Mergers & Acquisitions

  • July 08, 2025

    Soccer Portfolio CEO Claims Fraud Over Failed SPAC Merger

    The owner of a company with a portfolio of soccer clubs has filed suit against two financiers and an associated sports investment company, alleging that, in a complex financing deal, they'd misrepresented the prospects that they could bring his company public via merger with their special purpose acquisition company.

  • July 08, 2025

    Jones Day Helps TopBuild On $810M Progressive Roofing Buy

    TopBuild Corp. will acquire commercial roofing company Progressive Roofing for $810 million in cash, with Jones Day advising TopBuild and Brownstein Hyatt Farber Schreck LLP representing Progressive Roofing and its private equity owner, the companies said Tuesday.

  • July 08, 2025

    Linqto Hits Ch. 11 Amid SEC Probe, Compliance Concerns

    Linqto, a platform that connected investors with pre-IPO startups and other privately held firms, has filed for bankruptcy in Texas amid an investigation by the U.S. Securities and Exchange Commission and internal concerns over its compliance with securities laws.

  • July 08, 2025

    CMA Weighs Probe Of Greencore's £1.2B Bid For Bakkavor

    The U.K. antitrust watchdog said Tuesday that it is taking soundings about whether to launch an investigation into Greencore Group PLC's proposed £1.2 billion ($1.6 billion) acquisition of rival Bakkavor Group PLC, a British convenience food maker.

  • July 07, 2025

    Credit Suisse Can't Ditch Bondholder's UBS Merger Suit

    A New York federal judge Monday rejected Credit Suisse's bid to escape investor litigation alleging it concealed the impact of quarterly losses and the bank's inability to retain clients leading up to its takeover by UBS AG while certifying a class of investors and consolidating two cases for pretrial proceedings.

  • July 07, 2025

    Meta Seeks Exhibit Protections As Del. Privacy Trial Looms

    An attorney for social media giant Meta Platforms Inc. sought Delaware Court of Chancery approval Monday for document and exhibit public display protections during an eight-day trial set to start July 16 on stockholder claims alleging more than $8 billion in settlement and litigation cost damages dating to 2012.

  • July 07, 2025

    Fanatics Told To Give Panini Licensing Docs In Antitrust Case

    A New York federal court said Monday that Fanatics Inc. must turn over unredacted versions of its licensing deals with major sports leagues and player associations that are at the heart of Panini America Inc.'s case accusing Fanatics of monopolizing the sports trading card market.

  • July 07, 2025

    Chancery Won't Sink Investor Suit Against Gaming Co. Skillz

    Delaware's chancellor has rejected calls to dismiss a derivative suit accusing insiders of mobile gaming company Skillz Inc. of misleading investors about weak prospects ahead of a secondary public offering in 2021, instead ordering a summary judgment proceeding to drill down on the issue of director independence.

  • July 07, 2025

    Strategy Eyes $4.2B Offering To Bolster Bitcoin-Buying Spree

    Michael Saylor's Strategy Inc. said Monday it has launched another preferred stock offering that can raise up to $4.2 billion in order to acquire bitcoin, building on the company's blueprint for stockpiling the flagship cryptocurrency.

  • July 07, 2025

    Royal Gold To Acquire Sandstorm, Horizon Copper For $3.7B

    Royal Gold Inc. has agreed to acquire Sandstorm Gold Ltd. in an all-share transaction valued at approximately $3.5 billion and Horizon Copper Corp. in an all-cash deal worth about $196 million, the companies announced Monday.

  • July 07, 2025

    PE Dealmakers Best-Suited To Cut Through M&A Challenges

    In part two of this M&A market review, industry attorneys dig into how regulatory shifts are impacting the M&A landscape, from increased paperwork to continued scrutiny of tech transactions. They also outline how and why private equity has emerged as a bright spot in the market, playing an outsize role in dealmaking.

  • July 07, 2025

    Ex-FTC Antitrust Chief Returns To Covington As Co-Chair

    Covington & Burling LLP has rehired the former director of the Federal Trade Commission's Bureau of Competition as a co-chair of its antitrust and competition practice group in Washington, D.C., the firm announced Monday.

  • July 07, 2025

    Catching Up With Delaware's Chancery Court

    In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely," Tyson Foods won $55 million in damages in a suit claiming the owner of two poultry rendering plants Tyson acquired hid that it relied on a "disfavored" practice of recovering "unappetizing remnants of butchered chickens," and a suit over a one-site bank's 11-aircraft fleet was moved into the discovery phase.

  • July 07, 2025

    2 SPACs Seek To Raise $210M Combined Amid Rebound

    Two special purpose acquisition companies have filed plans for initial public offerings totaling $210 million, expanding a growing pipeline of new listings, led by Asia-focused Chenghe Acquisition's third vehicle and a new entrant to the SPAC market.

  • July 07, 2025

    3 Firms Advise On $9B CoreWeave Deal For Core Scientific

    Davis Polk & Wardwell LLP and Kirkland & Ellis LLP are advising CoreWeave on a new agreement to acquire Wachtell Lipton Rosen & Katz-advised Core Scientific at an implied equity value of approximately $9 billion, the companies announced Monday.

  • July 07, 2025

    Aussie Miner Accepts Revised $150M Bid From UK Rival

    U.K. miner Central Asia Metals said Monday that the board of Australian rival New World Resources Ltd. has accepted its sweetened bid of approximately 230 million Australian dollars ($150 million), ditching a competing offer from a Canadian private equity firm.

