Mergers & Acquisitions

  • February 21, 2020

    Bankrupt Philly Hospital Owners Set To Pay $6M For Insurance

    Center City Healthcare LLC told the Delaware bankruptcy court Thursday that it plans to pay $6.2 million to purchase medical liability insurance for former medical professionals at its facilities to help bring an end to disputes in its Chapter 11.

  • February 21, 2020

    Investors Sue Cincinnati Bell In Del. Over $2.6B Merger Plan

    Cincinnati Bell Inc. stockholders hit the company late Thursday with a proposed class action in Delaware federal court alleging disclosure shortcomings ahead of its $2.6 billion proposed acquisition by Toronto-based Brookfield Infrastructure Inc. and seeking a deal block or reversal.

  • February 21, 2020

    Calif. Consumers Seek To Stop 'Deeply Flawed' T-Mobile Deal

    A collection of California consumers who are challenging the $56 billion T-Mobile-Sprint merger want a court order that will stop the tie-up from moving forward while their suit plays out, calling a New York federal court’s decision declining to block the union “deeply flawed.”

  • February 21, 2020

    Melinta's Ch. 11 Plan Docs Approved With New Information

    Antibiotics maker Melinta Therapeutics Inc. received court approval Friday in Delaware for its Chapter 11 plan disclosure statement after the debtor agreed to add new information regarding its intent to substantively consolidate its estates for distribution purposes.

  • February 21, 2020

    Inside The Evolving State Of Shareholder Activism

    Shareholder activism will remain popular in 2020, but recent years have seen the practice morph to include much more than proxy contests, and attorneys must stay up to date on the novel methods investors are using to try and assert influence at companies.

  • February 21, 2020

    Don't Miss It: Wachtell, Jones Day 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 Lipton and Jones Day. Here, Law360 recaps the ones you might have missed.

  • February 21, 2020

    Taxation With Representation: Davis, Skadden, Goodmans

    In this week's Taxation With Representation, Morgan Stanley buys E-Trade in a $13 billion deal, Canada's Northview Apartment REIT is sold for $3.6 billion, and Amherst Residential acquires fellow rental company Front Yard Residential for $2.3 billion.

  • February 21, 2020

    Winston & Strawn Steers Blank Check Co. Through $200M IPO

    Technology-focused blank check company dMY Technology Group began trading Friday after raising $200 million in an initial public offering steered by Winston & Strawn LLP and Ropes & Gray LLP.

  • February 21, 2020

    Hecla Investor Wants Docs On Not-So-Golden $462M Mine Buy

    A Hecla Mining Co. investor told the Delaware Chancery Court on Thursday she wants the company's records to determine if its officers mishandled Hecla's $462 million purchase of three gold mines in Nevada that were supposed to be lucrative but turned out to be duds.

  • February 21, 2020

    4 Firms Steer Kyocera's AVX Takeover At $3.7B Valuation

    Japanese manufacturer Kyocera on Friday said it will acquire all shares of electronics component company AVX that it doesn't already own, in a transaction steered by Wachtell Lipton, Alston & Bird, Nagashima Ohno and Davis Polk that gives AVX a roughly $3.7 billion valuation.

  • February 21, 2020

    Health Hires: Davis Wright, Skadden, Holland & Knight

    Davis Wright Tremaine LLP nabbed two health care partners from Nelson Hardiman, Skadden Arps Slate Meagher & Flom LLP hired a former senior attorney at the U.S. Food and Drug Administration, and Holland & Knight has added a trio of partners from McDermott Will & Emery LLP and Clark Hill PLC, headlining Law360's latest roundup of personnel moves in the health care and life sciences arena. 

  • February 20, 2020

    Delaware Bench Balance Rule Is 'Offensive,' High Court Told

    An attorney challenging Delaware's judicial political parity rule told the U.S. Supreme Court on Thursday that a provision of the state constitution requiring equal representation of parties on the bench is "offensive to the First Amendment."

