Mergers & Acquisitions Law360 provides breaking news and analysis on high-impact mergers and acquisitions and the attorneys involved. Coverage includes major deals, related litigation and enforcement actions, and policy developments that affect corporate dealmaking.
Neiman Marcus Group Inc. filed counterclaims in Texas state court Friday against Marble Ridge Master Fund LP and its adviser, disputing the lawsuit the hedge fund lobbed earlier in the week and saying it has “waged a public campaign” against the luxury fashion retailer in an effort to extort value from it.
The U.S. Department of Justice announced Friday that it will require Gray Television Inc. and Raycom Media Inc. to divest broadcast television stations in nine markets as a condition of resolving its challenge to the proposed $3.65 billion merger between the media companies.
Chardan Healthcare Acquisition Corp., a blank check company formed by investment bank Chardan Capital Markets LLC for the purpose of acquiring a health care business, raised $70 million in an initial public offering that was guided by Loeb & Loeb LLP.
Aegean Marine Petroleum Network Inc. on Thursday filed an outline of plans to reorganize in Chapter 11 by selling the marine refueling business to entities owned by Oaktree Capital Management LP and Hartree Partners LP for $135 million, a departure from an earlier proposal to sell to its competitor.
The U.S. Department of Justice urged a D.C. federal judge Friday not to keep CVS and Aetna apart while reviewing a proposed merger settlement the judge had blasted as having been pushed through without adequate judicial scrutiny, arguing that a delay is unnecessary and beyond the court’s authority.