Mergers & Acquisitions

  • July 19, 2019

    DOJ Tries To Push CVS-Aetna Deal Past Court Review

    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.

  • July 19, 2019

    Chancery Nixes Investor Bid For $5B Jarden Appraisal Bump

    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.

  • July 19, 2019

    Goodwin Guides Radiology Biz To $4B Valuation

    Venture capital-backed Radiology Partners, guided by Goodwin, said Friday it reached a $4 billion valuation following an investment from Starr Investment Holdings.

  • July 19, 2019

    Barrick Strikes New Terms Valuing Acacia At $1.2B

    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).

  • July 19, 2019

    Philly Hospital's Ch.11 Plan To Sell Residency Program OK'd

    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.

  • July 19, 2019

    UK Raises Antitrust Concerns Over $585M Plastics Deal

    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.

  • July 19, 2019

    Don’t Miss It: Mayer Brown, Hogan Lovells Lead 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 Mayer Brown and Hogan Lovells. Here, Law360 recaps the ones you might have missed.

  • July 19, 2019

    Deals Rumor Mill: Cummins, Coface, Atlantis

    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.

  • July 19, 2019

    Perkins Coie Adds Middle-Market M&A Pro From Kirkland

    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.

  • July 19, 2019

    Top Aston Martin Shareholder Lobs £68M Bid For More Shares

    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).

  • July 19, 2019

    Pepsi Boosts South Africa Biz With $1.7B Pioneer Foods Buy

    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.

  • July 19, 2019

    6 PE Trends That Are All The Rage Right Now

    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.

  • July 19, 2019

    AB InBev Inks $11.3B Sale Of Australian Unit To Asahi Group

    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.

  • July 18, 2019

    King & Spalding Guide Cortland In $1.2B Canadian REIT Deal

    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.

  • July 18, 2019

    Clark Hill Client Says Firm Pushed $1M Deal For His $63M Suit

    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.

  • July 18, 2019

    Deals Rumor Mill: AB InBev, AT&T, Axalta

    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.

  • July 18, 2019

    DOJ Clears Fiserv's $22B Acquisition Of First Data

    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.

  • July 18, 2019

    Akin Gump Brings Debt Finance Partner To NY Office

    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.

  • July 18, 2019

    Fried Frank, Wick Phillips Guide Data Center Co.’s $3B Growth

    Data center company Compass said Thursday it secured additional funding for a planned $3 billion expansion, with guidance from Fried Frank and Wick Phillips.

  • July 18, 2019

    Vodafone Wins EU Approval For Liberty Global Deal

    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.

  • July 18, 2019

    DOJ Probing Waste Management's $4.9B Disposal Biz Buy

    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.

  • July 18, 2019

    Kirkland Leads Stonegate's £1.27B Deal For Pub Owner Ei

    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.

  • July 18, 2019

    EU Clears US Asset Manager's Acquisition Of Dutch Insurer

    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.

  • July 17, 2019

    'May I Just Ask': Era Of Civility Passes With Justice Stevens

    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?

  • July 17, 2019

    Justice Stevens' Chevron Legacy Under Attack

    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.

Expert Analysis

  • 4 Things FTC Competition Bureau Looks For In White Papers

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    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.

  • Remembering Justice Stevens As A Law Firm Leader

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    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.

  • Answers To Key Legal Finance Ethics Questions

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    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.

  • Federal Agencies Need A Uniform Record-Keeping Process

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    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.

  • Defense Of Copyright Claims: Don’t Let Your Proof Go Poof

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    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.

  • The Role Of Dictionaries In Last Term's High Court Decisions

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    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.

  • How To Evaluate The Rise In Legal Employment

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    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.

  • Foreign Investment In US Biotech Gets Greater Gov't Scrutiny

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    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.

  • Buyers' Immunity Under Employment Law Is A Myth

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    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.

  • Opinion

    The Business Case For Championing Diverse Legal Teams

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    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.

  • How Trump's Trade Wars Are Affecting M&A Target Valuation

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    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.

  • Rethinking The Tech-First Approach To Law Firm Solutions

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    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.

  • Top 10 Techniques For Crafting A Dazzling Brief

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    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.

  • A Dramatic 6 Months For OFAC Sanctions Enforcement

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    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.

  • Inside The New Anti-Money Laundering Guidance For Attys

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    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.