Mergers & Acquisitions

  • June 30, 2021

    Cura Partners Settles Claims With Consultant Over Merger

    Cannabis company Cura Partners and an investing consultant have reached an agreement to settle the consultant's suit over an unpaid finder's fee stemming from Cura Partners' acquisition in a $950 million deal, according to a California federal court filing.

  • June 30, 2021

    EssilorLuxottica To Go Ahead With GrandVision Deal

    Essilor Luxottica announced it will move forward with a $6.5 billion deal to acquire GrandVision, just two weeks after EU arbitrators found the Dutch retailer had breached its obligations under the agreement.

  • June 30, 2021

    Maynard Cooper-Led GTIS Sells $300M Of Rental Homes

    Represented by Maynard Cooper & Gale PC, GTIS said Wednesday it sold a portfolio of nearly 1,100 single-family rental home properties for $300 million, as the real estate investment group shifts its focus toward building rental communities.

  • June 30, 2021

    Kirkland, White & Case Lead $1.2B Celanese-ExxonMobil Deal

    Industrial chemical company Celanese Corp., represented by Kirkland, will pay $1.15 billion to acquire White & Case-advised Exxon Mobil Corp.'s Santoprene TPV elastomers business, which makes specialty products including rubbers used in the automotive, consumer and construction sectors, the companies said Wednesday.

  • June 30, 2021

    Singapore Regulator Widens Aon-Willis Antitrust Probe

    Singapore's antitrust watchdog has opened a wider probe into a proposed $30 billion merger between insurance brokers Aon PLC and Willis Towers Watson, warning that the deal could harm competition in the country.

  • June 29, 2021

    All Counts In $2.7B Pivotal-VMware Merger Suit Move Ahead

    Delaware's Chancellor sent all counts and most parties — including Dell Technologies Inc. founder Michael Dell — toward trial on Tuesday in a telephonic bench ruling on a stockholder suit challenging Pivotal Software Inc's. $2.7 billion sale to VMware Inc. in late 2019.

  • June 29, 2021

    Is The Consumer Welfare Standard On FTC's Chopping Block?

    A 6-year-old single-page Federal Trade Commission policy statement is on the chopping block Thursday, and with its demise could come an effort to fundamentally rewrite the U.S. approach to antitrust jurisprudence by the agency's brand-new chair.

  • June 29, 2021

    Nine Point Ch. 11 Sale Passes With Caliber Lien Protections

    The $250 million Chapter 11 sale of oil and gas driller Nine Point Energy cleared a Delaware bankruptcy court Tuesday after the debtor, its buyers and a midstream service provider agreed to language protecting the collateral of the contractor.

  • June 29, 2021

    House Clears Huge R&D Bills, But Must Contend With Senate

    House lawmakers overwhelmingly passed two major bills to advance U.S. research and development efforts, with an eye toward gaining an upper hand against China, but the proposals must still be reconciled with a sprawling package the Senate has cleared.

  • June 29, 2021

    Alex And Ani Seek OK For Founder, Creditor Ch. 11 Settlement

    The founder of bankrupt jewelry chain Alex and Ani LLC, its Chapter 11 estate and its creditors have asked a Delaware bankruptcy judge to approve a three-way settlement of multiple suits and dueling claims over company-related debts and control, clearing the way for a sale or reorganization.

  • June 29, 2021

    Alston-Led Builders FirstSource Boosts Tech Via $450M Deal

    Builders FirstSource, advised by Alston & Bird, will pick up building products industry software provider WTS Paradigm for roughly $450 million, the companies said Tuesday, in a move meant to help the buyer build up its technological capabilities.

  • June 29, 2021

    CD&R Makes Increased £2.8B Bid For UDG Healthcare

    Clayton Dubilier & Rice is raising its offer for health care advisory and pharmaceutical services business UDG to roughly £2.8 billion ($3.9 billion), the companies said Tuesday, and two of the target's largest shareholders have already signaled their approval.

