Mergers & Acquisitions

  • January 17, 2020

    Chancery Energizes Investor Bids To Probe Corporations

    A ruling by Delaware Vice Chancellor J. Travis Laster has recharged stockholder rights of access to company books and records, beating down AmerisourceBergen Corp.'s efforts to stop an investor probe of opioid-control oversight failures and potentially shoring up cases the plaintiffs bar considered to be at risk.

  • January 17, 2020

    FTC Dings Hydrogen Peroxide Co.'s Canadian Divestiture Deal

    The Federal Trade Commission told a D.C. federal court Friday that an apparent divestiture agreement between Canada's competition enforcer and a hydrogen peroxide producer does not fix the problems raised by the United States' challenge of the company's $625 million merger.

  • January 17, 2020

    Taxation With Representation: Skadden, Simpson, White

    In this week’s Taxation with Representation, Visa acquires fintech company Plaid for $5.3 billion, a Blackstone real estate trust makes a $4.6 billion play for two Vegas hotels, and Saudi Aramco’s IPO raises another $3.8 billion.

  • January 17, 2020

    Don't Miss It: Wachtell, Weil Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Wachtell and Weil. ​Here, Law360 recaps the ones you might have missed.

  • January 17, 2020

    Fintech Blank-Check Co. East Stone Readies $100M IPO

    East Stone Acquisition Corp. on Friday filed to raise up to $100 million in an initial public offering, as the special purpose acquisition company looks to fund a future combination with a fintech company. 

  • January 17, 2020

    3 Firms Shape $115M Menswear Brand Sale To WHP Global

    Ferdinand IP Law Group, Pryor Cashman LLP and Kirkland & Ellis LLP helped steer Tailored Brands Inc.’s $115 million sale of its Joseph Abboud trademarks to the new management firm WHP Global, according to a Friday release.

  • January 17, 2020

    M&A Group Of The Year: Sullivan & Cromwell

    The mergers & acquisitions team at Sullivan & Cromwell LLP helped lock in a series of colossal deals over the past year, including Praxair's more than $70 billion combination with Linde AG and Harris Corp.'s $35 billion L3 deal, landing the team among Law360's 2019 Mergers & Acquisitions Groups of the Year.

  • January 17, 2020

    Davis Polk, Covington Steer Clarivate’s $950M DRG Buy

    Clarivate Analytics, led by Davis Polk, said Friday it will shell out $950 million in cash and stock to buy health care data and analytics company Decision Resources Group from a unit of Indian conglomerate Piramal Group, advised by Covington & Burling.

  • January 16, 2020

    Charter Told Windstream Ad Ruling Isn't An Appealable Order

    A New York bankruptcy judge Thursday found an appeal filed of his ruling on false ad claims made by bankrupt telecom company Windstream Holdings against a rival doesn't preclude him from further rulings in the case because no order exists to be appealed.

  • January 16, 2020

    Deals Rumor Mill: Albertsons, Springer Nature, DuPont

    Albertsons is considering an IPO that could value the U.S. grocery giant at about $19 billion, educational publishing company Springer Nature could be valued at as much as €8 billion in an IPO of its own, and DuPont is weighing options for its electronics business, including a potential sale. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • January 16, 2020

    Aurelius Unveils €63M Hotel Sale To Germany Real Estate Co.

    Private equity firm Aurelius Equity Opportunities said Thursday it has agreed to sell a hotel subsidiary to German company Art-Invest Real Estate Group for an enterprise value of €63 million ($70 million).

  • January 16, 2020

    M&A Group Of The Year: Skadden

    Skadden Arps Slate Meagher & Flom LLP over the past year has guided the spinoff of recently merged DowDuPont into three separate companies and led real estate giant Brookfield Asset Management Inc. in its $6.8 billion acquisition of Forest City Realty Trust Inc., earning the firm a place among Law360's 2019 Mergers & Acquisitions Groups of the Year.

  • January 16, 2020

    Wright Medical Hit With Suit To Halt $4B Sale To Stryker

    Medical device company Wright Medical Group was hit with a proposed class action in Delaware federal court Wednesday seeking to halt its proposed $4 billion acquisition by Stryker Corp. because key information about the deal has allegedly been omitted from public disclosures.

