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Mergers & Acquisitions
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November 19, 2025
Alkermes, Avadel Bump Deal To $2.37B After Alternate Bid
Alkermes PLC said on Wednesday that its agreement to purchase Avadel Pharmaceuticals PLC has been increased to as much as $2.37 billion after a third party threw an alternate bid into the mix.
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November 19, 2025
3 Firms Lead Churchill Capital's Latest $300M SPAC Filing
Special purpose acquisition company Churchill Capital Corp. XI, the latest in a string of SPACs founded by former Citi executive Michael Klein, has launched plans to raise up to $300 million in its initial public offering built by three law firms.
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November 19, 2025
3 Firms Build $450M Blockfusion SPAC Merger
Data center infrastructure company Blockfusion USA Inc. on Wednesday unveiled plans to go public by merging with special purpose acquisition company Blue Acquisition Corp. in a $450 million deal that was built by three law firms.
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November 19, 2025
Wachtell Guides $1.9B Adobe Buy Of Davis Polk-Led Semrush
Adobe Inc. said Wednesday it has agreed to acquire Semrush Holdings Inc., a provider of search and brand visibility tools, for $12 per share in cash, valuing the company at about $1.9 billion.
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November 19, 2025
Weil Guides Dycom On $2B Data Center Contractor Deal
Weil Gotshal & Manges LLP is advising Dycom Industries Inc. on its planned acquisition of Power Solutions, in a deal that values the Miles & Stockbridge PC-advised data center electrical contractor at $1.95 billion, according to a Wednesday announcement.
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November 18, 2025
Ex-PetIQ Exec Cops To Insider Trading Ahead Of Acquisition
A former executive for Idaho-based PetIQ has pled guilty to insider trading after using another person's brokerage account to purchase stock in his company ahead of its planned acquisition in 2024, court filings show.
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November 18, 2025
23andMe Seeks OK On Updated $9M Settlement
23andMe asked a Missouri bankruptcy judge to approve a deal that will modify a settlement with data breach claimants to encompass more claims and pay $9 million, saying doing so will avoid litigation.
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November 18, 2025
11th Circ. Won't Revive Oil Contract Suit Against Siemens
The Eleventh Circuit has upheld the dismissal of a Saudi company's business interference complaint against Siemens Energy Inc. because Siemens, as the owner of the company's joint venture partner, was not a stranger to the agreement.
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November 18, 2025
States Can Intervene Over DOJ's HPE Merger Deal
A California federal court granted a request on Tuesday from state enforcers asking to participate in a review of the U.S. Department of Justice's controversial settlement allowing Hewlett Packard Enterprise to move ahead with its $14 billion purchase of Juniper Networks.
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November 18, 2025
Ex-Dechert Moscow Office MP Joins BCLP's DC Office
Bryan Cave Leighton Paisner LLP has hired the one-time managing partner of Dechert LLP's Moscow office, whose practice focuses on advising corporations, banks, investment funds and other clients on mergers and acquisitions matters, cross-border transactions and matters related to emerging markets, the firm announced Tuesday.
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November 18, 2025
Redfin Investor Denied Atty Fees For Rocket Cos. Merger Suit
A Washington federal judge has denied a Redfin investor an award of $450,000 in legal fees to counsel at Monteverde & Associates PC and Wohl & Fruchter LLP after the judge determined that the investor failed to show that his efforts produced material benefits for shareholders voting on Redfin's merger with Rocket Cos. Inc.
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November 18, 2025
Carrington Coleman Picks Up 4-Atty Corporate Team In Dallas
Carrington Coleman Sloman & Blumenthal LLP has bulked up its corporate and mergers and acquisitions offerings with a four-attorney team from Dallas regional firm Underwood Perkins PC, including that firm's former CEO.
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November 18, 2025
Sheppard Mullin Antitrust Leader Returns To King & Spalding
The former leader of Sheppard Mullin Richter & Hampton LLP's healthcare antitrust team is returning to King & Spalding LLP, a firm where he worked for more than a decade, helping clients through deal reviews by the Federal Trade Commission, an agency where he once worked as an attorney.
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November 18, 2025
Judge Punts FTC Suit Over Meta's Instagram, WhatsApp Buys
A federal antitrust campaign against major technology platforms suffered a significant blow Tuesday with a D.C. federal judge's rejection of a Federal Trade Commission suit accusing Meta Platforms of illegally monopolizing social media through its purchases of WhatsApp and Instagram.
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November 18, 2025
3 Firms Advise On $1.1B Deal For Topgolf Majority Stake
Three law firms are advising on a deal announced Tuesday that will see Leonard Green & Partners LP purchase a majority stake in the entertainment and driving range businesses of Topgolf Callaway Brands Corp. at a $1.1 billion value.
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November 18, 2025
Davis Polk Hires Sports Leader In New York From Proskauer
Davis Polk & Wardwell LLP announced that its mergers and acquisitions group has added a former Proskauer Rose LLP attorney who will also lead the firm's sports practice.
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November 18, 2025
Swiss Tech Biz Revises £287M Bid For UK Engineering Group
Swiss electronics giant Cicor said Tuesday that it has tabled a more "flexible" offer to buy British engineering group TT for approximately £287 million ($377 million), after some investors expressed concern about owning shares in a Zurich-listed company.
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November 18, 2025
5 Firms Aid Paints, Coatings Biz Merger To Create $25B Giant
AkzoNobel NV, owner of paints-maker Dulux, and Axalta Coating Systems said on Tuesday that they will combine their operations in an all-share deal to create a $25 billion coatings company in a merger of equals.
