Mergers & Acquisitions

  • January 30, 2026

    UP, Norfolk Southern Rip Rival BNSF's Merger Docs Demands

    Union Pacific and Norfolk Southern have accused rival railroad BNSF Railway of trying to delay the regulatory review for their proposed $85 billion mega-merger by demanding that they share thousands more documents, emails and other operational details in what they called a "fishing expedition."

  • January 30, 2026

    Wash. Plaintiffs Fight NY Transfer Request In REIT Merger Suit

    A proposed class of investors urged a judge to keep their securities case over a merger between two real estate investment trusts in Washington federal court instead of granting the defendants' request to transfer the case to New York federal court.

  • January 30, 2026

    The Message From Delaware Courts: Change Is Coming

    Delaware's Supreme Court delivered a reminder to the state's corporation law ecosystem recently with a reversal of a Court of Chancery decision invalidating a 7-year-old stockholder agreement that granted broad corporate powers to investment bank Moelis & Co.'s founder.

  • January 30, 2026

    Rio Tinto, Chalco Acquire Stake In Brazil's CBA For $903M

    Rio Tinto and Aluminum Corp. of China Ltd., or Chalco, have agreed to acquire Votorantim's controlling stake in Companhia Brasileira de Aluminio through a jointly owned vehicle, in a deal valuing the Brazilian aluminum producer at about $902.6 million.

  • January 30, 2026

    FTC Requires Facility Sales For $835M Healthcare Deal

    The Federal Trade Commission reached an agreement Friday allowing Sevita Health to move ahead with an $835 million deal for BrightSpring Health Services Inc.'s community living business, conditioned on the sale of more than 100 facilities.

  • January 30, 2026

    $2.7B Material Handling Tech Deal OK'd With DOJ Sales

    Columbus McKinnon Corp. will have to sell its power chain hoist and chains businesses under a settlement with the U.S. Department of Justice permitting the company's $2.7 billion purchase of Kito Crosby Ltd. from KKR-managed funds.

  • January 30, 2026

    DOJ Requires Divestitures For Reddy Ice-Arctic Glacier Tie-Up

    The U.S. Department of Justice Antitrust Division is forcing Reddy Ice to divest assets in five geographic areas in order to win approval for a $126 million acquisition of competitor Arctic Glacier.

  • January 30, 2026

    Mergers & Acquisitions Group Of The Year: Kirkland

    Kirkland & Ellis LLP advised an investor consortium on an all-cash transaction to acquire Electronic Arts Inc., in what the firm says is the largest take-private deal in history as the company had an enterprise value of approximately $55 billion at the time, earning the firm a spot among the 2025 Law360 Mergers & Acquisitions Groups of the Year.

  • January 30, 2026

    Mining SPAC's $270M IPO Starts Trading As 3 Firms Advise

    Shares of M‑EVO Global Acquisition Corp II began trading Friday after the blank check company priced an upsized $270 million initial public offering, selling 27 million units at $10 each, according to a company statement.

  • January 30, 2026

    Taxation With Representation: Clifford Chance, Ropes & Gray

    In this week's Taxation With Representation, real estate investment trust Apollo Commercial Real Estate Finance Inc. announces plans to sell a loan portfolio to retirement services company Athene Holding Ltd., engineering and technology company Leidos acquires Entrust Solutions Group, and Prosperity Bancshares Inc. and Stellar Bancorp Inc. announce a merger.

  • January 30, 2026

    4 Firms Build Sale Of $622M Energy Assets To GeoPark

    Canadian oil and natural gas company Frontera Energy Corp. on Friday announced plans to sell its Frontera Petroleum International Holdings B.V. to independent energy company GeoPark Ltd. in a deal that values the assets at $622 million and was built by four law firms.

  • January 30, 2026

    IG Group Completes $125M Cryptocurrency Exchange Deal

    IG Group said Friday that it has completed the approximately 178 million Australian dollars ($125 million) acquisition of Australian cryptocurrency exchange Independent Reserve after receiving approval from the central bank of Singapore.

  • January 30, 2026

    Apax In Talks To Buy Auto Dealer Tech Biz For £583M

    Pinewood Technologies Group PLC has confirmed that it has entered into talks with private equity firm Apax Partners LLP over a potential acquisition that values the U.K. automotive software company at £583 million ($802 million).

  • January 30, 2026

    AstraZeneca Seals China Obesity Drug Deal For Up To $18.5B

    Biotechnology giant AstraZeneca has struck a licensing deal worth up to $18.5 billion with CSPC Pharmaceutical of China to develop weight-loss drugs, the companies said Friday, as Western investment in China ramps up.

  • January 29, 2026

    Trump SPAC Fights Chancery's $25K Daily Sanction Ruling

    The blank check company that took Trump Media & Technology Group Corp. public last year says it has been "unfairly trapped in a procedural morass" after a Delaware Chancery Court magistrate held the company in contempt and ordered it to pay sanctions over its refusal to pay an over $2 million legal fee advancement bill.

  • January 29, 2026

    RealNetworks Can't Exit Investor Suit Over Take-Private Deal

    RealNetworks Inc., an artificial intelligence-focused digital media company, cannot escape a shareholder suit alleging that the company and its top brass misled investors in a 2022 take-private transaction, a Washington federal judge has ruled.

  • January 29, 2026

    Conn. Cinches Consumer Safeguards In $34.5B Cox-Charter Deal

    Connecticut officials have secured "major consumer protections" as Charter Communications Inc. seeks to acquire Cox Communications in a $34.5 billion deal, as well as a commitment to keep a corporate office in Stamford, according to the state attorney general's office.

