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Mergers & Acquisitions
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February 26, 2026
House Bill Would Cap FCC License Reviews At 180 Days
A bipartisan U.S. House bill introduced Thursday would codify the Federal Communications Commission's standard 180-day limit on reviewing license applications, potentially speeding up merger reviews.
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February 26, 2026
Chancery Asked To OK $7.6M Deal To End $1.5B De-SPAC Row
Stockholders of special purpose acquisition company HighCape Capital LP have sought Delaware Court of Chancery approval for a $7.6 million settlement of a class suit accusing company principals of pursuing an overpriced take-public merger of biopharmaceutical tech company Quantum-Si, in litigation complicated by an unusual discovery stumble.
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February 26, 2026
DirecTV Urges Top FCC Officials To Nix Nexstar-Tegna Deal
DirecTV went to the top ranks of the Federal Communications Commission in recent days to push against the proposed merger of TV station giants Nexstar and Tegna, calling it a clear threat to local media competition.
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February 26, 2026
Chancery Refuses For Now To Make Hecate Pay Lenders $75M
The Delaware Chancery Court has denied renewable energy lenders' bid to immediately seize $75 million in disputed settlement proceeds, ruling that although the lenders are likely to succeed on parts of their contract claims, they failed to justify the extraordinary step of a mandatory injunction.
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February 26, 2026
Willkie Lands A&O Shearman Corporate Finance Pros In Calif.
Willkie Farr & Gallagher LLP is boosting its transactional team, bringing in a pair of Allen Overy Shearman Sterling corporate finance aces as partners in its Silicon Valley office, one of whom will also become the new co-managing partner of that office.
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February 26, 2026
BlueScope Turns $11B Bid Down But Still Open To Talks
Australia's BlueScope Steel Ltd. on Thursday said a revised roughly AU$15 billion ($11 billion) takeover proposal from SGH Ltd. and Steel Dynamics Inc. does not adequately reflect the company's valuation, but it remains open to further discussions.
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February 26, 2026
Barnes & Thornburg Lands Katten M&A Partner In NY
Barnes & Thornburg LLP has expanded its mergers and acquisitions and private equity teams by hiring a former Katten Muchin Rosenman LLP partner.
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February 26, 2026
Freshfields Guides Asahi Kasei Unit In €780M Biopharma Deal
Japanese conglomerate Asahi Kasei Corp. said Thursday it has agreed to buy biopharmaceutical company Aicuris for €780 million ($920 million) cash to fuel the German company's research and development efforts, in a deal steered by Freshfields LLP and Gibson Dunn & Crutcher LLP.
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February 26, 2026
A&O Shearman-Led UAE Aviation Biz To Buy $7B Leasing Co.
Dubai Aerospace said Thursday that it has agreed to acquire international aircraft leasing company Macquarie AirFinance Ltd. for approximately $7 billion in a bid to become "one of the world's most preeminent aircraft leasing companies."
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February 26, 2026
Willkie Leads Victory Capital's Rival Bid For Janus Henderson
U.S. investment manager Victory Capital said Thursday that it is making an offer for asset management group Janus Henderson, which is 16% higher than a bid tabled by Trian Fund Management.
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February 25, 2026
Dems Demand Explanation For DOJ Antitrust Chief's Exit
Two Democrats on the House Judiciary Committee demanded Wednesday that U.S. Attorney General Pam Bondi explain to lawmakers why the U.S. Department of Justice's antitrust chief was forced to resign, expressing concern about the administration's potential interference with merger reviews and antitrust litigation.
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February 25, 2026
IP Co. Investors Sue Over AI-Focused Acquisition Losses
Executives and directors of semiconductor technology company Synopsys Inc. were hit with a shareholder's derivative suit accusing them of misleading investors about the operational challenges faced by one of its segments following a $35 billion acquisition of an artificial intelligence company made in 2024.
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February 25, 2026
Winston & Strawn-Led SPAC Mozayyx Prices Upsized $261M IPO
Special purpose acquisition company Mozayyx Acquisition Corp. began trading publicly on Wednesday after raising $261 million in its upsized initial public offering.
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February 25, 2026
Cox Tells Calif. It Needs Final Ruling On Charter By July
Cable behemoth Cox Communications has told the California Public Utilities Commission that it needs a final decision by July on its $34.5 billion merger with Charter so that the companies have time to close the deal before their federal merger clearance period expires.
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February 25, 2026
EU, UK To Share Info On 'Significant' Antitrust Probes
British and European Union officials signed a new agreement Wednesday promising to notify each other of major merger and antitrust probes and coordinate their efforts "when necessary," in what they called the first dedicated competition cooperation agreement following the United Kingdom's withdrawal from the EU.
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February 25, 2026
Engie To Buy UK Power Networks At $21.4B Enterprise Value
French electric utility Engie said Wednesday it has agreed to acquire UK Power Networks, a top British electricity distribution operator, for an equity value of £10.5 billion ($14.2 billion) and an enterprise value of £15.8 billion, which is about $21.4 billion.
