The U.S. Department of Justice on Friday urged a D.C. federal judge to sign off on its settlement clearing CVS' purchase of Aetna, trying to rein in the scope of the court's review but facing resistance from the bench during oral arguments.
A Delaware vice chancellor on Friday rejected a post-deal appraisal challenge by hedge fund investors that claimed the $13.2 billion sale of Jarden Corp. to Newell Rubbermaid Corp. in 2016 was undervalued by roughly $5 billion, citing recent Delaware Supreme Court decisions as a road map in setting the merger's fair share value.
Venture capital-backed Radiology Partners, guided by Goodwin, said Friday it reached a $4 billion valuation following an investment from Starr Investment Holdings.
Barrick Gold Corp. said Friday it is poised to take full control of Acacia Mining after sweetening its buyout offer in a deal that values the embattled mining company at £951 million ($1.2 billion).
A plan to sell doctor training programs proposed by Philadelphia hospital operator Center City Healthcare received approval Friday when a Delaware bankruptcy judge said the plan would protect the interests of affected resident doctors as best it could.
The U.K.’s antitrust enforcer threatened Friday to subject a $585 million plastic packaging deal to extra merger scrutiny unless the companies propose adequate fixes for concerns over the reduction in the number of British liquid packaging suppliers the merger would cause.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Mayer Brown and Hogan Lovells. Here, Law360 recaps the ones you might have missed.
Cummins has made an offer for MAN Energy Solutions, Apollo Global Management has offered to buy French credit insurer Coface, and Brookfield Asset Management is considering selling luxury Bahamian resort Atlantis Paradise Island Resort.
Perkins Coie LLP has brought on board a partner in its Chicago office who will focus on middle-market mergers and acquisitions for private equity companies and other matters, the firm has announced.
An indirect subsidiary of Aston Martin’s largest shareholder on Friday said it has offered to snap up an additional 3% stake in the luxury car maker for roughly £68.4 million ($85.5 million).
PepsiCo has agreed to buy South Africa's Pioneer Foods Group in an approximately $1.7 billion deal steered by Bowmans and Webber Wentzel that will allow the company to accelerate its entry into the country, the food and beverage megabrand said Friday.
The private equity industry is constantly evolving as fund managers seek to continue producing strong returns, and the first half of 2019 has seen firms try novel approaches. Here, Law360 explores six trends that have been all the rage through the first two quarters of the year.
Anheuser-Busch said Friday it has inked an AU$16 billion ($11.3 billion) sale of its Australian subsidiary to Japan’s Asahi Group as the beverage giant eyes expansion into the Asian Pacific region, adding that it is still weighing an IPO of its Budweiser APAC unit.
An affiliate of the Atlanta-based apartment complex owner Cortland Partners LLC has stuck a deal with the help of King & Spalding LLP counsel to acquire the Vancouver, British Columbia-based real estate investment trust company Pure Multi-Family for $1.2 billion, the companies announced Thursday.
A Philadelphia-area mergers and acquisitions adviser said Clark Hill PLC attorneys pressured him into accepting a settlement worth less than $1 million for a $63.5 million lawsuit, according to a professional malpractice claim filed Wednesday in a Pennsylvania state court.
AB InBev is reportedly mulling selling off assets after the company scrapped a planned Hong Kong offering of its Asia Pacific unit, AT&T is looking at options for its Puerto Rican business, and Axalta Coating Systems is exploring a sale.
After seeking additional information last April, the U.S. Department of Justice has cleared financial services companies Fiserv Inc. and First Data Inc. to push on with their proposed $22 billion tie-up.
Akin Gump Strauss Hauer & Feld LLP announced Thursday that it’s bolstering its corporate practice by bringing a debt finance attorney from Stroock & Stroock & Lavan LLP as a partner into its New York office.
Data center company Compass said Thursday it secured additional funding for a planned $3 billion expansion, with guidance from Fried Frank and Wick Phillips.
The European Union on Thursday approved Vodafone’s $22 billion purchase of Liberty Global’s cable networks in Germany and central Europe after the company offered concessions to ease competition concerns in May.