  • January 29, 2026

    Zuora Investor Sues Over $1.7B Silver Lake Take-Private Deal

    An investor in software as service subscription software venture Zuora Inc. has opened a proposed class suit seeking damages in connection with Silver Lake Group's $1.7 billion take-private acquisition of the company, naming both Silver Lake and managing panther Joseph Osnoss and alleging breaches of fiduciary duty.

  • January 29, 2026

    Rick Perry's AI Energy Co. Ensnared In Broker's Fee Suit

    A Texas energy broker affiliate has alleged that a "calculated scheme" deprived the broker of a nearly $6 million commission fee after it helped secure a $399 million natural gas turbine contract between a liquefied natural gas company and a data center developer.

  • January 29, 2026

    Landmark Divestiture Order Scrutinized By 4th Circ. Again

    A Fourth Circuit panel questioned whether door manufacturer Steves and Sons Inc. needs to prove its case all over again to save a landmark order requiring its rival Jeld-Wen to unload a Pennsylvania factory during Thursday's oral argument on a bid to vacate the ruling.

  • January 29, 2026

    Wachtell-Led International Paper To Split Into 2 Public Cos.

    International Paper said Thursday it will split its operations into two separate publicly traded companies, retaining a North American entity while creating a new company for its Europe, Middle East and Africa operations.

  • January 29, 2026

    M&A Group Of The Year: Sullivan & Cromwell

    Sullivan & Cromwell LLP had a standout year in 2025 that involved a slate of diverse, complex and high-profile transactions, including Discover's $50.6 billion merger with Capital One, earning the firm a spot among the 2025 Law360 Mergers & Acquisitions Groups of the Year.

  • January 29, 2026

    TreeHouse Foods Sued In Chancery For Docs On $2.9B Sale

    A TreeHouse Foods stockholder filed suit in Delaware's Court of Chancery late Wednesday for expedited access to withheld documents on the company's $2.9 billion agreement in November to sell the packaged snack and beverage company to affiliates of Investindustrial VIII SCSp, an independently managed group of European investment, holding and advisory companies.

  • January 29, 2026

    Jones Day Guides VSE Corp. On $2B Precision Aviation Deal

    Jones Day is advising aviation company VSE Corp. on an agreement to acquire Precision Aviation Group Inc. from Winston & Strawn LLP-led GenNx360 Capital Partners for up to $2.15 billion, the companies announced Thursday.

  • January 29, 2026

    SpaceX Eyes IPO At $1.5 Trillion Value, Plus More Rumors

    Elon Musk's SpaceX is preparing plans to launch an initial public offering that would value it at a massive $1.5 trillion, Chevron is seeking better terms from Iraq before buying Russia's Lukoil assets, and cryptocurrency wallet Ledger is weighing a $4 billion U.S. IPO.

Expert Analysis

  • Series

    Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • Anticipating FTC's Shift On Unfair Competition Enforcement

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    As the Federal Trade Commission signals that it will continue to challenge unfair or deceptive acts and practices under Section 5 of the FTC Act, but with higher evidentiary standards, attorneys counseling healthcare, technology, energy or pharmaceuticals clients should note several practice tips, says Thomas Stratmann at George Mason University.

  • Del. Dispatch: Chancery Expands On Caremark Red Flags

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    The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.

  • Opinion

    It's Time For The Judiciary To Fix Its Cybersecurity Problem

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    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Considering Judicial Treatment Of The 2023 Merger Guidelines

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    Courts have so far primarily cited the 2023 merger guidelines for propositions that do not differ significantly from prior versions of the guidelines, leaving it unclear whether the antitrust agencies will test the guidelines’ more aggressive theories, and how those theories will be treated by federal judges, say attorneys at Covington.

  • Federal Debanking Scrutiny Prompts Compliance Questions

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    Recent U.S. Small Business Administration guidance sets forth requirements for preventing so-called politicized debanking and specific additional instructions for small lenders, but falls short on clarity for larger institutions, leaving lenders of all sizes with questions as they navigate this unique compliance challenge, say attorneys at Cooley.

  • Series

    Writing Novels Makes Me A Better Lawyer

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    Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.

  • SEC's No-Action Relief Could Dramatically Alter Retail Voting

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    The U.S. Securities and Exchange Commission recently cleared the way for ExxonMobil to institute a novel change in retail shareholder voting that could greatly increase voter turnout, granting no-action relief that represents an effective and meaningful step toward modernizing the shareholder voting process and the much-needed democratization of retail investors, say attorneys at Cozen.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • What's At Stake In Justices' Merits Hearing Of FTC Firing

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    In December, the U.S. Supreme Court will review President Donald Trump's firing of Democratic Federal Trade Commissioner Rebecca Slaughter, a decision that will implicate a 90-year-old precedent and, depending on its breadth, could have profound implications for presidential authority over independent agencies, say attorneys at Holland & Knight.

  • 6 Shifts In Trump Tax Law May Lend A Hand To M&A Strategy

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    Changes in the Trump administration's recent One Big Beautiful Bill Act stand to create a more favorable environment for mergers and acquisitions, including full bonus depreciation and an expanded code section, say attorneys at K&L Gates.

  • Hermes Bags Antitrust Win That Clarifies Luxury Tying Claims

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    A California federal court recently found that absent actual harm to competition in the market for ancillary products, Hermes may make access to the Birkin bag contingent on other purchases, establishing that selective sales tactics and scarcity do not automatically violate U.S. antitrust law, say attorneys at Holland & Knight.

  • Opinion

    High Court, Not A Single Justice, Should Decide On Recusal

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    As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.

  • Series

    Traveling Solo Makes Me A Better Lawyer

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    Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.

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