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Mergers & Acquisitions
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December 03, 2025
ITG Urges Del. Justices To Snuff $250M Reynolds Award
An attorney for ITG Brands LLC told Delaware's Supreme Court on Wednesday that a Chancery Court ruling in April effectively rewrote contract terms, which resulted in the tobacco company's liability for more than $251 million in payments to Florida that ITG never agreed to assume under a settlement covering acquired cigarette brand liabilities.
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December 03, 2025
FTC Clears Boeing's $4.7B Spirit Aero Deal With Fixes
The Federal Trade Commission said Wednesday that enforcers will allow Boeing to move ahead with its planned $4.7 billion purchase of aircraft parts-maker Spirit AeroSystems after the companies agreed to sell several assets.
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December 03, 2025
7 Pension Funds Picked To Lead Neogen Investor Class
A Michigan federal judge Wednesday selected a group of pension funds to serve as a lead plaintiff for Neogen investors alleging the company hid postmerger financial difficulties following a combination with a division of manufacturing giant 3M.
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December 03, 2025
StoreDot, Andretti SPAC Ink $800M Fast-Charge Battery Deal
StoreDot Ltd., an Israeli developer of fast-charging electric vehicle batteries, has struck an $800 million deal to go public through a merger with Andretti Acquisition Corp. II, according to a Wednesday announcement, betting that its technology can cut EV charging times to mere minutes.
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December 03, 2025
2 Firms Advise As Marvell Inks Up To $5.5B Celestial AI Deal
Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP are advising Marvell Technology and Celestial AI, respectively, on an up to $5.5 billion deal that will expand Marvell's position in high-speed connectivity for artificial intelligence data centers.
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December 03, 2025
Home Contractor Platform Changes Hands In $190M Deal
California technology company QuinStreet Inc. said Wednesday it will pay a total of $190 million to acquire HomeBuddy, a homeowner-focused digital marketplace for home improvement contractors.
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December 03, 2025
Ares Plugs $350M Into MGT, Valuing Biz At $1.25B
Technology and advisory solutions firm MGT on Wednesday announced that it secured a $350 million investment from private equity giant Ares Management Corp., sending the company's valuation soaring to $1.25 billion.
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December 03, 2025
Baldwin Group Buying CAC In Nearly $1.4B Insurance Deal
Tampa, Florida-based The Baldwin Group said it has agreed to purchase CAC Group in a transaction valued at up to $1.346 billion, expanding the insurance broker's specialty capabilities and creating one of the largest independent advisory platforms in the U.S.
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December 03, 2025
Latham-Led CVC To Buy Smiths Detection For £2B
Private equity giant CVC said Wednesday that it has agreed to acquire aviation security-screening company Smiths Detection for £2 billion ($2.7 billion) from Smiths Group PLC in a deal guided by Latham & Watkins and Freshfields.
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December 02, 2025
Monthly Merger Review Snapshot
The FTC urged a D.C. court to block a deal involving a new heart valve treatment, and courts rejected the commission's monopolization case over Meta's past acquisitions and the agency's challenge of a medical device coatings deal. Here, Law360 looks at the major merger review developments from November.
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December 02, 2025
Oberon Says UK REIT Owes $40M Fee For Assura Takeover
A New York investment bank accused a healthcare-focused U.K. real estate investment trust and an affiliate of owing more than $40 million after the bank found a real estate portfolio acquisition target for the REIT, in a suit filed Monday in New York federal court.
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December 02, 2025
Precision Aerospace To Go Public Via $320M SPAC Merger
Precision Aerospace & Defense Group Inc., an engineering and manufacturing supplier to the aerospace, defense and space industries, has agreed to go public through a merger with FACT II Acquisition Corp., a special purpose acquisition company.
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December 02, 2025
States' HPE-Juniper Intervention Limited To Settlement
A California federal court's ruling allowing state enforcers to intervene over a deal to end the Justice Department's challenge of Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks is limited to the court's review of the settlement, according to a new order.
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December 02, 2025
A&O Shearman Corporate Pro Joins Holland & Knight In Texas
Holland & Knight LLP announced Monday that it has bolstered its corporate, mergers and acquisitions, and private equity practices with a partner in Austin, Texas, who came aboard from Allen Overy Shearman Sterling.
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December 02, 2025
Trio Of Firms Advises On Planned $500M Eventbrite Sale
Eventbrite Inc. said on Tuesday it has agreed to be acquired by Italian technology company Bending Spoons in an all-cash deal valuing the event management platform at about $500 million and steered by three law firms.
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December 02, 2025
Santander Scores $472M For 3.5% Stake In Polish Unit
Banco Santander SA announced Tuesday it sold 3.5% of equity in its Polish subsidiary, Santander Bank Polska, through an accelerated placement that raised roughly PLN 1.72 billion, or about $472 million.
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December 02, 2025
White & Case-Led Activist Blocks Investment Trusts Merger
Investment companies Edinburgh Worldwide Investment Trust PLC and Baillie Gifford US Growth Trust PLC said Tuesday that activist shareholder Saba Capital Management LP has shut down their proposed merger.
