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Mergers & Acquisitions
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February 12, 2026
BakerHostetler Adds 3 More Dealmakers From Loeb In NY
BakerHostetler announced on Thursday that it is bolstering its transactions bench with three New York-based mergers and acquisitions attorneys from Loeb & Loeb in a move that the firm says strengthens its offerings in middle-market M&A transactions.
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February 12, 2026
DOJ Antitrust Chief Slater Stepping Down
Assistant Attorney General Gail Slater, head of the U.S. Department of Justice's Antitrust Division, said on Thursday she will be leaving her post just shy of a year after being confirmed by the Senate.
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February 12, 2026
Daily Mail Owner's £500M Telegraph Deal To Be Scrutinized
The government said Thursday that it has referred the £500 million ($681 million) acquisition of Telegraph Media Group by the owner of the Daily Mail newspaper to the competition and communications regulators after raising concerns about media plurality in the U.K.
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February 12, 2026
Elliott Takes Stake In Stock Exchange Group, More Rumors
Activist investor Elliott Management has taken a sizable stake in the London Stock Exchange Group as it faces underperformance, payments company giant Stripe is planning a tender offer that could value it at $140 billion, and private equity firm Hellman & Friedman is looking to buy payments firm Bill Holdings.
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February 12, 2026
4 Firms Guide Blackstone, EQT's $6.6B Spanish Recycler Deal
Blackstone and EQT AB said Thursday that they will buy Spanish recycling company Urbaser from Platinum Equity LLC for $6.6 billion as they seek to cash in on the growing industrial waste management sector.
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February 12, 2026
Deutsche Börse To Buy PE Firm's Data Biz Stake For €1.1B
Deutsche Börse Group said it has agreed to buy the remaining 20% minority stake held by global private equity firm General Atlantic in Iss Stoxx, which provides data, analytics and indexes, for €1.1 billion ($1.3 billion).
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February 12, 2026
Clifford Chance-Led Nuveen To Buy Schroders For £9.9B
Schroders said Thursday that it has agreed to a £9.9 billion ($13.5 billion) cash takeover by U.S. asset manager Nuveen in a transaction that would take one of the City's historic names into private ownership.
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February 11, 2026
Del. Justices Grapple Over Truth Social Share Math
An attorney for the firm that helped launch Donald Trump's social media company told Delaware's justices Wednesday that a vice chancellor erred in requiring the venture to "prove a negative" in calculations of investor stakes in the run-up to the venture's special purpose acquisition company transaction.
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February 11, 2026
Anesthesia Group Looks To End FTC Rollup Suit
U.S. Anesthesia Partners has urged a Texas federal court to end the Federal Trade Commission's case accusing the group of buying competing practices through a so-called rollup strategy, asserting that enforcers have no evidence of any harm to competition.
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February 11, 2026
Pa. City Sues Over Sewers, Urged To Pull Ch. 9 Plan
The bankrupt city of Chester, Pennsylvania, has brought a lawsuit in its longstanding fight over sewer pipe ownership, and the Philadelphia suburb's water authority told a judge Wednesday the city needs a new restructuring plan after the state's highest court foreclosed an attempt to take control of its water system.
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February 11, 2026
Sidley, Fried Frank Steer $1.5B Great Lakes Dredge Deal
U.S. dredging services provider Great Lakes Dredge & Dock Corp. said Wednesday it has agreed to be acquired by privately held transportation and marine services company Saltchuk Resources Inc. in a deal valued at $1.5 billion.
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February 11, 2026
Bankruptcy Court Asked To Keep Nicklaus Biopic Deal Intact
A film production company has urged a Delaware bankruptcy court not to allow any successful bidder for brand licensing rights of Jack Nicklaus to disturb a biopic screenplay agreement involving an affiliate of the insolvent business bearing the golf legend's name, saying the firm's role is commercially critical.
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February 11, 2026
Ancora Opposes Netflix-WBD Merger, Backs Paramount Bid
Ancora Holdings Group said Wednesday it opposes Warner Bros. Discovery's planned merger with Netflix, faulting the deal's financial structure and describing its path to regulatory approval as a "Hail Mary," while supporting a competing bid from Paramount Skydance Corp.
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February 11, 2026
Financial Advisory Co. Province Acquires StoneTurn
Restructuring and financial advisory firm Province announced on Wednesday the purchase of compliance advisory firm StoneTurn, resulting in a combined company of 300 professionals operating across 19 offices on five continents.
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February 11, 2026
Paul Weiss, Dechert Steer QXO's $2.25B Kodiak Buy
Building products distributor QXO Inc. said Wednesday it has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, with Paul Weiss Rifkind Wharton & Garrison LLP advising QXO and Dechert LLP representing Kodiak.
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February 10, 2026
America's Test Kitchen Harvests Food52 Assets In Ch. 11
A Chapter 11 deal to serve up assets of cooking and home goods e-commerce company Food52 Inc. to America's Test Kitchen secured a Delaware Bankruptcy judge's approval Tuesday, one of three sale measures totaling nearly $12.5 million to move forward.