  • June 29, 2021

    Haynes and Boone Adds Capital Markets Pro In Houston

    Haynes and Boone LLP recently hired a former Thompson & Knight corporate partner in Houston, the firm announced Monday.

  • June 28, 2021

    Del. Justices Say Chancery Must Reconsider Stock Deal

    Noting that inequitable intent can fatally taint otherwise fair actions, Delaware's Supreme Court on Monday sent a ruling back to the Chancery Court that upheld a contested company equity sale that was allegedly designed to prevent a vote to put the business under a custodian.

  • June 28, 2021

    Nine Point Ch. 11 Sale Delayed After $7M Lien Ruling

    A Delaware bankruptcy judge rejected the bulk of the $157 million in liens asserted by midstream services provider Caliber Midstream Monday, finding the company had valid claims worth about $7 million against oil and gas driller Nine Point Energy and putting on hold a $250 million sale of the debtor's assets.

  • June 28, 2021

    Campolo Middleton Launches Cannabis Practice In New York

    New York law firm Campolo Middleton & McCormick LLP has announced the launch of a cannabis practice group, in the wake of Gov. Andrew Cuomo signing into law a legalization and taxation bill earlier this year.

  • June 28, 2021

    Pot Co. Backed By Jay-Z Picks Up West Hollywood Dispensary

    Cannabis conglomerate The Parent Co., which has rapper Jay-Z as its chief visionary officer, announced Monday that it has agreed to acquire 100% of the equity of an operating West Hollywood, California, dispensary for $11.5 million.

  • June 28, 2021

    4 Firms Craft Etsy's $217M Bet On Brazilian E-Commerce Co.

    Online handmade goods marketplace Etsy said Monday it plans to acquire Brazilian e-commerce company Elo7 for about $217 million in cash, with guidance from four law firms.

  • June 28, 2021

    Wachtell, Cravath Lead Ventas' $2.3B Senior Living REIT Buy

    Health care-focused real estate investment trust Ventas said Monday it plans to buy New York City-based senior housing investment trust New Senior Investment Group Inc. through a $2.3 billion deal, including debt, steered by Wachtell Lipton Rosen & Katz and Cravath Swaine & Moore LLP.

  • June 28, 2021

    UK Competition Unit Probes S&P's $44B Bid To Buy IHS Markit

    United Kingdom competition authorities disclosed a probe Monday into S&P Global Inc.'s bid for data and analytics firm IHS Markit Ltd. in an all-stock deal that values the London-headquartered target at $44 billion, including debt.

  • June 28, 2021

    3 Firms Steer Thoma Bravo's $2B Qad Take-Private Deal

    Qad Inc. announced Monday that it will go private through a deal with investment firm Thoma Bravo guided by Paul Weiss, Paul Hastings and Kirkland & Ellis that values the manufacturing logistics company at about $2 billion.

  • June 25, 2021

    Minor Additions Mollify FTC On 7-Eleven's Speedway Deal

    The Federal Trade Commission signed off Friday on 7-Eleven's already-consummated $21 billion purchase of Speedway after the companies tweaked a proposed settlement, but not without parting shots expressing frustration and lingering intra-agency rancor over the companies' decision to close the deal while a probe remained underway.

  • June 25, 2021

    6 Firms Guide $820M Akumin, Alliance Healthcare Tie-up

    Outpatient radiology treatment company Akumin Inc. said Friday it plans to acquire fellow oncology care provider Alliance Healthcare Systems from Chinese investment fund Tahoe Investment Group in an $820 million transaction led by six firms. 

  • June 25, 2021

    No Permanent Biden DOJ Antitrust Chief, No 'Bold Action'

    Five months into his first term, President Joe Biden has filled only one of his top two antitrust posts, tapping a progressive Federal Trade Commission chief but leaving a blank at the top of the Justice Department's antitrust unit, undermining his administration's ability to achieve its competition goals.

