Mergers & Acquisitions

  • April 30, 2026

    Bitcoin Miner MARA Inks $1.5B Deal To Expand Power Assets

    Bitcoin miner MARA Holdings Inc. said Thursday it has agreed to buy FTAI Infrastructure Inc.'s Long Ridge Energy & Power unit for $1.5 billion, including assumed debt, in a deal steered by three law firms.

  • April 30, 2026

    Exec Fired By 5-Hour Energy Founder Wins Trial Over Pay

    A Manhattan federal jury credited severance claims from an executive who worked for the former publisher of Sports Illustrated, awarding him over $1 million after he was fired when the billionaire founder of 5-Hour Energy drinks took control, according to a Thursday verdict sheet.

  • April 30, 2026

    Lazard To Buy HSF Kramer-Led Campbell Lutyens For $575M

    Lazard Inc. said Thursday that it will buy London-based Campbell Lutyens for $575 million to create a global private capital advisory unit.

  • April 30, 2026

    Irish Energy Biz Snubs £5B Bid From KKR-Led Consortium

    DCC PLC said Thursday it has rejected a preliminary £4.95 billion ($6.7 billion) takeover bid from a consortium led by private equity firms Energy Capital Partners LP and KKR, because the proposal significantly undervalues the Irish energy distributor.

  • April 29, 2026

    Vacasa Investors Sue Over Spurned $131M Merger Bid

    Vacation rental company Vacasa is facing a proposed class action in Oregon from stockholders after accepting an acquisition bid from Casago that was $12 million lower on its face than a rival offer from Davidson Kempner Capital Management.

  • April 29, 2026

    Teva Acquires Tourette's Drugmaker For Up To $900M

    Biopharmaceutical company Teva Pharmaceuticals, advised by Faegre Drinker Biddle & Reath LLP, on Wednesday announced plans to acquire Bradley Arant Boult Cummings LLP-advised Emalex Biosciences for up to $900 million.

  • April 29, 2026

    3 Firms Advise Cognizant's $600M AI Infrastructure Co. Buy

    Artificial intelligence builder and technology services company Cognizant said it will expand its AI infrastructure capabilities with the acquisition of San Jose, California-based Astreya for about $600 million, a deal guided by Mayer Brown LLP, Latham & Watkins LLP and Skadden Arps Slate Meagher & Flom LLP.

  • April 29, 2026

    Ropes & Gray Guides Italy's Chiesi On $1.9B US Biotech Deal

    Chiesi Group said Wednesday it will acquire KalVista Pharmaceuticals in a deal valued at about $1.9 billion, expanding the Italian biopharmaceutical company's rare disease portfolio with a newly approved treatment for a rare hereditary swelling disorder. 

  • April 29, 2026

    Skadden, Hannes Steer Kone's €29.4B Deal For German Rival

    Finnish lift engineering heavyweight Kone will buy TK Elevator GmbH in a cash and stock deal that values the German rival at €29.4 billion ($34 billion), the companies said Wednesday.

  • April 29, 2026

    Spanish Travel Tech Biz To Buy Biometrics Co. For €1.2B

    Spain's Amadeus said Wednesday it plans to acquire Idemia Public Security, a French biometrics firm, for €1.2 billion ($1.4 billion) as the travel tech giant seeks to boost its border control capabilities.

  • April 28, 2026

    SPAC Targets Maha Capital In $490M Energy-Fintech Deal

    Maha Capital AB, a Swiss public company that boasts a portfolio of energy-related assets and fintech operations, on Tuesday revealed it had entered into a letter of intent to merge with special purpose acquisition company Blue Water Acquisition Corp. IV to form a new, publicly traded company.

  • April 28, 2026

    US, Australian Firms Guide $835M Greenland Rare Earths Deal

    Critical Metals Corp. plans to acquire all outstanding shares of European Lithium Ltd. in an all-stock transaction valued at about $835 million, in a deal that would consolidate ownership of the Greenland rare earths project Tanbreez. 

  • April 28, 2026

    EU Flags Concerns Over Paper Joint Venture

    European enforcers launched an in-depth investigation Tuesday into a planned joint venture between paper manufacturers UPM and Sappi over concerns about the market for magazine paper and several other products.

  • April 28, 2026

    Ex-Exec, Korean Chip Co. Clash Over $2.36M Buyback

    A Korean semiconductor company specializing in memory chips clashed with a former executive in Delaware Chancery Court on Tuesday over whether a $2.36 million stock buyback stripped him of the right to sue before he filed a records request action.

  • April 28, 2026

    Paul Hastings, Gibson Dunn Steer $739M Ligand-Xoma Deal

    Ligand Pharmaceuticals said it plans to purchase XOMA Royalty in a $739 million deal combining the two biotechnology royalty aggregator companies advised by Gibson Dunn & Crutcher LLP and Paul Hastings LLP.

  • April 28, 2026

    Walgreens Can't Use Recording To Undo Investor Claim In Ill.

