Mergers & Acquisitions

  • December 04, 2020

    Don't Miss It: McDermott, Sidley Guide Week's Hot Deals

    With so much mergers and acquisitions news over the past two weeks, you may have missed several deals announced in the past several days helmed by firms such as McDermott Will & Emery LLP and Sidley Austin LLP. Here, Law360 recaps the ones you may have missed.

  • December 04, 2020

    FCC Urged To Approve Undersea Cable Ownership Transfer

    The National Telecommunications and Information Administration has asked the Federal Communications Commission to approve a post-bankruptcy ownership transfer of an undersea cable owned by Global Cloud Xchange as long as the company adheres to a set of required disclosures.

  • December 04, 2020

    KKR Lands 2 Texas Industrial Properties In $171M Deal

    Private equity firm KKR said Friday it purchased two fulfillment centers in Texas from real estate firm Hines for $171 million to further expand its industrial real estate portfolio.

  • December 04, 2020

    Taxation With Representation: Wachtell, Latham, Wilson

    In this week's Taxation With Representation, Salesforce buys workplace messaging company Slack for $27.7 billion, Ireland-based gambling conglomerate Flutter Entertainment acquires Fastball Holdings for $4.175 billion, and Jacobs Engineering Group takes a majority stake in PA Consulting.

  • December 04, 2020

    3 Firms Power SPAC Deal Creating $1.35B Energy Storage Co.

    A blank-check company backed by hedge fund Magnetar Capital has agreed to merge with intelligent energy storage business Stem Inc. to form a single company with an enterprise value of $1.35 billion, the companies said Friday, in a deal built by Kirkland & Ellis, Gibson Dunn and Wilson Sonsini.

  • December 03, 2020

    3rd Circ. Won't Revive Suit Over $360M Lionbridge Deal

    The Third Circuit has refused to revive a proposed securities class action over private equity firm HIG Capital's roughly $360 million acquisition of Lionbridge Technologies Inc., rejecting claims that the globalization specialist issued a misleading proxy statement in seeking shareholder approval of the deal.

  • December 03, 2020

    FTC Opposes NJ Health Network's Acquisition Of Competitor

    The Federal Trade Commission announced Thursday it filed an administrative complaint and authorized a suit in federal court to block Hackensack Meridian Health Inc.'s proposed acquisition of Englewood Healthcare Foundation in New Jersey. 

  • December 03, 2020

    Fintech-Focused SPAC Leads 4 IPOs Totaling $1.35B

    A quartet of blank-check companies started trading Thursday after raising about $1.35 billion combined, led by fintech-focused Far Peak Acquisition, which is helmed by the former president of the New York Stock Exchange.

  • December 03, 2020

    Exterro Absorbs Forensic Tech Co. For 9-Figure Sum

    E-discovery firm Exterro Inc. is building on its suite of legal software offerings with the acquisition of AccessData, a company specializing in forensic technology, the two entities announced on Thursday.

  • December 03, 2020

    Mergers & Acquisitions Group Of The Year: Skadden

    Skadden Arps Slate Meagher & Flom LLP has assisted on a bevy of big-ticket transactions over the past year, including the $45.5 billion merger of DuPont's nutrition and biosciences business with fragrance giant IFF and the tumultuous multibillion-dollar tie-up of Tiffany and LVMH, earning the firm a spot among Law360's Mergers & Acquisitions Practice Groups of the Year.

  • December 03, 2020

    Vivus Cleared For Amended Ch. 11 Plan With Drug Royalties

    Biotech company Vivus Inc. received approval Thursday for an amended Chapter 11 plan that provides additional recoveries for existing shareholders through a drug sale royalty settlement, after a Delaware judge rejected its earlier plan proposal because of the plan's treatment of equity.

  • December 03, 2020

    4 Firms Lead $1.5B Equipment Rental Cos.' Tie-Up

    Specialty equipment rental business Nesco said Thursday it's expanding its utility and telecommunications services and more with the $1.48 billion purchase of Custom Truck One Source in a private equity-backed deal led by four law firms, including Latham & Watkins and Davis Polk.

  • December 03, 2020

    Deals Rumor Mill: Ant Group, JD Health, Apex Logistics

    The deals rumor mill is often overflowing with transactions that are reportedly close to being inked, but with so many rumors it can be hard to know which ones to stay on top of every week. Here, Law360 breaks down the deal rumors from the past week that you need to be aware of.

