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Mergers & Acquisitions
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October 31, 2025
Taxation With Representation: Skadden, Davis Polk
In this week's Taxation With Representation, American Water Works Co. and Essential Utilities announce a merger, semiconductor companies Skyworks and Qorvo combine to create an industry giant, and Terex Corp. and REV Group team up to form a specialty equipment manufacturer.
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October 31, 2025
NC Attorney General, HCA Duel Over Merger Commitments
The North Carolina Attorney General's Office and HCA Healthcare have offered competing interpretations of a 2019 merger agreement in their efforts to secure a pretrial win in the state's compliance case involving the purchase of an Asheville hospital system.
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October 31, 2025
Paul Weiss PE Partner On The Evolution Of Sports Investing
On the heels of launching its official sports practice, Paul Weiss Rifkind Wharton & Garrison LLP partner Marco Masotti spoke with Law360 about the booming sports deals market, as the sector experiences a steady stream of new private investment.
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October 31, 2025
Goodmans-Led Silver Giant To Buy Gold Miner For $556M
Fresnillo, the world's largest silver producer, said Friday that it has agreed to acquire Probe Gold Inc. for approximately 780 million Canadian dollars ($556 million) in an all-cash deal guided by Goodmans LLP and Stikeman Elliott LLP.
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October 30, 2025
CoreWeave's $9B Deal For Core Scientific Scrapped After Vote
CoreWeave Inc.'s deal to acquire crypto mining company Core Scientific Inc. for roughly $9 billion has been terminated after Core Scientific's shareholders voted against the proposed merger, the companies announced Thursday.
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October 30, 2025
Lockheed To Integrate Gemini For On-Premises Infrastructure
Google's Gemini models will be deployed in Lockheed Martin's on-premises artificial intelligence platform as part of an effort to enable faster data analysis and accelerate research and development, according to a new strategic partnership announced by the companies.
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October 30, 2025
NBA OKs Walter's Purchase Of Lakers, Ends Buss Family Era
Mark Walter, co-chair and CEO of holding company TWG Global, was approved Thursday as majority owner of the Los Angeles Lakers by a unanimous vote of NBA owners.
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October 30, 2025
3 Firms Steer $9B Terex-REV Specialty Equipment Deal
Fried Frank Harris Shriver & Jacobson LLP and Pryor Cashman LLP are advising Terex Corp. on a new agreement to merge with Davis Polk & Wardwell LLP-advised REV Group in a stock-and-cash transaction valued at about $9 billion, the companies announced Thursday.
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October 30, 2025
OpenAI Preps For IPO At $1T Valuation, Plus More Rumors
Sam Altman's OpenAI is prepping plans for an initial public offering that could value the artificial intelligence behemoth at up to $1 trillion, Facebook-owner Meta is preparing for an up to $25 billion bond offering, and major banks are gearing up for the launch of a $38 billion debt offering to fund data centers to be used by technology giant Oracle.
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October 30, 2025
London Stock Exchange Botched MayStreet Deal, Suit Says
MayStreet Inc.'s co-founder and former CEO sued the London Stock Exchange Group PLC and a few of its subsidiaries Thursday in the Delaware Chancery Court, claiming they lured him into selling the company with false promises of growth and then failed to honor post-closing obligations under the merger contract.
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October 30, 2025
3rd Circ. Affirms Tax On Interest In $191M Pharma Family Feud
A pharmaceutical company's $191 million payment settling a family feud was for the sale of a family trust's ownership shares and included interest taxed as ordinary income, the Third Circuit said Thursday, rejecting the trust's claim that the money should be taxed at the lower, capital gains rate.
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October 30, 2025
Novo Nordisk Bids $9B For Metsera, Jeopardizing Pfizer Deal
Metsera Inc. said Thursday that Novo Nordisk has put forth a $9 billion buyout proposal that is "superior" to its existing agreement to sell itself to Pfizer, prompting a response from Pfizer stating that it is prepared to "pursue all legal avenues" to keep its agreement intact.
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October 30, 2025
Wachtell, Debevoise Help AIG Buy $2.1B Stake In Insurer
Insurance heavyweight AIG, led by Wachtell and Debevoise, said Thursday that it will buy a minority stake in Weil-guided underwriter and insurer Convex Group Ltd. for $2.1 billion.
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October 30, 2025
Freshfields-Led Cicor To Pay £287M For TT Electronics
Swiss electronics maker Cicor Technologies Ltd. said Thursday it has agreed to acquire British engineering group TT Electronics PLC in a £287 million ($378.2 million) cash-and-share transaction to expand its specialist manufacturing presence in a "fragmented" sector.
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October 29, 2025
Compass Loses Bid For Redfin Docs In Zillow Antitrust Suit
A New York federal court Wednesday refused to order property listing company Redfin Corp. to turn over documents requested by brokerage Compass in its antitrust suit against Zillow Inc., finding that the request should have been made in Washington federal court instead.
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October 29, 2025
DOJ Says State AGs Can't 'Second-Guess' HPE Merger Deal
The U.S. Department of Justice and Hewlett Packard Enterprise separately urged a California federal judge Tuesday not to let a dozen state attorneys general peek behind the controversial settlement clearing HPE's $14 billion purchase of Juniper Networks, arguing public comment, not direct intervention, is their appropriate role.