    An Illinois federal judge has said she won't toss a claim brought by shareholders alleging a former Walgreens president made a false and misleading statement during an investor conference, rejecting the company's argument that an audio recording of that conference warranted a second look at her dismissal ruling.

  • April 28, 2026

    Paramount Seeks FCC OK For Foreign Stakes In WBD Deal

    Paramount has asked for the Federal Communications Commission's blessing for its $110 billion purchase of Warner Bros. Discovery to be completely foreign-owned, even if it only expects actual foreign ownership to come in at just under 50%.

  • April 28, 2026

    Eli Lilly Inks $2.25B AI Genetics Research Pact With Profluent

    AI-focused biotech Profluent said Tuesday it has entered a multiprogram, strategic research collaboration with Eli Lilly and Co. to treat diseases with high unmet need, in a deal that involves an upfront payment and up to $2.25 billion in additional milestone payments. 

  • April 28, 2026

    BMG To Pay Concord PE Owner $1.16B In Music Biz Merger

    BMG said Tuesday it will combine with fellow independent music company Concord in a deal that includes a $1.16 billion payment to Concord's private equity owners, with four law firms advising.

  • April 28, 2026

    $20M Hair Business Sale Dispute Hits Chancery Court

    A medical aesthetics technology company has sued a Korean buyer in the Delaware Chancery Court, accusing it of backing out of a $20 million deal to purchase a hair restoration business after attempting to slash the price at the last minute.

  • April 27, 2026

    GCI Buys Alaskan Fiber Provider For $310M

    One of Alaska's fiber infrastructure providers is coming under new management after GCI Holdings LLC revealed it has entered into a deal worth some $310 million to acquire telecommunications service provider Quintillion.

  • April 27, 2026

    Battery Co. Hit With Investor Action Over 'Phantom Deals'

    Investors in a company that develops artificial intelligence-enhanced rechargeable batteries filed suit on Monday, claiming the company made misleading statements about its partnerships with other companies and its growth prospects, seeking damages for falling stock prices after the truth came to light.

  • April 27, 2026

    Altria, Juul Can Appeal Class Cert. Decision In Antitrust Suit

    The Ninth Circuit on Monday granted Altria and Juul's request to appeal a ruling certifying several classes of e-cigarette buyers in an antitrust case alleging the companies schemed to have Altria exit the e-cigarette market.

  • April 27, 2026

    United CEO Touts Merger Benefits Despite American Rebuff

    United Airlines' chief executive pressed the merits of a mega airline merger Monday, while also confirming recent reports that he had approached American Airlines about exploring a potential combination, and that American shut the door on any such talks.

  • April 27, 2026

    China Blocks Meta's Planned $2B Manus AI Acquisition

    China's top economic planning body on Monday ordered the cancellation of Meta Platforms Inc.'s planned acquisition of Chinese artificial intelligence company Manus.

Expert Analysis

  • Del. Ruling Shows Power Of Postclose Governance Provisions

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    After the Delaware Court of Chancery reinstated a target company's CEO as part of the equitable remedy in Fortis Advisors v. Krafton, deal parties should emphasize the importance of postclosing governance provisions to earnout economics, knowing that they will have to live with these provisions for the duration of the earnout period, say attorneys at Sidley.

  • Employer Considerations After FTC's Noncompete Warning

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    In light of Federal Trade Commission leadership's recent message that the agency remains committed to challenging noncompetes that operate as restraints of trade, employers should take several practical steps in order to reduce regulatory risk, including auditing existing agreements and narrowing restrictions, says Christopher Pickett at UB Greensfelder.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • Opinion

    State Bars Need To Get Specific About AI Confidentiality

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    Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • Senior Housing Demands A Distinct Dealmaking Playbook

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    An aging population and evolving state regulations underscore a critical reality that senior housing assets can undergo operational or compliance shifts during dealmaking, highlighting the need for unique contractual safeguards like expanded disclosures, anchored notice obligations, and targeted closing conditions and remedies, say attorneys at Goodwin.

  • Seeking A Policy Fix As Merger Reporting Fight Continues

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    A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.

  • 2 Rulings Poke Holes In Mandatory Restitution Framework

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    The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • FTC Focus: Growing Emphasis On Competition In AI

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    The Federal Trade Commission's leadership has continued to highlight that competitive risks in artificial intelligence markets may arise at multiple levels simultaneously, considering not only who controls the resources necessary to build AI systems, but also how those systems function and yield outputs, say attorneys at Proskauer.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Key Takeaways From The 2026 ABA Antitrust Spring Meeting

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    Last week's American Bar Association Spring Meeting revealed an antitrust landscape defined by heightened friction and tension — between federal and state enforcers, domestic and international regimes, competing political visions, and traditional enforcement tools and novel challenges, say attorneys at Skadden.

  • In First For DOJ, Action Signals New CFIUS Enforcement Era

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    The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.

  • Getting The Most Out Of Learning And Development Programs

    Excerpt from Practical Guidance
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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

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