisoning parts of its business could still reduce options for consumers who struggle to borrow cash from mainstream lenders. 

Expert Analysis

  • Ethical Social Media Marketing For Lawyers

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    Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.

  • Q&A

    A Chat With Norton Rose Diversity Director Nina Godiwalla

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    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Nina Godiwalla, director of diversity and inclusion at Norton Rose Fulbright.

  • What EU Investment Screening Will Mean For Dealmakers

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    Last week, the European Council approved a regulation to screen foreign direct investment into European Union member states on national security grounds. Dealmakers considering near-term transactions with a nexus to the EU will need to evaluate how the new regulations may impact deal timelines, disclosures, certainty and costs, say attorneys with Kirkland & Ellis LLP.

  • 5 Mistakes Law Firms Make When Responding To RFPs

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    More and more corporations are now using requests for proposals to make data-driven decisions about which law firms to work with, so it is more important than ever for law firms to avoid common RFP mistakes, says Matthew Prinn of RFP Advisory Group.

  • Opinion

    Antitrust Merger Remedies Should Address Potential Ills

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    Last month, the D.C. Court of Appeals affirmed a decision not to block the AT&T/Time Warner merger, questioning why the Justice Department contested the merger in the first place. The policy lesson here is that heavy-handed enforcement risks undermining the very goals of antitrust, say Matthew Cantor and Ankur Kapoor of Constantine Cannon LLP.

  • 9 Factors To Evaluate When Considering A SPAC

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    For private companies interested in going public, being acquired by a special purpose acquisition company could be a worthy alternative to a traditional initial public offering, say Gerry Spedale and Eric Pacifici of Gibson Dunn & Crutcher LLP.

  • A Lesson On Avoiding Email Production In Delaware

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    The Delaware Supreme Court's recent decision in KT4 Partners v. Palantir sheds light on how companies can sufficiently facilitate stockholders' investigations and reduce the likelihood of books and records demands resulting in the production of emails, say attorneys at Potter Anderson & Corroon LLP.

  • What To Expect From Increased FTC-State AG Collaboration

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    At a recent meeting of the National Association of Attorneys General, Federal Trade Commission Chairman Joseph Simons advocated for increased collaboration with state attorneys general, potentially raising the stakes for targeted companies and highlighting the importance of a strong compliance program, say attorneys with Buckley LLP.

  • Guest Feature

    Leon Panetta In The Courtroom, Langley And Area 51

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    Over the course of his career, Leon Panetta has served as a U.S. representative, director of the CIA and secretary of defense. But before all that, he was a lawyer. Randy Maniloff of White and Williams LLP asked him about his legal background — and about little men from outer space.

  • Series

    Why I Became A Lawyer: Finding A Voice, And A New Home

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    My Fulbright scholarship project developed after I talked to my grandmother in the Philippines about the cost of her medication. Drugs developed in the U.S. and Europe are typically sold there for prices beyond the reach of many Filipinos. So I advocated for compulsory licensing for lifesaving medicines, says Melissa Martinez of McGuireWoods LLP.

  • FTC Task Force May Lead To Wider Enforcement In Tech

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    With last week's announcement of a Technology Task Force at the Federal Trade Commission, it is useful to review how the FTC and the U.S. Department of Justice's Antitrust Division have approached technology mergers in recent years, say attorneys with McDermott Will & Emery LLP.

  • Directors See More Deference In Wis. Courts Than In Del.

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    As a string of recent decisions confirms, Wisconsin courts continue to distinguish Wisconsin corporate law from that of other jurisdictions, most notably Delaware, say Bryan House and Philip Babler of Foley & Lardner LLP.

  • Opinion

    Hedge Fund Activism Delivers Unimpressive Impact

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    Hedge fund activism has generated a large amount of public debate, but it's neither the threat to corporate strength that opponents decry nor the power for positive change that activists and their supporters claim, says J.B. Heaton of J.B. Heaton Research LLC.

  • Series

    Judging A Book: Willett Reviews 'Guilty Pleasures'

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    Professor Laura Little’s new book, "Guilty Pleasures: Comedy and Law in America," will make you laugh and make you think — and to a federal circuit judge who reads the Constitution for the articles, it is ... appealing, says Fifth Circuit Judge Don Willett.

  • Women In Law Need Equal Treatment, Not Affirmative Action

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    The sheer number of women entering the legal profession means gender equality is coming, one way or the other. This Women’s History Month, BigLaw firms should reflect on this with the understanding that they dismiss the flight of senior female attorneys from their ranks at their peril, says Tamara Kurtzman, founder of TMK Attorneys PC.

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