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October 29, 2025
Taro Pharma Beats Investor Suit Over $43-Per-Share Buyout
A New York federal judge tossed a proposed class action brought by minority shareholders of Taro Pharmaceutical Industries Ltd. that alleged the company and its majority shareholder misled them during the approval process for a $43-per-share buyout, finding the minority shareholders have failed to plead any actionable misstatements or omissions.
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October 29, 2025
Licensing Co. Picks Up Xerox Patent Portfolio
A unit of a Santa Clara, California-based patent monetization outfit said Wednesday it has boosted its intellectual property assets by acquiring thousands of patents across the globe from Xerox.
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October 29, 2025
PE Firm's £187M Bid For Engineer Renold Becomes Effective
Renold said Wednesday that private equity company MPE Partners' approximately £186.7 million ($247 million) takeover of the British industrial chain manufacturer has become effective, after the High Court sanctioned the deal on Monday.
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October 29, 2025
Kirkland, Simpson Advise On $2.2B Jamf Go-Private Deal
Tech-focused private equity firm Francisco Partners will acquire Jamf in an all-cash transaction valued at approximately $2.2 billion, the companies said Wednesday, in a deal steered by Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP.
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October 29, 2025
CMA Finalizes Updates To Simplify Phase 1 Merger Probes
The Competition and Markets Authority has finalized a series of updates to its merger control processes, aiming to make its reviews faster, clearer and more predictable to help make the U.K. more business-friendly.
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October 29, 2025
3 Firms Guide Thermo Fisher On $8.9B Clario Deal
Thermo Fisher Scientific Inc. said on Wednesday it will acquire Clario Holdings Inc., a provider of endpoint data solutions for clinical trials, from a shareholder group led by Astorg, Nordic Capital, Novo Holdings and Cinven for $8.875 billion in cash.
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October 29, 2025
CMA Clears Healthcare Property Biz's £1.8B Assura Deal
The competition regulator said on Wednesday that it has cleared the acquisition by Primary Health Properties of rival healthcare properties landlord Assura PLC for approximately £1.8 billion ($2.38 billion).
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October 29, 2025
London Court Backs Corpay's £1.6B Deal For Alpha Group
A London court has given the green light to the £1.6 billion ($2.1 billion) acquisition of foreign exchange platform Alpha Group International PLC by Corpay Inc., paving the way for the deal to complete.
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October 28, 2025
3 Firms Guide Apex Treasury's $300M Blockchain, Crypto IPO
Special purpose acquisition company Apex Treasury Corp., guided by Perkins Coie LLP and Appleby (Cayman) Ltd., has completed a $300 million blockchain and cryptocurrency-focused initial public offering, which was supported by Pillsbury Winthrop Shaw Pittman LLP-led underwriters.
Expert Analysis
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Series
Volunteering At Schools Makes Me A Better Lawyer
Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.
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How Trump Administration's Antitrust Agenda Is Playing Out
Under the current antitrust agency leadership, the latest course in merger enforcement, regulatory approach and key sectors shows a marked shift from Biden-era practices and includes a return to remedies and the commitment to remain focused on the bounds of U.S. law, say attorneys at Wilson Sonsini.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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A Look At Texas Corp. Law Changes Aimed At Dethroning Del.
Seeking to displace Delaware as the preferred locale for incorporation, Texas recently significantly amended its business code, including changes like codifying the business judgment rule, restricting books and records demands, and giving greater protections for officers and directors in interested transactions, say attorneys at Fenwick.
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Series
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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The State Of Play For Bank Merger Act Applications
Both the Office of the Comptroller of the Currency's recent reversal of changes to its bank merger policies and the Federal Deposit Insurance Corp.'s rescission of its 2024 statement may be relevant for all banks considering a transaction, as responsibility for review depends on the identity of the parties and the transaction structure, say attorneys at Davis Polk.
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Del. Corporate Law Rework May Not Stem M&A Challenges
While Delaware's S.B. 21 introduced significant changes regarding controllers and conflicted transactions by limiting what counts as a controlling stake and improving safe harbors, which would seem to narrow the opportunities to challenge a transaction as conflicted, plaintiffs bringing shareholder derivative claims may merely become more resourceful in asserting them, say attorneys at Debevoise.
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Synopsys-Ansys Merger Augurs FTC's Return To Remedies
The Federal Trade Commission's recent approval of $35 billion merger between Synopsys and Ansys, subject to the divestiture of certain assets, signals a renewed preference for settlements over litigation, if the former can preserve competition and a robust structural remedy is available, say attorneys at Simpson Thacher.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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Operating Via Bank Charter Offers Perks Amid Industry Shift
As bank regulators become more receptive to streamlining barriers that have historically stood in the way of de novo bank formation, and as fintechs show more interest in chartering, attorneys at Goodwin outline the types of charters available and their benefits.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Series
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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5 Ways In-House Counsel Can Stay Ahead Of New HSR Rules
Now that the Trump administration’s new Hart-Scott-Rodino Act rules have been in effect for several months, in-house counsel should consider several practice pointers that can help spearhead management of M&A-related antitrust risk, say attorneys at Squire Patton.
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Series
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.