  • December 03, 2020

    Walmart's Flipkart To Partially Spin Off PhonePe, Raise $700M

    Indian digital payments platform PhonePe is partially spinning off of Indian e-commerce marketplace Flipkart, selling a stake to investors for $700 million, the company announced Thursday.

  • December 03, 2020

    Engineering Co. WSP Grows Consulting Biz With $1.1B Deal

    Canadian engineering professional services company WSP said Thursday that it's agreed to buy Canadian construction services consulting firm Golder for $1.14 billion in cash, in a deal guided by Stikeman Elliott, Hogan Lovells, Stewart McKelvey, Osler and Cox & Palmer.

  • December 03, 2020

    Wachtell, Wilson Sonsini Assist On $4.2B FanDuel Deal

    Ireland-based gambling conglomerate Flutter Entertainment, guided by Wachtell Lipton, has agreed to buy Wilson Sonsini-advised Fastball Holdings' entire FanDuel stake for $4.175 billion, the companies said Thursday, in a deal that increases Flutter's Fanduel holding to 95% and positions it to capitalize on the growing U.S. gambling market.

  • December 02, 2020

    3 Blank-Check Companies Tap Public Markets For $700M Total

    Three blank-check companies targeting industries ranging from technology to renewable energy went public Wednesday after completing initial public offerings that raised $700 million combined, becoming the latest issuers to join the blank-check craze of 2020.

  • December 02, 2020

    Molson Coors Cans Investor Suit Over Tax Filings For Good

    Molson Coors Beverage Co. beat an investor suit claiming tax filing errors caused its stock price to tumble, after a Colorado federal court ruled Wednesday the investors failed to show that the beer company intentionally or recklessly misrepresented its financial situation.

  • December 02, 2020

    EQT Must Face Investor Suit Over $6.7B Merger, Judge Says

    A Pennsylvania federal judge on Wednesday declined to throw out a proposed class action over EQT Corp.'s merger with Rice Energy, ruling that investors adequately alleged that EQT's executives made statements about the benefits of the merger that "were simply not true at the time they were made."

  • December 02, 2020

    FTC Offers Competing Views On Past CoreLogic Deal Fixes

    A Democrat on the Federal Trade Commission has called the recent termination of restrictions placed on CoreLogic for its 2014 purchase of DataQuick the end of a "fiasco," while a pair of Republican commissioners said the case is an example of the agency's success.

  • December 02, 2020

    Bill To Boot Chinese Cos. From US Exchanges Sent To Trump

    The U.S. House of Representatives on Wednesday easily approved a bill to tighten requirements for foreign companies hoping to sell shares in America, a Senate-passed measure aimed at Chinese companies that will now go to the president's desk.

  • December 02, 2020

    Mayer Brown Partner, Ex-DOJ Official Mark Ryan Dies At 65

    Mayer Brown partner Mark Ryan, the first-ever director of litigation at the U.S. Department of Justice's Antitrust Division, died Monday after complications from heart surgery, the firm announced. He was 65.

  • December 02, 2020

    DuPont Rips Chemours' 'Strange' Bid To Void Chancery Ruling

    In its bid to undo a Chancery Court decision upholding an arbitration agreement, The Chemours Co. is making a "strange and unprecedented" argument that would uproot settled law pertaining to arbitration pacts between parent companies and subsidiaries, DuPont Co. told the Delaware Supreme Court on Wednesday.

  • December 02, 2020

    Mergers & Acquisitions Group of the Year: Simpson Thacher

    Simpson Thacher & Bartlett LLP guided automotive industry supplier BorgWarner in ironing out its multibillion-dollar purchase of Delphi Technologies, advised MultiPlan in its $11 billion take-public merger with a blank check company and represented six firms that invested $20.7 billion in gas pipeline assets, earning the firm a spot among Law360's 2020 Mergers & Acquisitions Groups of the Year, the fifth year it has received the recognition.

  • December 02, 2020

    Aimco Says $10B Co. Split Still On After Dissing Buyout Bid

    Apartment Investment and Management Co. said Wednesday that it was steaming ahead with its plans to halve the business and form a $10 billion real estate investment trust after receiving a "grossly inadequate" non-binding expression of interest to purchase the Denver-based company.

Expert Analysis

  • Navigating Atty Relationship Conflicts That May Imperil Cases

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    In light of recent American Bar Association guidance on conflicts of interest posed by social or intimate relationships between opposing counsel, lawyers must carefully consider whether any personal ties could lead to ethics violations that may affect the outcome of a case, say Thomas Wilkinson and Douglas Fox at Cozen O'Connor.