  • July 07, 2025

    Capgemini To Buy Tech Biz WNS For $3.3B In AI Expansion

    French consultancy Capgemini SE said Monday that it will buy technology outsourcing specialist WNS for $3.3 billion in cash to boost its artificial intelligence services.

  • July 07, 2025

    Paul Hastings Adds Antitrust Pro, DOJ Alum From Paul Weiss

    Paul Hastings LLP announced on Monday that it has hired a former Paul Weiss Rifkind Wharton & Garrison LLP lawyer and U.S. Department of Justice alum known for his work on antitrust matters ranging from bet-the-company transactions to high-stakes litigation.

  • July 04, 2025

    Sidley, A&O Shearman Steer Athora's £5.7B Pensions Biz Buy

    Retirement group Athora Holding Ltd. will buy U.K. buyout specialist Pension Insurance Corp. for £5.7 billion ($7.8 billion) from an investment consortium, the companies have confirmed, a transaction that will create an insurance savings heavyweight in Europe.

  • July 03, 2025

    Tyson Settles Fight With Chicken Farmers Over Mo. Plant Sale

    Tyson Foods has settled its declaratory action against Skaggs Bros & Sons Farms LLC that sought an order finding its sale of a shuttered broiler chicken processing plant to Cal-Maine Foods Inc. last year didn't violate antitrust laws, according to a notice filed in Missouri federal court.

  • July 03, 2025

    NY Landlord Sues Walmart, Others In Del. Alleging Fraud

    A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.

  • July 03, 2025

    Implant Co. Sues Zimmer Biomet In Del. Over Milestone Miss

    A securityholder representative for biomaterial implant developer Embody Inc. has accused Zimmer Biomet Holdings Inc. of buying Embody and then immediately undermining the new subsidiary's ability to hit product development milestones worth some $120 million, according to a recently unsealed complaint.

  • July 03, 2025

    CMA To Review Global Payments' $24.2B Worldpay Deal

    British competition officials said this week that they were beginning their initial evaluation of Global Payments Inc.'s plans, unveiled earlier this year, to purchase payments giant Worldpay from GTCR and FIS for $24.25 billion.

  • July 03, 2025

    Circuit-By-Circuit Recap: Justices Send Message To Outliers

    It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.

  • July 03, 2025

    The Moments That Shaped The Universal Injunction Case

    The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.

Expert Analysis

  • Opinion

    DOJ's HPE-Juniper Challenge Is Not Rooted In Law

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    Legal precedents that date back as far as 1990 demonstrate that the U.S. Department of Justice's recent challenge to the proposed $14 billion merger between Hewlett Packard and Juniper is misplaced because no evidence of collusion or coordinated conduct exists, says Thomas Stratmann at George Mason University.

  • 5 Keys To Building Stronger Attorney-Client Relationships

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    Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.

  • How Rising Secondary Private Markets Affect Tech Disputes

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    The rise of secondaries is a natural by-product of growing and evolving private markets and, as such, we can expect their growth will continue, signaling an increase in the use of secondaries in damages as well as litigation revolving around secondaries themselves, says Farooq Javed at The Brattle Group.

  • How The AI Antitrust Landscape Might Evolve Under Trump

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    The Trump administration's early actions around artificial intelligence and antitrust policy, along with statements from competition regulators, suggest that the AI competition landscape may see reduced scrutiny around acquisitions, but not an entirely hands-off enforcement approach, say attorneys at Hogan Lovells.

  • Series

    Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

  • Bill Would Bring Welcome Clarity To Del. Corporate Law

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    A recently proposed bill in Delaware that would provide greater predictability for areas including director independence and controlling stockholders reflects prudential adjustments consistent with the state's long history of refining and modernizing its corporate law, say attorneys at Simpson Thacher.

  • Opinion

    Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Del. Supreme Court TripAdvisor Ruling May Limit 'MFW Creep'

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    The Delaware Supreme Court's recent Maffei v. Palkon ruling regarding TripAdvisor's proposed reincorporation to Nevada potentially signals a turning point in the trend of expanding the protections from Kahn v. M&F Worldwide to other types of transactions, says Andrew J. Haile at Elon University.

  • Antitrust In Retail: Rude Awakening For FTC In Tempur Sealy

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    A Texas federal court's recent denial of a Federal Trade Commision order to stop a giant mattress merger because of lack of evidence on market segments shows that such definitions are only a viable path for regulating vertical mergers if antitrust agencies provide adequate documentation, says David Kully at Holland & Knight.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Opinion

    US Steel-Nippon Merger Should Not Have Been Blocked

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    The Biden administration's block of the U.S. Steel and Nippon Steel merger on national security grounds was unconstitutional overreach and needs to be overturned, with the harms remedied in federal court, says attorney Chuck Meyer. 

  • Biden-Era M&A Data Shows Continuity, Not Revolution

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    While the federal antitrust agencies under former President Joe Biden made broad claims about increasing merger enforcement activity, the data tells a different story, with key claims under Biden coming in at the lowest levels in decades, say attorneys at Covington.

  • What Travis Hill's Vision For FDIC Could Portend For Banks

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    If selected to lead the Federal Deposit Insurance Corp. in a permanent capacity, acting Chairman Travis Hill is likely to prioritize removing barriers to innovation and institution-level growth, emphasizing the idea that eliminating rules, relaxing standards and reducing scrutiny will reinvigorate the industry, say attorneys at Mitchell Sandler.

  • Exploring China's 1st Administrative Merger Control Ruling

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    As the first judicial ruling in China's merger control regime, the Beijing Intellectual Property Court's recent upholding of Simcere's acquisition of Tobishi helps to clarify how the Chinese antitrust authority and court assess remedies, say attorneys at Tian Yuan Law Firm.

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