A small phone company in Maine has lobbied the Federal Communications Commission to revisit a condition it imposed on the Charter-Time Warner Cable merger requiring Charter to build out service to some areas with an existing provider, warning that the mandate could hurt smaller companies.
A unitholder challenge to the $11.2 billion merger of Regency Energy Partners LP and Energy Transfer Partners LP — remanded to Chancery Court after a dismissal appeal — has failed to show the deal breached duties to Regency's best interests and should again be tossed, company attorneys said late Monday.
A group of beer consumers asked the Ninth Circuit last week to revive their antitrust suit challenging Anheuser-Busch InBev SA/NV’s $100 billion merger with SABMiller PLC, saying the tie-up hurts competition even if it does not increase AB InBev’s market share.
Planned procedures for a private sale of assets by bankrupt sporting goods retailer Eastern Outfitters LLC received the go-ahead Tuesday in Delaware, with a transaction with United Kingdom-based SportsDirect.com anticipated next month.
CVC may snag $4.3 billion through the sale of German smart meter business Ista, CarGurus could raise $1 billion or more in an initial public offering scheduled for later this year, and Elliott Management will help finance the acquisition of soccer club AC Milan by a group of Chinese investors.
Israeli food products maker Strauss Group Ltd. has agreed to buy the remaining stake in Strauss Coffee BV it doesn't already own from private equity giant TPG Capital in a deal worth €257 million ($279 million), the companies said Tuesday.
Grupo México's transportation business has agreed to buy private-equity-owned Florida East Coast Railway Corp., the companies said Tuesday, in a deal guided by respective legal counsels Dechert LLP and Cravath Swaine & Moore LLP.
Orlando, Florida-based Darden Restaurants Inc. said it will buy a casual restaurant chain specializing in made-from-scratch fare in a $780 million cash deal announced Monday, adding 165 locations to its nationwide offerings just three years after letting go of its well-known Red Lobster unit.
A Fifth Circuit panel found no reason Monday to upend a $3.4 million IRS bill against a Texas holding company that failed to report the sale of its wholly owned subsidiary to a technology company, having tried and failed to structure the deal as for its own shares.
A California judge Tuesday rejected former Los Angeles Clippers owner Donald Sterling’s attempt to throw out allegations he stiffed two law firms out of $271,000 for their work fighting the 2014 sale of the basketball team, saying a signed retainer agreement isn’t necessary in an emergency matter.
LMI Aerospace Inc. and its board of directors were sued in Missouri federal court on Monday by an investor who says they haven’t told shareholders enough about the lead-up to an announced $190 million merger with Sonaca SA and the “rampant” conflicts of interest that could have influenced them.
Competitive networks group Incompas on Friday told the Federal Communications Commission that CenturyLink and Level 3 have not demonstrated the central key to gaining merger approval — showing an overall benefit to the public interest — saying the companies instead "gloss over" such concerns.
White House deputy counsel Makan Delrahim will bring decades of policy and lobbying experience to the U.S. Department of Justice as the president's pick to lead the Antitrust Division, a move experts say likely heralds a return to a traditional Republican enforcement approach.
Private equity firm Edmond de Rothschild Investment Partners and AccorHotels have signed a deal to acquire the entire share capital of French hospitality firm Potel & Chabot Group, a two-century-old company with sales of about €100 million ($105 million), AccorHotels said Monday.
President Donald Trump on Monday named White House deputy counsel Makan Delrahim to lead the U.S. Department of Justice's Antitrust Division, giving the Bush DOJ veteran and IP expert one of the most high-profile perches in the competition world.
The European Commission's top antitrust enforcer confirmed Monday that the watchdog was reviewing whether merging companies had misled investigators in a "small handful" of transactions.
Bankrupt fracking supply firm Chieftain Sand and Proppant LLC received court approval Monday in Delaware for a $35.25 million sale of its assets, a massive increase over the $5 million credit bid offered by its prepetition secured lender as a stalking horse offer.
A bankrupt Wyoming natural gas storage venture won court approval for up to $10 million in extra Chapter 11 financing Monday, while also reporting new plant startup problems and indications of new investor or buyer interest in the venture.
A Mead Johnson Nutrition Co. shareholder hit the company with a putative class action on Monday over its $17 billion tie-up with Reckitt Benckiser Group PLC, saying the company left information gaps in key securities filings regarding the deal.
Dubai, United Arab Emirates-based shopping mall owner and operator Emaar Malls Group LLC said Monday it has offered $800 million to buy Souq.com, an online retailer and marketplace, a week after e-commerce giant Amazon.com Inc. reportedly inked a deal for the business.
While the private equity industry has been robust in terms of raising and deploying capital, the past year has been challenging for deal professionals looking to put money to work. But this challenging environment has further demonstrated the ability of clever deal makers to make lemonade from lemons, says Christopher Machera of Weil Gotshal & Manges LLP.
What is the mood of the nation’s in-house lawyers? Aric Press — a partner at Bernero & Press LLC and former editor-in-chief of The American Lawyer — shares the findings of a recent survey of more than 800 in-house counsel.
In 2016, China became the second-largest global source of completed cross-border M&A, but Chinese investors now face a number of significant near-term risks, say attorneys with White & Case LLP.
It's not just trade buyers who are taking advantage of the growing trend of carveout transactions. In a market where there are fewer standalone opportunities, financial sponsors are increasingly prepared to tackle carveout transactions as a means of generating higher returns, say Jannan Crozier and Richard Needham of Baker & McKenzie LLP.
Why did minor mechanical issues bring down two airplanes, while a catastrophic engine explosion did not bring down a third? The answers lie, in part, in research conducted by NASA in the wake of those crashes and, more recently, by Google. And those answers can help organizations build better teams to meet today’s legal industry challenges, says Nicholas Cheolas of Zelle LLP.
Because the value of natural gas gathering systems, processing plants and related midstream assets depends on fees to be paid under associated gas gathering and processing agreements, terms and conditions of these agreements — with respect to acreage dedication, well connections, covenants running with the land, and other matters — must be scrutinized before asset purchases, say Greg Krafka and Jim Strawn of Winstead PC.
Like everything else, the art of negotiation starts by having a conversation. It’s about being respectful, finding common ground, knowing what you want and, most importantly, listening. A conversation between two lawyers can be complicated at best, but by employing a few techniques and tactics, it doesn’t have to be that way, says Marc Siegel of Siegel & Dolan Ltd.
Lawyers make hundreds of decisions during the course of advising a client, consummating a transaction or litigating a case. In this new column, dispute resolution experts Bob Creo and Selina Shultz explore the theory, science and practical aspects of how decisions are made in the legal community.
In the acquisition of natural gas gathering systems, processing plants and related midstream assets, a primary focus of legal due diligence will be the gas gathering and processing agreements associated with these assets. Terms and conditions governing service levels, fees, environmental costs, termination and other issues must be carefully reviewed before purchase, say Greg Krafka and Jim Strawn of Winstead PC.
Despite their pro-competitive benefits, syndicated loan arrangements involve communication and collaboration among competitors and thus raise potential antitrust concerns. While U.S. regulators have yet to probe this industry, a recent European Commission statement may portend future regulatory scrutiny in this area, say Joshua Shapiro and Puja Patel of Allen & Overy LLP.