  • How Mediators Can Help Parties Overcome Emotional Barriers

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    Litigants' emotions can doom the prospects for settlement during mediation, so listening with empathy and helping parties look at a case less emotionally are important tools in a mediator's kit, says Sidney Schenkier at JAMS.

  • Series

    Judging A Book: Wardlaw Reviews 'Hamilton And The Law'

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    Lisa Tucker's collection of essays, "Hamilton and the Law: Reading Today's Most Contentious Legal Issues Through the Hit Musical," has the seemingly incongruous effect of drawing the reader into America's formative history while also contemplating the intractable issues facing us today, including racial justice, immigration and gender equality, says Ninth Circuit Judge Kim Wardlaw.

  • Mindbody Deal Case Provides Conflict Takeaways For Boards

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    The Delaware Chancery Court's recent decision in Mindbody illustrates how courts assess alleged management conflicts in M&A litigation, but the case's core lesson is the need for boards of directors to uncover and manage actual and potential conflicts of interest in the sale process — in particular, those of the lead negotiators, say Tyler O'Connell and Albert Carroll at Morris James.

  • 7 Tips For Predeposition Meetings Under New Federal Rule

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    Attorneys can use a new predeposition meet-and-confer obligation for federal litigation — taking effect Tuesday — to better understand and narrow the topics of planned testimony, and more clearly outline the scope of any discovery disputes, says James Wagstaffe at Wagstaffe von Loewenfeldt Busch.

  • Ethics Reminders As Employees Move To Or From Gov't

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    Many organizations are making plans for executives to go into government jobs, or for government officials to join a private sector team, but they must understand the many ethics rules that can put a damper on just how valuable the former employee or new hire can be, say Scott Thomas and Jennifer Carrier at Blank Rome.

  • Del. Solera D&O Decision May Have Limited Impact

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    While the Delaware Supreme Court's recent decision in Solera is a blow for companies in the state seeking protection for certain key appraisal proceedings, the ruling hinges on the insurers' narrow definition of a violation that will trigger directors and officers coverage for securities-related claims, making it unlikely that other jurisdictions will follow suit, say attorneys at Hunton.

  • A Key To Helping Clients Make Better Decisions During Crisis

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    As the pandemic brings a variety of legal stresses for businesses, lawyers must understand the emotional dynamic of a crisis and the particular energy it produces to effectively fulfill their role as advisers, say Meredith Parfet and Aaron Solomon at Ravenyard Group.

  • Expect Major Changes In Aerospace And Defense Under Biden

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    President-elect Joe Biden is expected to significantly shift aerospace and defense industry priorities, revoke certain Trump administration government contractor policies, strengthen "Buy American" requirements, and increase use of defense and NASA budgetary authority to combat climate change, say attorneys at Hogan Lovells.

  • DOJ's Visa-Plaid Challenge Shows Email Can Imperil A Deal

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    The U.S. Department of Justice used a trove of internal Visa email and other communications to show how the $5.3 billion Plaid merger might limit competition — providing a cautionary tale of how internal documents can endanger a transaction that shows few antitrust concerns on the surface, says Tammy Zhu at Medallia.

  • Ethics Considerations For Law Firms Implementing AI

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    Richard Finkelman and Yihua Astle at Berkeley Research Group discuss the ethical and bias concerns law firms must address when implementing artificial intelligence-powered applications for recruiting, conflict identification and client counseling.

  • Picking The Right Location And Tools For Virtual Courtrooms

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    Attorneys should consider the pros and cons of participating in virtual court proceedings from home versus their law firm offices, and whether they have the right audio, video and team communication tools for their particular setup, say attorneys at Arnold & Porter.

  • Beware Atty Ethics Rules When Reporting COVID-19 Fraud

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    Attorneys considering blowing the whistle on False Claims Act violations by recipients of COVID-19 relief may face a number of ethical constraints on their ability to disclose client information and file qui tam actions, say Breon Peace and Jennifer Kennedy Park at Cleary.

  • Looking For Judicial Activists? Check The Footnotes

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    U.S. Supreme Court nominees typically face intense questioning over potential judicial activism, but a better way to gauge judges' activist tendencies may be to look at the footnotes in their opinions, say Christopher Collier at Hawkins Parnell and Michael Arndt at Rohan Law.

  • Best Practices For Legal Technology Adoption

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    The pandemic has accelerated the need to improve the practice of law through technology, but law firms and in-house legal departments must first ensure they have employee buy-in and well-defined processes for new digital tools, say Dan Broderick at BlackBoiler and Daryl Shetterly at Orrick.

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