The U.S. Department of Justice is scrutinizing Waste Management's planned $4.9 billion enterprise value purchase of solid waste collection and disposal company Advanced Disposal Services, the companies disclosed Thursday.
Private equity-backed pub operator Stonegate, led by Kirkland, will snap up Ei Group for £1.27 billion ($1.42 billion) in cash, in a deal that stands to add the U.K.’s largest pub owners to Stonegate’s portfolio, according to a Thursday announcement.
The European Commission has approved U.S. asset manager Apollo Management LP’s acquisition of a Dutch insurer after concluding that the transaction would raise no competition concerns in Europe.
Former clerks and attorneys remember Justice John Paul Stevens, who died Tuesday night at the age of 99, for his trenchant mind and his unending civility. Does his passing mark an end to an era of collegiality on the bench?
Justice John Paul Stevens' landmark decision in Chevron USA Inc. v. NRDC shaped the course of administrative law, and his legacy, for decades. But a recent wave of criticism shared by members of the current court threatens to erase a doctrine that has long bolstered federal regulators' sway over corporate America.
Most written advocacy to the Bureau of Competition is of an extremely high quality, but sometimes we notice that there’s some room for improvement, says Daniel Francis, an associate director at the Federal Trade Commission's Bureau of Competition.
Rothschild Barry's John Coffey, who joined Justice John Paul Stevens' law firm in 1965, shares what it was like to watch Justice Stevens practice law, mentor younger lawyers and land a malfunctioning plane.
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
The administrative record is very important to federal agency litigation — as showcased in last month's U.S. Supreme Court decision concerning the addition of a citizenship question to the 2020 census — yet there is no set of consistent principles to guide agencies in compiling these official records, say attorneys at WilmerHale.
The recent proliferation of communications platforms in which content literally disappears after a short period of time has increased the risk of companies losing out on important evidence that would be crucial in copyright litigation, says Evynne Grover of QBE North America.
Since 32 of the 67 decisions issued by the U.S. Supreme Court during its October term cite dictionaries, it’s worth reviewing the opinions to learn which dictionaries the justices consulted and how they used them, say Bruce Wessel and Brian Weissenberg of Irell & Manella.
Although the rate of employment for law school graduates — which had been falling steadily — saw a small increase over the last year, other factors, such as fewer graduates overall and potential future job growth stagnation, temper the good news for those pursuing law degrees, say Tiffane Cochran and Tyler Grimm of AccessLex Institute.
Chinese investment in the U.S. biotech industry is attracting increased government oversight, as evidenced by the Committee on Foreign Investment in the United States blocking several such transactions in the last 16 months. Two important proposed rules could materially affect the industry further, say attorneys at Morgan Lewis.
Amid flush midyear M&A projections, asset purchasers should count on retaining successor liability under federal employment statutes, instead of relying on the rarely upheld three-part liability test to protect them, says Elvira Kras at McDermott.
Leveraging the collective strengths of a diverse workforce is not only the right thing to do, it’s a strategic imperative for any successful firm or business, says Louise Pentland, executive vice president and chief business affairs and legal officer of PayPal.
Acquirers of companies with substantial involvement in imported merchandise must now gauge the many potential impacts of the Trump administration's unpredictable changes to international trade policy when assessing a target's valuation, says Eric Emerson of Steptoe & Johnson.
When a lawyer complains about some workflow inefficiency they are having, the knee-jerk reaction of many firms is to look for a technology-based workaround. This overlooks the importance of human psychology and behavior, which may be the root of the problem, says Ryan Steadman of Zero.
Legal writing often falls flat not because it’s unorganized, but because it’s technically unsound and riddled with gaffes that cheapen and degrade it. Avoiding the most common mistakes will keep judges interested and, most importantly, make them trust you, says Daniel Karon of Karon LLC.
Through the first half of 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control strengthened country-based sanctions programs, including those targeting Venezuela and Cuba, and brought a string of aggressive enforcement actions that suggest enhanced compliance program expectations going forward, say attorneys at Ropes & Gray.
The Paris-based Financial Action Task Force recently updated its global guidance for lawyers on how to detect and prevent money laundering and terrorist financing. The 2019 guidance bears structural similarities to the 2008 version, but contains several significant changes, says Kevin Shepherd of Venable.