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Mergers & Acquisitions

  • December 18, 2018

    Red Hat Shareholder Sues To Stop $34B IBM Sale

    A Red Hat Inc. investor filed a putative class action Tuesday in Delaware federal court seeking to block a shareholder vote on the software company's planned $34 billion sale to IBM, saying a proxy statement urging support for the deal omits or misrepresents information needed to make an informed decision.

  • December 18, 2018

    T-Mobile Tie-Up Inches Closer To Finish Line With Security OK

    Sprint and T-Mobile have notched approval from U.S. national security officials to proceed with their proposed merger, clearing a hurdle that could have impeded the Federal Communications Commission's recently restarted review of the deal.

  • December 18, 2018

    Investors Say Digital Video Co. Sale Squeezed Them Out

    A pair of shareholders of a digital video distribution company asked the Delaware Chancery Court to appraise their shares in the firm in a petition made public Tuesday, saying two transactions undertaken by management squeezed them out of their ownership position.

  • December 18, 2018

    SEC Seeks Comment On Easing Quarterly Reporting Rules

    The U.S. Securities and Exchange Commission on Tuesday invited input on whether the quarterly reporting system for public companies should be relaxed in favor of semiannual reporting, hoping to address broader concerns that markets are too focused on short-term results.

  • December 18, 2018

    Chancellor Probes Age Claim In Suit Over $283M NCI Merger

    Delaware’s chancellor on Tuesday pressed an attorney to back up investor claims that advanced age and retirement concerns motivated NCI Inc.’s controlling stockholder to cash out through an allegedly unfair and inadequate $283 million go-private sale.

  • December 18, 2018

    3 Firms Steer Centerbridge's $1.4B Civitas Solutions Buy

    Investment firm Centerbridge Partners will snap up Massachusetts-based Civitas Solutions in a $1.4 billion deal led by Goodwin Procter LLP, Simpson Thacher & Bartlett LLP and Kirkland & Ellis LLP, following a strategic review of the health and human services company.

  • December 18, 2018

    IPass Keeping Investors In Dark On Tech Merger, Suit Says

    A stockholder filed a proposed class action in Delaware federal court Tuesday claiming that wireless connectivity technology company iPass Inc. has failed to provide enough financial information to shareholders about a proposed merger with software company Pareteum Corp.

  • December 18, 2018

    Ex-Buchanan Lawyer Joins Eckert Seamans’ Tax Practice

    Eckert Seamans Cherin & Mellott LLC has announced that a former Buchanan Ingersoll & Rooney PC lawyer experienced in domestic and international tax planning is joining the firm as a member in its Pittsburgh office.

  • December 18, 2018

    Judge Scolds DOJ For 'Defensive' Attitude In CVS-Aetna Case

    A D.C. federal judge took U.S. Justice Department lawyers to task for a second time Tuesday over their court filings as they seek final approval of the multibillion-dollar merger of CVS and Aetna, calling their tone "unnecessarily defensive."

  • December 18, 2018

    Pulling Up Stakes: Greenberg, McDermott, Willkie Farr

    In our latest roundup of deal-makers on the move, Greenberg Traurig LLP added some corporate firepower to its Dallas and Atlanta offices, McDermott Will & Emery brought on a former Reed Smith LLP deals pro, and Willkie Farr & Gallagher LLP snagged a pair of ex-Paul Hastings LLP attorneys to launch a West Coast office.

  • December 18, 2018

    Potential Bidder Cries Foul In Cancer Center Ch. 11 Sale Plan

    A potential bidder for the assets of bankrupt cancer treatment center Oklahoma ProCure Management LLC filed an objection Monday to the company's proposed Chapter 11 sale, claiming the company has unfairly "tipped the scales" in favor of a stalking horse purchaser.

  • December 18, 2018

    FCC Should Review Sinclair Renewals Early, Cable Org Says

    The American Cable Association on Tuesday continued to urge the Federal Communications Commission to require Sinclair Broadcast Group Inc. to file early renewal applications for four of its television stations, so that the commission can determine whether or not Sinclair lied when it attempted to acquire the Tribune Media Co.

  • December 18, 2018

    Bridgepoint-Led Group Lobs $1B Bid For Swedish Gaming Co.

    A group led by private equity firm Bridgepoint on Tuesday lobbed a 9.19 billion Swedish krona ($1 billion) offer to take over Cherry AB, the same day an independent committee from the Swedish gaming company recommended that the deal be accepted.

  • December 18, 2018

    NY Fines Barclays $15M Over CEO's Whistleblower Hunt

    New York’s top banking regulator has hit Barclays with a $15 million fine as part of a settlement announced Tuesday resolving claims stemming from the agency’s investigation into a push by the bank’s CEO to smoke out the source of two 2016 whistleblower letters that raised concerns about a recently hired executive.

  • December 18, 2018

    Nasdaq Unit Ups Bid For Swedish Fintech Cinnober To $220M

    A subsidiary of Nasdaq Inc. said on Tuesday that it has increased its offer to acquire Swedish trading technology provider Cinnober Financial Technology AB for 1.9 billion Swedish krona ($219.5 million).