  • February 20, 2020

    Del. Judge May Dictate Fix For Zohar-Tilton Ch. 11 Dispute

    A Delaware bankruptcy judge left open the possibility Thursday of a court-fashioned alternative to competing plans for meeting a bankrupt creditor group’s demand for sales of nondebtor companies controlled by business turnaround mogul Lynn Tilton’s Patriarch Partners LLC.

  • February 20, 2020

    Crowell & Moring Hires 10-Year Treasury & DOJ Alum In DC

    Crowell & Moring announced Thursday that it has hired as a partner in its international trade and white collar & enforcement groups an attorney with a decade of government experience split between the U.S. Department of Justice and the U.S. Department of the Treasury.

  • February 20, 2020

    Bankrupt Oil Biz Furie Gets Nod For Planned Ch. 11 Sale

    A Delaware bankruptcy judge on Thursday gave oil and gas producer Furie Operating Alaska LLC her nod to move forward with a planned Chapter 11 sale of its ownership interests through a foreclosure transaction, as another potential buyer still negotiates with the debtors.

  • February 20, 2020

    Abbott Can't Nix Suit Over Losing Out On $50M Merger Bonus

    A Delaware federal judge on Thursday rejected Abbott Laboratories' bid to dismiss a suit by former stockholders of Tendyne Holdings Inc. claiming that a merger contract breach cost them $50 million, ruling the amended complaint alleges enough facts to keep the suit alive that the original complaint lacked.

  • February 20, 2020

    White & Case Adds Ex-Vinson M&A Pair In Houston

    White & Case LLP has landed a pair of Vinson & Elkins LLP attorneys experienced in representing domestic and international companies in mergers and acquisitions to join its global mergers and acquisitions practice in Houston.

  • February 20, 2020

    6 Firms Guide $3.6B Northview Apartment REIT Deal

    Canadian real estate investment trust Northview Apartment REIT is being bought up by an asset manager and a private equity group, the companies said Thursday, in a deal worth CAD$4.8 billion ($3.6 billion) and led by six Canadian firms.

  • February 20, 2020

    Dish's Ergen Hints DirecTV Deal May Again Be On Table

    Although his company is a linchpin in the still-pending merger of Sprint and T-Mobile, Dish Network co-founder Charlie Ergen is already musing about another potential deal — a tie-up with rival satellite company DirecTV.

  • February 20, 2020

    Deals Rumor Mill: Speedway, ThyssenKrupp, Univision

    The Japanese owner of 7-Eleven is in talks to buy Speedway for about $22 billion, ThyssenKrupp is nearing a roughly €16 billion sale of its elevator business, and a front-runner has emerged in the battle to buy Univision. Here, Law360 breaks down these and other rumors from the past week that you need to be aware of.

  • February 20, 2020

    Blank-Check Co. East Stone's Upsized IPO Raises $120M

    East Stone Acquisition Corp., a private equity-affiliated blank-check company focused on acquiring a fintech business, debuted in public markets Thursday after raising $120 million in an upsized initial public offering steered by Ellenoff Grossman & Schole LLP and underwriters counsel Schiff Hardin LLP.

  • February 20, 2020

    Ultimate Software, Kronos Form $22B HR Software Biz

    Ultimate Software and Kronos have agreed to merge and create a $22 billion behemoth in the human resources and workplace management software space, the companies said Thursday.

  • February 20, 2020

    ​​​​​​​Davis Polk, Kirkland Steer Victoria's Secret Deal Worth $1.1B

    Sycamore Partners, represented by Kirkland & Ellis, will take Victoria’s Secret private at a $1.1 billion valuation while Bath & Body Works will operate as a standalone company, the businesses’ parent, Davis Polk-steered L Brands, said Thursday.

  • February 20, 2020

    Davis Polk, Skadden Guide $13B Morgan Stanley-E-Trade Deal

    Morgan Stanley, counseled by Davis Polk, has agreed to buy Skadden-advised financial services company E-Trade for roughly $13 billion, the companies said Thursday, in a deal that stands to fortify Morgan Stanley’s position as a leading wealth management business.