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February 10, 2026
Millicom, NJJ Buy Telefonica's Chile Mobile Biz In $1.2B Deal
Spanish telecommunications group Telefonica said Tuesday it has sold its Chilean mobile business to a consortium led by French holding company NJJ and Luxembourg-based Millicom in a deal with a firm value of about $1.22 billion.
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February 10, 2026
Delaware Justices Bar Damages For Invalid Noncompetes
The Delaware Supreme Court on Tuesday affirmed a Delaware Chancery Court ruling that barred Fortiline Inc. and its parent, Patriot Supply Holdings Inc., from recovering damages for breaches of noncompete and nonsolicitation agreements that had already been deemed unenforceable.
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February 10, 2026
Broadcasters Fight 39% Media Ownership Cap In Hill Hearing
TV broadcasters told the U.S. Senate Tuesday that lawmakers never meant to permanently cap national audience share controlled by a single station owner at 39%, as conservative outlet Newsmax argued there's support from both the left and right for keeping the limit in place.
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February 10, 2026
Eddie Bauer Stores Get Ok For Early March Ch. 11 Auction
A New Jersey bankruptcy judge approved a Chapter 11 schedule Tuesday for the retail operator for outdoor clothing brand Eddie Bauer that will see the company on the block by early March and any unsold stores closed for good by the end of April.
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February 10, 2026
Paul Hastings Lands 8 More Attys For New Charlotte Office
A second group of fund finance lawyers has joined Paul Hastings LLP's new Charlotte, North Carolina, office from Cadwalader Wickersham & Taft LLP, Haynes Boone and Mayer Brown LLP.
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February 10, 2026
Presidio Seeks $1B Debt To Fund Deals After SPAC Merger
Oil and gas operator Presidio Investment Holdings on Tuesday revealed that it is working with banking giant Goldman Sachs on a debt facility worth up to $1 billion to be administered once it completes its merger with special purpose acquisition company EQV Ventures Acquisition Corp. and becomes a public company.
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February 10, 2026
Freshfields, Kirkland Steer $6.2B Clear Channel Outdoor Deal
Advertising company Clear Channel Outdoor Holdings Inc. has agreed to be acquired by Mubadala Capital in partnership with TWG Global in an all-cash deal valuing the company at $6.2 billion.
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February 10, 2026
European Wax Center To Go Private In $330M Cash Deal
Waxing services giant European Wax Center Inc. on Tuesday announced plans to go private after being acquired by investor General Atlantic in an all-cash deal valued at roughly $330 million.
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February 10, 2026
Paramount Amends Warner Bid To Cover Netflix Breakup Fee
Paramount Skydance Corp. said Tuesday it has sweetened its $30 per share, all-cash tender offer for Warner Bros. Discovery by adding new financial protections and regulatory assurances, and offering to pay the breakup fee if WBD walks away from its existing deal with Netflix.
Expert Analysis
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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.
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Biotech Collaborations Can Ease Uncertainty Amid FDA Shift
As concerns persist that the U.S. Food and Drug Administration's reduced headcount will impede developments at already-strapped biotech companies, licensing and partnership transactions can provide the necessary funding and pathways to advance innovative products, say attorneys at Troutman.
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Series
Playing Mah-Jongg Makes Me A Better Mediator
Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.
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Business Court Bill Furthers Texas' Pro-Corporate Strategy
The Texas Legislature's recent bill to enhance corporate protections and expand access to the Texas Business Court by refining its jurisdictional standards is just the latest step in the state's playbook for becoming the new center of corporate America, say attorneys at Katten.
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FTC Staff Cuts Unlikely To Curb Antitrust Enforcement Agenda
While Federal Trade Commission Chair Andrew Ferguson's recent commitment to reducing agency staff may seem at odds with the Trump administration's commitment to antitrust enforcement, a closer analysis shows that such reductions have little chance of derailing the president's efforts, say attorneys at Squire Patton.
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Series
Law School's Missed Lessons: Navigating Client Trauma
Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.
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Opinion
4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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Takeaways From EU's Review Of Merger Control Guidelines
The European Commission’s newly launched consultation on the European Union’s merger guidelines will explore whether and how merger control should consider key policy objectives, such as innovation, investment incentives and security, say lawyers at Latham.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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Identifying Data Center Investment Challenges, Opportunities
The role of data centers is expanding, as are new opportunities for private capital investors, but there are issues to consider, including finance models and contract complexity, as well as power supply, cyber threat resilience and data sovereignty, say lawyers at Ropes & Gray.
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Leveraging Diligence Findings For Better Life Sciences Deals
Life sciences parties should utilize due diligence strategically to review and draft deal documents, address issues identified during the diligence, and craft solutions to achieve the party's transactional goals, says Anna Zhao at Gunner Cooke.