Mergers & Acquisitions

  • October 16, 2025

    Bavarian Nordic Gets Sweetened $3.1B Bid But Hurdles Linger

    Danish vaccine biotech Bavarian Nordic on Thursday urged shareholders to accept a sweetened, roughly $3.1 billion buyout bid from a group of private equity firms, but the shareholder acceptances required for a deal to proceed remain well short of the 75% minimum. 

  • October 16, 2025

    Oakley Capital Investments To Gain £16M From AtHome Sale

    Oakley Capital Investments Ltd. said Thursday that it will gain approximately £16 million ($21.5 million) from the sale of atHome Group by fund managers Oakley Capital Ltd. and Mayfair Equity Partners. 

  • October 16, 2025

    Keysight Completes £1.2B Purchase Of Telecoms Biz Spirent

    U.S. technology company Keysight Technologies Inc. said it has finalized its acquisition of U.K. telecoms tester Spirent Communications PLC for £1.16 billion ($1.56 billion).

  • October 15, 2025

    Jack Smith And Other Ex-DOJ Staffers Slam Trump Purge

    Former U.S. Department of Justice employees, including former special counsel Jack Smith, spoke out Wednesday in support of colleagues fired or forced to resign by the Trump administration, issuing a warning about the "existential crisis" born from efforts to use the agency to punish the president's political opponents.

  • October 15, 2025

    States Want To Keep Eye On $14B HPE-Juniper Deal Review

    The Justice Department is in the middle of trying to settle its challenge to Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks, but a dozen states are now trying to get involved and have asked a California federal judge to allow them to intervene in the litigation.

  • October 15, 2025

    Chancery 'Rewrote' $3.4B Merger Deal, J&J Tells Del. Justices

    Johnson & Johnson told the Delaware Supreme Court on Wednesday that the Chancery Court "rewrote" its $3.4 billion agreement for the acquisition of surgical robotics firm Auris Health, wrongly using the implied covenant of good faith and fair dealing to impose obligations the company never accepted.

  • October 15, 2025

    9th Circ. Lets Alaska Flyers Redo Hawaiian Merger Case

    The Ninth Circuit found that a lower court was right to toss a case from flyers and travel agents challenging the $1.9 billion merger between Alaska Airlines and Hawaiian Airlines but said they should have been given a chance to revise their allegations.

  • October 15, 2025

    Skadden, Kirkland Guiding Lone Star's $3.8B Hillenbrand Buy

    Skadden-led Hillenbrand Inc. will be acquired by an affiliate of Kirkland-advised Lone Star Funds in an all-cash transaction with an enterprise value of approximately $3.8 billion, the provider of industrial processing equipment said Wednesday. 

  • October 15, 2025

    Greenberg Traurig Lands Wilson Sonsini Life Sciences Pro

    Greenberg Traurig LLP has added a California partner from Wilson Sonsini Goodrich & Rosati with in-house and government legal experience to enhance its capacity to handle matters for clients in life sciences, artificial intelligence, biotechnology and other industries.

  • October 15, 2025

    Alston & Bird-Led TrueCar Goes Private In $227M Deal

    Automotive digital marketplace company TrueCar, advised by Alston & Bird LLP, on Wednesday revealed plans to go private after being bought by Perkins Coie LLP-led Fair Holdings in a $227 million deal.

  • October 15, 2025

    3 Firms Guiding S&P's Planned $1.8B Buy Of With Intelligence

    S&P Global Inc. said Wednesday it has agreed to acquire With Intelligence, a private markets data and analytics provider, from a group led by majority investor Motive Partners, for $1.8 billion.

  • October 15, 2025

    Novo Nordisk Licenses Omeros' Rare Disease Drug For $2.1B

    Denmark's Novo Nordisk SA said Wednesday that it will license an antibody from U.S. biopharma Omeros Corp. for up to $2.1 billion in order to expand its portfolio of therapies for rare diseases.

  • October 15, 2025

    BlackRock, Nvidia-Led Group Buying Aligned In $40B Deal

    The Artificial Intelligence Infrastructure Partnership, MGX and BlackRock's Global Infrastructure Partners said Wednesday they have agreed to acquire Aligned Data Centers from Macquarie Asset Management and co-investors, in a deal valuing Aligned at about $40 billion.

  • October 15, 2025

    Altice Rejects €17B Bid From French Telecoms Operators

    Telecoms group Altice France said Wednesday that it has "immediately rejected" a €17 billion ($19.8 billion) joint offer from French telecommunications operators Orange, Iliad and Bouygues Telecom for the majority of its domestic operations.

  • October 15, 2025

    Advent's $1.3B Bid For Chipmaker Wins Shareholder Backing

    U.S. private equity entity Advent said Wednesday that it has persuaded 67.55% of shareholders in Swiss chipmaker U-blox Holding AG to sell their stakes, signaling the success of its 1.03 billion Swiss franc ($1.3 billion) takeover offer.

  • October 14, 2025

    NC Court Denies Early Ruling In Hospital Antitrust Case

    Owners of a healthcare system in western North Carolina couldn't prevail in an early summary judgment attempt to avoid antitrust claims, after a North Carolina Business Court judge said the complexity of the request at hand precludes a "piecemeal" ruling.

  • October 14, 2025

    Freshfields Guides J&J's Planned Orthopedics Unit Spinoff

    Johnson & Johnson said Tuesday it intends to separate its orthopedics business into a stand-alone company within the next 18 to 24 months, with Freshfields LLP advising on the planned spinoff of the unit. 