  • February 19, 2020

    Tilton Denies Stymieing Zohar's Ch. 11 Sale Efforts

    Corporate turnaround mogul Lynn Tilton denied holding up court-supervised efforts to sell off parts of her Patriarch Partners business portfolio Wednesday while testifying in a dispute over competing deadlines and strategies for the Zohar Funds’ Delaware Chapter 11 process.

Expert Analysis

  • Del. Uber Ruling Reinforces High Bar To Prove Director Bias

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    The Delaware Supreme Court's recent dismissal of a stockholder action alleging conflicts among Uber's board demonstrates how unlikely it is that independent directors would be held personally liable for fiduciary breaches, say attorneys at Fried Frank.

  • TikTok Investigation Should Prompt More Data Transparency

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    The U.S. national security investigation into the Chinese-owned TikTok app serves as a reminder that social media platforms need to establish clear privacy notices to explain how users' personal data will be used and stored, particularly in cross-border applications, say Craig Giles and Zahra Deera of Bird & Bird.

  • Union Recognition Lessons From CNN's Record NLRB Deal

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    The National Labor Relations Board’s record $76 million settlement with CNN reminds employers to carefully navigate union relationships after a significant business change because workers often retain bargaining and representation rights, say David Pryzbylski and Thomas Payne at Barnes & Thornburg.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • Opinion

    PE Investors Should Reject Life Tenure For General Partners

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    Institutional investors in private equity and venture capital funds should push back against limited partnership agreements that make it impossible to remove a general partner for any reason, say Kenneth Witt and Marc Lieberman at Kutak Rock.

  • The Advantages Of PE Sponsor-Strategic Partnerships

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    Several recent mergers and acquisitions concentrated in the health care sector illustrate a growing trend of private equity sponsors teaming up with strategic buyers in innovative ways that provide value for both sides, say attorneys at Debevoise.

  • A Good Year Ahead For Energy Infrastructure M&A

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    Recent policy developments and investment trends in China, Europe and the United States offer a number of compelling reasons to expect that energy infrastructure M&A deals will be strong in 2020, say attorneys at Hogan Lovells.

  • Lawyers Can Build Trust Through The Spoken Word

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    As attorneys, we may prefer the precision of written communication, but a phone call or an in-person conversation builds trust by letting others see and hear our authentic selves, rather than something constructed or scripted, says mediator Sidney Kanazawa of ARC.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

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    The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.

  • Recent Cases Defy Conventional Merger Control Wisdom

    Excerpt from Lexis Practice Advisor
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    In the decades since the passage of the Hart-Scott-Rodino Act and Tunney Act, four mergers and acquisitions antitrust practice trends have endured, but there are several recent counterexamples — including a New York federal court's approval of the T-Mobile-Sprint merger this week, says Tim Haney of Lexis Practice Advisor.

  • The Deal Maker's Guide To The New CFIUS Framework

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    Now that new national security regulations governing cross-border investment and acquisitions are in effect, attorneys at MoFo identify the key questions deal makers should be asking to assess whether they must, or should, notify the Committee on Foreign Investment in the United States of a transaction.

  • T-Mobile/Sprint Ruling Elevates Tech Market Merger Analysis

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    A New York federal court’s recent refusal to block the merger of Sprint and T-Mobile provides a compelling case for considering the dynamism of high-tech markets and demonstrates a sophisticated understanding of the nuances and limitations of empirical economic analysis, says Jeffrey Eisenach of NERA Economic Consulting.

  • Malpractice Landscape Is Becoming Riskier For BigLaw

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    A recent survey of lawyers’ professional liability insurers revealed an increase in malpractice claims against law firms, suggesting clients will demand more accountability in the coming decade, say Gerald Klein and Amy Nguyen at Klein & Wilson.

  • Perspectives

    Book Review: A Lawyer Reflects On Defending Guilty People

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    In her new book, "Guilty People," Abbe Smith successfully conveys that seeing ourselves in people who commit crime may be the first step to exacting change in our justice system, says U.S. District Judge Diane Humetewa of the District of Arizona.

  • The Optimistic Outlook For M&A In The UK

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    As we enter the 2020s, booming deal activity in the U.K. is not a certainty, but market participants have five reasons to be confident, says George Knighton of Skadden.

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