  • January 16, 2020

    Investor Elliott To Snub Capgemini's New €3.7B Bid For Altran

    Activist investor Elliott declared Thursday that it will not tender its Altran shares to the company's suitor Capgemini, even after Capgemini's buyout offer was sweetened to €3.73 billion ($4.15 billion), and added it may continue to build its stake in the engineering consulting firm.

  • January 16, 2020

    Delivery Hero Raises €2.32B To Back Woowa Buy

    German online food ordering service Delivery Hero said Thursday that it raked in €2.32 billion ($2.58 billion) through a debt offering and capital increase in an effort to finance its planned acquisition of South Korean peer Woowa.

  • January 16, 2020

    5 Firms Guide Global Blue's €2.3B Merger With Far Point

    Global Blue detailed plans Thursday to list on the New York Stock Exchange through a merger with special purpose acquisition company Far Point that values the private equity-backed tax-free shopping and payments company at €2.3 billion ($2.56 billion), in a deal shaped by five law firms.

  • January 15, 2020

    Sprint/T-Mobile Deal Will Lead To High Prices, Court Hears

    An attorney for a coalition of states challenging the merger of T-Mobile and Sprint on Wednesday made a final pitch to the New York federal judge, saying that consumers across the country risk paying billions of dollars more for wireless services if the proposed deal goes through.

  • January 15, 2020

    AT&T Doesn't Owe Mexican Co.'s Predeal Taxes, Suit Says

    AT&T shouldn’t be on the hook for taxes that a cellphone service provider allegedly owed the Mexican government before it was acquired by the telecommunications giant, according to a complaint filed Wednesday in a New York state court.

  • January 15, 2020

    3 Firms Shape Rayonier's $554M Pope Resources Buy

    Real estate investment trust Rayonier said Wednesday it will buy Pope Resources to build out its timberland holdings in a deal led by three law firms that values the limited partnership at $554 million.

  • January 15, 2020

    House Panel Eyes 4 Bills To Expand Media Diversity

    A panel of U.S. House lawmakers on Wednesday examined four bills aimed at increasing the media opportunities for women and people of color, with an emphasis on what more the FCC could do to measure diversity in the broadcast sector.

  • January 15, 2020

    Final CFIUS Regs Ready New Era Of Inbound Deal Scrutiny

    Final regulations to overhaul the Committee on Foreign Investment in the United States offer special treatment to three countries and provide more guidance to investment funds while allowing for future adjustments on how the U.S. screens deals for national security concerns.

  • January 15, 2020

    As Harman Asks For Dismissal, Investors Seek Class Cert.

    One day after Harman International Industries Inc. submitted a motion for judgment, company investors on Tuesday asked for certification of their proposed class in a federal suit in Connecticut alleging they were duped by Harman's proxy statement as it sought approval of its $8 billion acquisition by Samsung Electronics Co. Ltd. 

  • January 15, 2020

    M&A Group Of The Year: Paul Weiss

    Paul Weiss Rifkind Wharton & Garrison LLP in the last year tackled a slew of multibillion-dollar deals for a variety of big-name clients like General Electric Co., CBS Corp. and IBM Corp., earning the firm a place as one of Law360's 2019 Mergers & Acquisitions Groups of the Year.

  • January 15, 2020

    BW Offshore Targets First-Quarter IPO For Oil Subsidiary

    Norweigan energy services provider BW Offshore Ltd. said Wednesday it plans to spin off its oil and gas unit BW Energy Ltd. through an initial public offering in the first quarter of 2020 that is expected to value the subsidiary at up to $800 million.

  • January 15, 2020

    EU Greenlights UK Chemical Co.'s $824M Omnova Buy

    Europe’s competition authority won’t stand in the way of Synthomer’s $824 million pickup of rival specialty chemical maker Omnova Solutions, after the U.K.-based company offered conditions that assuaged the watchdog’s concerns.

Expert Analysis

  • NY State Flexes Muscles With Energy Service Co. Restrictions

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    The New York State Public Service Commission's new regulations for energy service companies — imposing enhanced eligibility criteria, price caps, and limitations on products and services — raise concerns about how the commission might impose similar restrictions in the broader distributed energy resource markets, say Thomas Puchner and Kevin Blake of Phillips Lytle.