  • December 18, 2018

    Sears Gets Approval For $60M Home Improvement Biz Sale

    Sears Holding Corp. on Tuesday won approval from a New York bankruptcy judge for the sale of its home improvement business for $60 million, while telling the judge it is going ahead with the sale of the rest of its assets without a stalking horse bidder.

  • December 18, 2018

    Rent-A-Center Abandons $1.4B Takeover By Vintage Capital

    Rent-A-Center Inc. on Tuesday walked away from its planned $1.365 billion takeover by Vintage Capital Management LLC, after the investment firm's offer for the rent-to-own business failed to secure approval from antitrust regulators by a key deadline.

  • December 18, 2018

    Cooley Adds Financial Regulation Atty To Boston Office

    A former partner at White & Case LLP with experience representing financial institutions and helping them navigate regulatory hurdles has joined Cooley LLP’s financial services regulatory practice as a partner in its Boston office.

  • December 18, 2018

    China Reinsurance Gets EU OK For $950M Chaucer Buy

    The European Commission on Tuesday said it has approved China Reinsurance Group Corp.'s $950 million acquisition of global specialty insurer Chaucer Insurance Group PLC under Europe's merger rules.

  • December 17, 2018

    FTC Judge Upholds Challenge Of $2.4B Titanium Dioxide Deal

    The Federal Trade Commission said Monday that its in-house judge has upheld the agency’s allegations that Tronox Ltd.’s planned $2.4 billion deal with chemical mining and processing company Cristal would hurt competition for a type of the white pigment titanium dioxide and should be blocked.

Expert Analysis

  • The Continuing Shift Of Merger Litigation To Federal Courts

    Robert Long

    Class actions challenging proposed corporate mergers continue to be filed at record levels. And there are no signs that the shift of such cases from state to federal courts will let up in the years to come, say Robert Long and Andrew Sumner of Alston & Bird LLP.

  • When Is Antitrust Merger Review Over?

    Peter Jonathan Halasz

    A D.C. federal judge's recent statements about the proposed CVS-Aetna merger settlement heighten concerns regarding the finality of the Hart-Scott-Rodino Act merger review process, say Peter Jonathan Halasz and Gregory Kinzelman of Schulte Roth & Zabel LLP.

  • How FIRRMA Changed National Security Reviews In 2018

    Farhad Jalinous

    The passage of the Foreign Investment Risk Review Modernization Act in August expanded the range of transactions that the Committee on Foreign Investment in the United States is able to review for national security concerns — especially transactions related to China, say attorneys at White & Case LLP.

  • Series

    Judging A Book: Mills Reviews 'Mississippi's Federal Courts'

    Judge Michael Mills

    ​​David M. Hargrove's​ new book​,​ "Mississippi’s Federal Courts: A History," is a remarkably candid portrait of the characters and courts serving the state's federal judiciary from 1798 on, and contributes new scholarship on how judges were nominated during the civil rights era, says U.S. District Judge Michael Mills of the Northern District of Mississippi.

  • Guest Feature

    The Subtle Art Of Fred Fielding

    Fred Fielding

    He was White House counsel to two presidents. When Reagan was shot, he explained the chain of command to a four-star general. And until a few years ago, many people still thought he was Deep Throat during the Watergate scandal. Fred Fielding of Morgan Lewis & Bockius may be the quintessential Washington insider. White and Williams attorney Randy Maniloff learned more.

  • 10 Tips For Law Firms To Drive Revenue Via Sports Tickets

    Matthew Prinn

    Many law firms have tickets or luxury suites at sporting events to host clients and prospects. Matthew Prinn of RFP Advisory Group and Matt Ansis of TicketManager discuss some of the ways that firms can use those tickets effectively.

  • Inside Key ABA Guidance On Attorneys' Cybersecurity Duties

    Joshua Bevitz

    A recent opinion from the American Bar Association provides useful guidance on attorneys’ obligations to guard against cyberattacks, protect electronic client information and respond if an attack occurs, says Joshua Bevitz of Newmeyer & Dillion LLP.

  • Opening Comments: A Key Strategic Decision In Mediation

    Jann Johnson

    Opening comments by parties in mediation that are made with the proper content and tone can diffuse pent-up emotion and pave the way for a successful resolution. But an opening presentation can do more harm than good if delivered the wrong way, say Jann Johnson and William Haddad of ADR Systems LLC.

  • Sanctions Screening Lessons From OFAC Cobham Settlement

    Roberto Gonzalez

    Last month, the Office of Foreign Assets Control announced a settlement with Cobham Holdings over shipments of goods to a Russian entity. The violations, apparently caused by deficient screening software, may signal heightened compliance expectations, say Roberto Gonzalez and Rachel Fiorill of Paul Weiss Rifkind Wharton & Garrison LLP.

  • Drafting Effective Joint Bidding Agreements For PE Funds

    Sawyer Duncan

    Club deals involving one or more private equity funds are becoming increasingly popular across the market. Failure to consider the numerous unique mechanics of such deals can dramatically inhibit investors’ ability to realize value, says Sawyer Duncan of King & Spalding LLP.