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November 17, 2025
Chancery Mulls Receiver For Foundering Gaming Chat Co.
Saying the court stands at "the outer boundaries" of precedent, a Delaware vice chancellor on Monday declined for now to appoint a receiver for voided predecessor of online gaming chat venture TeamSpeak Inc. and ordered targeted discovery regarding the standing of a stockholder who sued the company's directors and others for alleged breaches of fiduciary duty.
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November 17, 2025
UConn Health Poised To Buy Hospital In $35M Ch. 11 Deal
Bankrupt for-profit hospital operator Prospect Medical Holdings Inc. on Monday sought approval for the $35 million sale of Waterbury Hospital in Connecticut to two UConn Health units under a stalking horse bid package filed in early November.
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November 17, 2025
DOJ Defends HPE Merger Deal As 'Prudent Compromise'
The Justice Department told a California federal judge to pay no heed to the "politicians and advocacy groups" opposing the controversial settlement clearing Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks, arguing their concerns about improper lobbying influence are outside the scope of the court's review.
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November 17, 2025
TerraForm Stockholders Settle Suit Over Brookfield Merger
Brookfield Asset Management Inc. and TerraForm Power Inc. stockholders reported a tentative, undisclosed deal on Monday to end their nearly four-year Delaware Chancery Court battle over Brookfield's alleged "exploitation" of TerraForm's minority stockholders in a deal dating to 2020.
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November 17, 2025
Holyoak Leaves FTC For Interim US Atty In Utah
Melissa Holyoak left the Federal Trade Commission on Monday to become Utah's interim U.S. attorney, leaving the FTC down to two commissioners, both Republicans, in the Trump administration's latest use of interim U.S. attorney appointments.
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November 17, 2025
Ill. OKs Next Step For LevelField's Crypto-Focused Bank Bid
LevelField Financial Inc. announced Monday that an Illinois regulator has given it the green light for the next step of its planned acquisition of Burling Bank, furthering its plan to launch an insured bank that offers crypto services with the help of its acquisition counsel Hunton Andrews Kurth LLP.
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November 17, 2025
UK Firms Drive Transatlantic Appetite For M&A Dealmaking
The merger announced Monday between British legal giant Ashurst LLP and American law firm Perkins Coie LLP is the latest in a spate of deals driven, in part, by an appetite among global firms to gain a strong presence in the U.S.
Expert Analysis
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FTC Focus: When Green Goals And Antitrust Law Collide
A recently concluded Federal Trade Commission investigation has turned an emissions deal involving major U.S. heavy-duty truck manufacturers that was brokered by the California Air Resources Board into a cautionary tale about the potential for environmental agreements to run afoul of competition rules, say attorneys at Proskauer.
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Structuring Noncompetes In License And Collaboration Deals
As companies grappling with coming patent cliffs look to mergers and acquisitions to compensate, contracting parties assessing biopharma license and collaboration agreements should prepare to agree on noncompetes that ensure the parties' respective objectives are met and that their incentives are aligned, both under their collaboration and beyond, says Jeff Jay at Freshfields.
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Series
Coaching Cheerleading Makes Me A Better Lawyer
At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.
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Series
Law School's Missed Lessons: How To Make A Deal
Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.
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Annual Report Shows CFIUS Extending Its Reach In 2024
The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn.
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From Clerkship To Law Firm: 5 Transition Tips For Associates
Excerpt from Practical Guidance
Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.
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Cybersecurity Risks Can Lurk In Gov't Contractor Acquisitions
The Justice Department’s recent False Claims Act enforcement activity against Raytheon and Nightwing-related defense contractors demonstrates the importance of identifying and mitigating potential cybersecurity compliance risks when acquiring a company that contracts with the federal government, say attorneys at Foley & Lardner.
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Associates Can Earn Credibility By Investing In Relationships
As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.
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Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling
The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.
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Opinion
Aviation Watch: Liability Lessons From 737 Max Blowout
The National Transportation Safety Board's recently released report on the 2024 door plug blowout on board a Boeing 737 Max airliner helps illuminate how a company's strategic mistakes can lead to flawed decision-making and supply chain oversight failures, ultimately increasing regulatory and legal exposure, says Alan Hoffman, a retired attorney and aviation expert.
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Opinion
Sometimes Int'l Competition Should Trump Antitrust Concerns
The U.S. Justice Department's approval of HPE's $14 billion acquisition of Juniper Networks shows that a merger that significantly enhances innovation and competitiveness may serve consumer and national interests despite marginally increasing industry concentration, says John Reeves at Reeves Law.
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Divest Order Shows How Security Fears Extend CFIUS Scope
A recent White House order forcing a Chinese company to divest its 2020 acquisition of a U.S. audiovisual supplier demonstrates the Committee on Foreign Investment in the United States’ growing power to sink foreign transactions over national security concerns — and the enormous risks to U.S. companies from such reviews, say attorneys at Bass Berry.
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Series
Quilting Makes Me A Better Lawyer
Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.
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SDNY Ruling Reinforces Joint Steering Committee Obligations
The recent Southern District of New York decision in ChemImage v. Johnson & Johnson makes joint steering committees a valuable tool in strategic relationships, as provisions for such committees can now be wielded to demand attention to core issues, say Lisa Bernstein at the University of Chicago Law School, and Reginald Goeke and Brad Peterson at Mayer Brown.
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What 2 Profs Noticed As Transactional Law Students Used AI
After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.