  • How Associate Life Has Evolved Over The Past Decade

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    During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.

  • Tribune Ruling Charts Course For Bankruptcy Safe Harbor

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    In upholding the dismissal of fraudulent conveyance claims against former shareholders of the bankrupt Tribune Company, the Second Circuit may have laid out a path for parties looking to stay within a crucial Bankruptcy Code safe harbor provision, say attorneys at Cadwalader.

  • What's Changed And What's The Same In Final CFIUS Rules

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    The U.S. Department of the Treasury’s final rules implementing the Foreign Investment Risk Review Modernization Act complete the revamp of the Committee on Foreign Investment in the United States, which will be more complex and better resourced to address evolving national security risks that arise in the context of foreign investments, say attorneys at Akin Gump.

  • 8 Executive Pay Considerations For An Economic Downturn

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    Amid forecasts of economic volatility, employers should address executive compensation and performance awards progressively and with quick adjustments when disruption hits, say Mark Poerio and Dan Brandenburg at The Wagner Law Group.

  • Series

    Judging A Book: Dyk Reviews 'Democracy And Equality'

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    In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.

  • SEC's Audit Proposal May Bolster Compliance, Competition

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    A newly proposed rule from the U.S. Securities and Exchange Commission on public companies' relationships with their auditors could make the current auditor independence framework easier to comply with, and mitigate competition pressure from issues that should not reasonably threaten an auditor’s objectivity, say Charles Smith and Andrew Fuchs at Skadden.

  • The Biggest Changes In China's Draft Anti-Monopoly Law

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    China's State Administration for Market Regulation recently published for public comment a draft for the revised Anti-Monopoly Law, which, if adopted, brings with it procedural and substantive changes that will likely have a significant impact on companies operating or investing in China, say Wei Huang and Fan Zhu of Tian Yuan.

  • 7 Insider Tips For Working With In-House Counsel

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    For outside firms wondering how to best support busy in-house lawyers, several practices can help navigate critical legal issues and novel business challenges while strengthening the working relationship, says Virginia Hudson, associate general counsel at Capital One.

  • 50 Years Later, Interpretive Challenges Remain For RICO

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    In the 50 years since the Racketeer Influenced and Corrupt Organizations Act was passed, courts' attempts to clarify the statute have had some success, but many interpretive dilemmas remain unresolved, says Randy Gordon of Barnes & Thornburg.

  • Health Care AI Increasingly In Crosshairs Of State, Fed. Gov't

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    Given the recent investigation by the U.S. Department of Health and Human Services into Google and Ascension's Project Nightingale, and an investigation by the New York Department of Health into UnitedHealth Group's hospital care algorithm, companies in the HealthTech space should prepare for growing scrutiny, especially of partnerships, say attorneys at Debevoise.

  • 7 Ethics Tips For Lawyers' Pretrial Social Media Use

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    As ethical constraints on pretrial social media use evolve, the American Bar Association's Model Rules and several court opinions provide guidance on avoiding violations when collecting evidence, researching jurors and friending judges, say Hilary Gerzhoy and Mark Davis at Harris Wiltshire.

  • Opinion

    States Should Not Follow ABA On Attorney Conduct Rules

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    Because the American Bar Association's new rule on diversity continues to use the Model Rules of Professional Conduct as a cultural bludgeon, states should create independent codes limited to constitutionally valid purposes of attorney regulation, says Bradley Abramson of Alliance Defending Freedom.

  • How Courts And Litigants Can Benefit From Special Masters

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    As we approach the first anniversary of the American Bar Association's adoption of guidelines for the appointment and use of special masters in civil litigation, retired U.S. District Judge Shira Scheindlin, now at Stroock, explains how special masters can help parties and courts with faster decision-making and subject matter expertise.

  • Uber Policy Calls For Refresher On ABA Confidentiality Rules

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    Uber's recent policy update allowing drivers to audio-record passenger rides is a reminder for lawyers to observe the highest standard of care in protecting client information under the American Bar Association's confidentiality model rule, says Paul Boehm at Williams & Connolly.