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February 25, 2026
Pension Fund Presses For CEO Texts In $60B Merger Fight
A union pension fund stockholder urged the Delaware Supreme Court on Wednesday to revive its bid for access to a former Pioneer Natural Resources Co. CEO's undisclosed text messages and emails, arguing that the Delaware Chancery Court set an "impossible" standard in denying inspection of communications tied to the company's $60 billion sale to Exxon Mobil Corp.
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February 25, 2026
BasePoint's £543M Offer For Lender Sweetened With Dividend
Lender International Personal Finance said Wednesday that it can pay a special dividend to its shareholders in order to boost a £543 million ($736 million) takeover offer from American specialist finance group BasePoint Capital.
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February 25, 2026
EQT Will Not Make Offer For Oxford Biomedica
EQT said Wednesday that it does not plan to make an offer to buy Oxford Biomedica PLC after holding preliminary talks about potentially acquiring the U.K. business.
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February 25, 2026
2 Firms Help Novacap Land $3.8B For Tech-Focused Fund
Private equity shop Novacap, advised by Willkie Farr & Gallagher LLP and Davies Ward Phillips & Vineberg LLP, on Wednesday revealed it had closed its seventh technology-centered fund with nearly $3.8 billion in committed capital.
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February 25, 2026
Taylor Wessing Steers £186M Bid For Fintech Fund
European investor Verdane said Wednesday that it has offered to acquire Augmentum Fintech, a financial technology investment fund, in a cash deal worth about £185.7 million ($252 million).
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February 25, 2026
Novo's $2.1B Vivtex Deal Boosts Obesity Drug Pipeline
Novo Nordisk said on Wednesday it is partnering with Vivtex Corp. on a deal worth up to $2.1 billion to develop drugs for obesity and related conditions, pressing ahead with a weight loss-drug franchise that has delivered rapid growth alongside regulatory scrutiny and courtroom clashes.
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February 25, 2026
Live Nation Judge Not 'Inclined' To Delay Trial For Appeal
A Manhattan federal judge said Wednesday he is likely to deny counsel for Live Nation's request to appeal rulings sending the government's monopolization claims to trial, after antitrust regulators called that request a "desperate plea" for a delay.
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February 25, 2026
GlaxoSmithKline Buys Canadian Drugmaker For $950M
GSK PLC said Wednesday that it has agreed to pay $950 million in cash for Canadian clinical-stage drugmaker 35Pharma Inc., which is developing a medicine to treat a type of high blood pressure known as pulmonary hypertension.
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February 24, 2026
Protective Gear Co. Misled On Tariffs, Acquisitions, Suit Says
Protective apparel company Lakeland Industries Inc. has been hit with an investor's proposed class action accusing it of damaging shareholders with misleading statements about the value of two companies it had acquired and the impact of tariffs.
Expert Analysis
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Trump's 2nd Term Puts Merger Remedies Back On The Table
In contrast with the Biden administration, the second Trump administration has signaled a renewed willingness to resolve merger enforcement concerns through remedies from the outset, particularly when the proposed fix is structural, clearly addresses the harm and does not require burdensome oversight, say attorneys at Cooley.
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Opinion
Premerger Settlements Don't Meet Standard For Bribery
Claims that Paramount’s decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Román at the Florida International University College of Law.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Series
Law School's Missed Lessons: Learning From Failure
While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.
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Legal Ops, Compliance Increasingly Vital To Antitrust Strategy
With deal timelines tightening and disclosure requirements intensifying, legal operations and compliance teams are becoming critical drivers of premerger strategy, cross-functional alignment and regulatory credibility, says Alexander Lima at Wesco International.
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Series
Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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4th Circ. Favors Plain Meaning In Bump-Up D&O Ruling
The Fourth Circuit's latest denial of indemnity coverage in Towers Watson v. National Union Fire Insurance and its previous ruling in this case lay out a pragmatic approach to bump-up provisions that avoids hypertechnical constructions to limit the effect of a policy's plain meaning, say attorneys at Kennedys.
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Opinion
DOJ's HPE-Juniper Settlement Will Help US Compete
The U.S. Department of Justice settlement with Hewlett Packard Enterprise clears the purchase of Juniper Networks in a deal that positions the U.S. as a leader in secure, scalable networking and critical digital infrastructure by requiring the divestiture of a WiFi network business geared toward small firms, says John Shu at Taipei Medical University.
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Series
Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Building Better Earnouts In The Current M&A Climate
In the face of market uncertainty, we've seen a continued reliance on earnouts in M&A deals so far this year, but to reduce the risk of related litigation, it's important to use objective standards, apply company metrics cautiously and ensure short time periods, among other best practices, say attorneys at White & Case.
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Series
Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.
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A Look At Trump 2.0 Antitrust Enforcement So Far
The first six months of President Donald Trump's second administration were marked by aggressive antitrust enforcement tempered by traditional structural remedies for mergers, but other unprecedented actions, like the firing of Federal Trade Commission Democrats, will likely stoke heated discussion ahead, says Richard Dagen at Axinn.
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Litigation Inspiration: How To Respond After A Loss
Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.
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The Metamorphosis Of The Major Questions Doctrine
The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.