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December 01, 2025
Bristol-Myers Must Face Trimmed $6.7B Celgene Investor Suit
A Manhattan federal judge Monday trimmed UMB Bank's lawsuit accusing Bristol-Myers Squibb of slow-walking the U.S. Food and Drug Administration approval process for three drugs to avoid paying shareholders $6.7 billion owed from its 2019 acquisition of Celgene Corp.
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December 01, 2025
Chancery OKs $9.4M Deal To End Sears Take-Private Suit
Terming it a settlement that is "easy to approve," a Delaware vice chancellor on Monday OK'd a $9.37 million deal to end a suit contesting investor payouts after a take-private deal for Sears Hometown and Outlet stores in 2019.
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December 01, 2025
Chancery Tosses Suit Challenging Auto Repair Biz Sale Nix
Investors in affiliates of auto repair venture Repairify Inc. failed to show an enforceable fiduciary duty breach when they launched a derivative suit accusing the company's controller and others of snubbing a push to sell the business, a Delaware vice chancellor declared on Monday.
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December 01, 2025
Latham-Led Targa To Pay $1.3B For Permian Processing Co.
Targa Resources Corp. said Monday it will acquire Stakeholder Midstream LLC for $1.25 billion in cash, adding an extensive gathering and processing, or G&P, system in the Permian Basin to its asset base.
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December 01, 2025
Somnigroup Lobs All-Stock Takeover Offer For Leggett & Platt
Bedding giant Somnigroup International Inc., advised by Cleary Gottlieb Steen & Hamilton LLP, on Monday revealed it had submitted an unsolicited all-stock takeover proposal for Latham & Watkins LLP-advised Leggett & Platt.
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December 01, 2025
Weil Guides Brookfield On $900M Italian Machinery Biz Deal
Weil Gotshal & Manges LLP-advised Brookfield said on Monday it has agreed to buy Italy's Fosber, a maker of machinery and services for the corrugated packaging industry, in a deal that values the company at about $900 million.
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December 01, 2025
Venezuela Will Challenge $5.9B Sale Of Citgo Parent
Venezuela, the country's state-owned oil company and others have appealed a Delaware federal judge's order approving the $5.89 billion sale of Citgo Petroleum's parent company to an affiliate of hedge fund Elliott Investment Management LP, potentially delaying the long-awaited sale of Venezuela's most significant seizable asset.
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December 01, 2025
3 Firms Steer Goldman's $2B Innovator Capital Buy
Goldman Sachs said Monday that it has agreed to acquire Innovator Capital Management in a deal valued at about $2 billion, a move that will expand its lineup of exchange-traded funds and add $28 billion in assets under supervision.
Expert Analysis
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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A Look At Texas Corp. Law Changes Aimed At Dethroning Del.
Seeking to displace Delaware as the preferred locale for incorporation, Texas recently significantly amended its business code, including changes like codifying the business judgment rule, restricting books and records demands, and giving greater protections for officers and directors in interested transactions, say attorneys at Fenwick.
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Series
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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The State Of Play For Bank Merger Act Applications
Both the Office of the Comptroller of the Currency's recent reversal of changes to its bank merger policies and the Federal Deposit Insurance Corp.'s rescission of its 2024 statement may be relevant for all banks considering a transaction, as responsibility for review depends on the identity of the parties and the transaction structure, say attorneys at Davis Polk.
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Del. Corporate Law Rework May Not Stem M&A Challenges
While Delaware's S.B. 21 introduced significant changes regarding controllers and conflicted transactions by limiting what counts as a controlling stake and improving safe harbors, which would seem to narrow the opportunities to challenge a transaction as conflicted, plaintiffs bringing shareholder derivative claims may merely become more resourceful in asserting them, say attorneys at Debevoise.
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Synopsys-Ansys Merger Augurs FTC's Return To Remedies
The Federal Trade Commission's recent approval of $35 billion merger between Synopsys and Ansys, subject to the divestiture of certain assets, signals a renewed preference for settlements over litigation, if the former can preserve competition and a robust structural remedy is available, say attorneys at Simpson Thacher.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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Operating Via Bank Charter Offers Perks Amid Industry Shift
As bank regulators become more receptive to streamlining barriers that have historically stood in the way of de novo bank formation, and as fintechs show more interest in chartering, attorneys at Goodwin outline the types of charters available and their benefits.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Series
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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5 Ways In-House Counsel Can Stay Ahead Of New HSR Rules
Now that the Trump administration’s new Hart-Scott-Rodino Act rules have been in effect for several months, in-house counsel should consider several practice pointers that can help spearhead management of M&A-related antitrust risk, say attorneys at Squire Patton.
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Series
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Recent Complex Global Deals Reveal Regulatory Trends
An analysis of six complex global deals that were completed or abandoned in the last year suggests that, while such deals continue to face significant and lengthy scrutiny across the U.S, U.K. and European Union, the path to closing may have eased slightly compared to recent years, say attorneys at Weil.
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Series
Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.