  • June 25, 2021

    5 Things To Watch In The SPAC Market After Last Year's Boom

    The boom in special purpose acquisition companies that upended capital markets over the past year has come down to earth, but deal makers at the long-awaited SPAC Conference say they are confident these alternative funding vehicles will have staying power despite regulatory and market headwinds. Here are five takeaways from the conference.

Expert Analysis

  • 4th Circ. Opens Door To New Private Merger Enforcement Era

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    The Fourth Circuit's recent approval in Steves and Sons v. Jeld-Wen of a first-of-its kind divestiture order issued in a private lawsuit as a penalty for an anti-competitive merger may shift the law of antitrust remedies and embolden district courts and private plaintiffs, say Lauren Weinstein and Lauren Dayton at MoloLamken.

  • 5 Ways Outside Counsel Can Impress Their Clients

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    Attorneys can build lasting relationships with corporate clients by thinking of in-house counsel as project partners, adhering to a few basic communication principles and thinking beyond legal advice, says Gerry Caron, chief counsel for safety, health and environment at Cabot.

  • Ethics Tips For Attorneys Telecommuting Across State Lines

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    Attorneys working remotely from jurisdictions in which they are not admitted should take precautionary steps to avoid engaging in unauthorized practice of law, say John Schmidt and Michael Seaman at Phillips Lytle.

  • Opinion

    Abusive M&A Litigation Highlights Need For Securities Reform

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    In-court M&A challenges that benefit plaintiffs counsel more than shareholders continue unabated, demonstrating the need for federal securities law reform to prevent what amounts to a deal tax on companies forced to pay mootness fee settlements and higher directors and officers insurance premiums, say attorneys at Seyfarth.

  • 6 Ways Legal Employers Can Help Pandemic-Weary Parents

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    Parenting during the pandemic has introduced a series of competing personal and professional obligations for attorneys and professional staff, and even organizations that are supportive of their parent employees can take steps to do better, says Meredith Kahan at Saul Ewing.

  • Effectively Defining Material Adverse Change Amid COVID-19

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    Deal makers have recently been focused on drafting material adverse change clauses in M&A agreements to allocate COVID-19 and other similar risks between parties in future transactions, but MACs also deserve careful consideration as backward-looking tools that represent limitations on sellers' disclosure obligations, says Phillip Cushing at Bartlit Beck.

  • 3 Degrees Of Legalization Show True Prevalence Of Cannabis

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    The three degrees of state marijuana legalization regimes throughout the U.S. show that cannabis is only fully illegal in three U.S. states and one territory — not 14 states as some counts indicate — and even in those places, there are stirrings of change, says Julie Werner-Simon at Drexel University's Thomas R. Kline School of Law.

  • Remote Working Tips For Lawyer Trainees And Their Firms

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    The prospect of joining a law firm during the pandemic can cause added pressure, but with a few good practices — and a little help from their firms and supervising attorneys — lawyer trainees can get ahead of the curve while working remotely, say William Morris and Ted Landray at King & Spalding.

  • Mitigate Key FCPA Risks With Tailor-Made Compliance

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    Multinational companies should take a pragmatic approach to Foreign Corrupt Practices Act compliance by being aware of key risk areas — such as inappropriate gift-giving, liability for third-party actions, and countries with recurring corruption issues — and implementing custom-designed procedures that evolve with their operations, says Howard Weissman at Miller Canfield.

  • What Biden's Ethics Pledge Means For Gov't Revolving Door

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    Attorneys at Nossaman look at how President Joe Biden’s ethics pledge goes beyond those of his predecessors by imposing post-employment shadow lobbying and golden parachute restrictions on his administration’s appointees — and how a House bill proposing expansion of federal ethics law could affect enforcement.

  • Opinion

    Punishing Bar Exam Policies On Menstrual Products Must Go

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    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

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    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

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    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

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    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

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    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.

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