  • October 14, 2025

    House of Doge To Go Public In Reverse Merger With Brag House

    House of Doge, led by Seward & Kissel LLP, will merge with esports platform Brag House Holdings Inc., which is being steered by Lucosky Brookman LLP, in a reverse merger backed by $50 million in capital investments that will see the cryptocurrency company go public.

  • October 14, 2025

    Catching Up With Delaware's Chancery Court

    Last week at the Delaware Chancery Court, Vice Chancellor Lori W. Will ruled that Carlos Vasallo remains the CEO of Caribevision TV Network LLC, finding that majority investors' attempt to remove him under a defective 2019 agreement was invalid for lack of proper notice.

  • October 14, 2025

    Covington, Sidley Guide $700M BioCryst Allergic Disease Deal

    BioCryst Pharmaceuticals Inc. will purchase Astria Therapeutics Inc., a biopharmaceutical company focused on therapies for allergic and immunologic diseases, in a cash and stock deal worth about $700 million, the companies announced Tuesday.

  • October 14, 2025

    Wachtell, Latham Steer $8.2B Timber Merger Of Equals

    Rayonier Inc. and PotlatchDeltic Corp. said Tuesday they have agreed to merge in an all-stock deal that will create an $8.2 billion entity and one of North America's largest publicly traded timber and wood products companies.

  • October 14, 2025

    Petershill To Sell Stake In VC Firm To Goldman Sachs

    Petershill Partners PLC said Tuesday that it has agreed to sell a majority of its stake in Industry Ventures to Goldman Sachs as a part of the global investment heavyweight's $965 million takeover of the venture capital investor.

  • October 14, 2025

    Malibu Life To Buy Texan Life Insurer TruSpire For $45M

    Malibu Life Holdings Ltd. said Tuesday that it will buy life and retirement insurance business TruSpire from Mutual of America Life Insurance Co. for $45 million to enter the U.S. direct annuity issuance business.

  • October 13, 2025

    Kirkland-Led Warburg Pincus To Buy Software Co. For €700M

    Private equity group Warburg Pincus LLC said Monday it has agreed to buy PSI, a German software company, for approximately €702 million ($812 million), to increase its presence in the growing global energy and industrial technology sector.

  • October 13, 2025

    7 Firms Guide €16B Merger Of UK, Greek Lottery Operators

    Allwyn International AG, the Swiss operator of the U.K. National Lottery and a Greek betting business said Monday that they would merge to form a multinational gambling group valued at €16 billion ($18.5 billion).

Expert Analysis

  • Del. Dispatch: Open Issues After Corp. Law Amendments

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    Recent amendments to the Delaware General Corporation Law represent a significant change in the future structuring of boards and how the First State will approach conflicted transactions, but Delaware courts may interpret the amendments narrowly, limiting their impact, say attorneys at Fried Frank.

  • Series

    Playing Football Made Me A Better Lawyer

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    While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.

  • What Del. Supreme Court LKQ Decision Means For M&A Deals

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    The Delaware Supreme Court's recent decision in LKQ v. Rutledge greatly increases the enforceability of forfeiture-for-competition provisions, representing an important affirmation of earlier precedent and making it likely that such agreements will become more common in M&A transactions, say attorneys at Mayer Brown.

  • 10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

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    The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.

  • Series

    Power To The Paralegals: The Value Of Unified State Licensing

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    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • Key Digital Asset Issues Require Antitrust Vigilance

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    As the digital assets industry continues to mature and consolidate during Trump 2.0, it will inevitably bump up against the antitrust laws in a new way, with potential pitfalls related to merger reviews, conspiratorial or monopolistic conduct, and interlocking directorates, say attorneys at Crowell & Moring.

  • 10 Soft Skills Every GC Should Master

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    As businesses face shifting regulatory and technological uncertainty, general counsel will need to strengthen certain soft skills to succeed, from admitting when they make a mistake to maintaining a healthy dose of dispassion, says Douglas Brown at Manatt.

  • How Proxy Advisory Firms Are Approaching AI And DEI

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    Institutional Shareholder Services' and Glass Lewis' annual updates to their proxy voting guidelines reflect some of the biggest issues of the day, including artificial intelligence and DEI, and companies should parse these changes carefully, say attorneys at Cahill Gordon.

  • An Unrestrained, Bright-Eyed View Of Legal AI's Future

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    Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.

  • Tracking The Evolution In Litigation Finance

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    Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.

  • Keys To Regulatory Diligence In Life Sciences Transactions

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    Conducting effective regulatory due diligence for life sciences deals requires careful review of a target company's activities, and separate sets of considerations for commercial and pipeline products, says Anna Zhao at GunnerCooke.

  • Series

    Volunteer Firefighting Makes Me A Better Lawyer

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    While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.

  • Calif. Antitrust Laws May Turn More Zealous Than US Regs

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    California is poised in the next 18 months to significantly expand its antitrust laws, broadening the scope of liability and creating a premerger review process that could be more expansive than review under the Hart-Scott-Rodino Act, say attorneys at Munger Tolles.

  • E-Discovery Quarterly: The Perils Of Digital Data Protocols

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    Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.

  • A Look At M&A Trends In An Uncertain Deal Environment

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    Dealmakers are adopting more cautious and deliberate merger and acquisition practices, such as earnout agreements, joint ventures and strategic partnerships that mitigate risk and bridge valuation gaps, amid the slower pace so far in 2025, says Louis Lehot at Foley & Lardner.

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