Blackstone Infrastructure has agreed to acquire regulated utility holding company TXNM Energy in an all-cash transaction valued at $11.5 billion, including net debt and preferred stock, TXNM said in a Monday announcement.
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TOP NEWS

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Kirkland Guides Blackstone's $11.5B Deal For TXNM Energy

By Al Barbarino

Blackstone Infrastructure has agreed to acquire regulated utility holding company TXNM Energy in an all-cash transaction valued at $11.5 billion, including net debt and preferred stock, TXNM said in a Monday announcement.

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Dutch Investor Launches €4.1B Offer For Just Eat Takeaway

By Dawood Fakhir

Dutch investment group Prosus said Monday that it has launched a formal offer to acquire Just Eat Takeaway.com in a €4.1 billion ($4.6 billion) take-private deal to "build a Europe-based food delivery champion" after they reached a conditional agreement in February.

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AI Startup CoreWeave Seeks $1.5B Debt After IPO Shortfall

By Tom Zanki

Artificial intelligence startup CoreWeave Inc. said Monday it plans to raise $1.5 billion in debt less than two months after its highly anticipated initial public offering fell short of expectations, represented by Fenwick & West LLP and Kirkland & Ellis LLP.

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DEALS

Kirkland-Led Eagle Merchant Wraps Second Fund At $415M

By Jade Martinez-Pogue

Eagle Merchant Partners, a private equity shop represented by Kirkland & Ellis LLP, announced Monday it clinched its second fund with $415 million in tow.

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KKR, Stonepeak Take Swipe At PHP's Rival Bid For Assura

By Najiyya Budaly

U.S. private equity firms KKR and Stonepeak urged shareholders in property manager Assura on Monday to back their £1.6 billion ($2.1 billion) takeover offer, saying that a rival £1.7 billion bid could be financially risky and harmful.

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LITIGATION

Cos. Fight Recusal Bid In Antitrust Case Over Clerk Ties

By Ryan Boysen

The Minnesota federal judge overseeing a major pork price-fixing case shouldn't have to recuse himself just because one of his clerks worked at plaintiffs-side firms, pork purchaser plaintiffs say, calling the defendants' request a cynical ploy that comes on the eve of trial.

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Minority Investors Claim Colo. Gas Co. Forced Unfair Buyout

By Thy Vo

Two shareholders are suing a Denver natural gas marketing company, its board and majority shareholders for allegedly forcing minority owners to redeem shares at far below their value, claiming in a Colorado state court complaint that the forced sell-off amounted to self-dealing that violated an operating agreement.

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PEOPLE

Simpson Thacher Adds Ex-Carlyle Director To Funds Practice

By Rachel Rippetoe

Simpson Thacher & Bartlett LLP announced Monday that it has added the former legal director to global investment firm The Carlyle Group as a partner in its private funds practice in Washington, D.C.

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Mayer Brown Taps Sidley Attorney As Practice Co-Lead

By Andrea Keckley

Mayer Brown LLP announced Monday that it has appointed a former Sidley Austin LLP attorney in New York to co-lead its financial services mergers and acquisitions practice.

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Covington Corporate M&A Atty Moves To Clifford Chance

By Tracey Read

Clifford Chance LLP has hired a Covington & Burling LLP partner for its U.S. corporate mergers and acquisitions practice to strengthen its capabilities in the healthcare and life sciences sector, the firm said Monday.

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EXPERT ANALYSIS

What We Lost After SEC Eliminated Regional Director Role

Former U.S. Securities and Exchange Commission Regional Director Marc Fagel discusses the recent wholesale elimination of the regional director position, the responsibilities of the job itself and why discarding this role highlights how the appearance of creating a more efficient agency may limit the SEC's effectiveness.

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LEGAL INDUSTRY

Feds To Use FCA To Go After Antisemitism, DEI Policies

By Lauren Berg

The U.S. Department of Justice announced Monday that it will use the False Claims Act to go after any recipients of federal funds that the agency determines promote diversity, equity and inclusion policies, and allow antisemitism to thrive.

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Posner Wins Ex-Staffer's $170K Wage Suit

By Emily Sawicki

A former executive at retired Seventh Circuit Judge Richard Posner's short-lived pro bono legal services organization lost his bid for $170,000 in back pay he claimed to be owed on Monday when an Indiana federal court found claims to be untimely.

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Goldstein Assails 'Radical' DOJ Case, Probe Of 'Sexual Habits'

By Jeff Overley

In his most forceful attack on tax evasion charges that have roiled the U.S. Supreme Court bar, indicted appellate icon Thomas C. Goldstein is accusing the U.S. Department of Justice of embracing "breathtaking" legal theories and revealing prurient information about him "to bias the grand jury."

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Ex-Litigator Settles Disability Bias Suit Against Wilson Elser

By Emily Sawicki

A former Wilson Elser Moskowitz Edelman & Dicker LLP litigator on Monday agreed to permanently drop his federal disability bias suit against the firm, after the sides came to a confidential resolution.

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Avenatti Rips 'Draconian' Bid To Add 13 Years To Sentence

By Elliot Weld

Former high-profile attorney Michael Avenatti asked a California federal judge to reject the government's request to tack on more than 13 years to his prison term, saying such a "draconian" result would conflict with a Ninth Circuit ruling wiping out a previous sentence in the fraud case.

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Justices Allow End Of Temporary Protections For Venezuelans

By Katie Buehler

The U.S. Supreme Court ruled Monday that the Trump administration may rescind temporary protected status for Venezuelans, lifting a California federal judge's order requiring the government to keep Biden-era removal protections and work authorizations in place during a legal battle over a policy change.

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Split DC Circ. Pauses Halt On Trump's Union Rights Order

By Beverly Banks

A divided D.C. Circuit panel greenlighted President Donald Trump's request to pause a lower court decision that blocked the implementation of an executive order aimed at ending collective bargaining rights for federal employees, concluding the injunction ruling "ties the government's hands."

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COMPANIES IN TODAY'S NEWS

ACLU of Northern California Inc.

Agri Stats Inc.

Albertsons Cos. Inc.

Alex Lee Inc.

American Civil Liberties Union

American Civil Liberties Union of Southern California

American Foreign Service Association

Aramark

Associated Food Stores Inc.

BJ's Wholesale Club Holdings Inc.

Bank of America Corp.

Bi-Lo

Brookshire Grocery

Certco Inc.

Chicken Salad Chick LLC

Clemens Food Group LLC

Cottrell Inc.

Euronext Amsterdam NV

Getty Images Holdings Inc.

Giant Eagle Inc.

Gordon Food Service Inc.

Hertz Global Holdings Inc.

Hormel Foods Corp.

Hy-Vee

JBS USA Holdings Inc.

KKR & Co. Inc.

LinkedIn Corp.

London Stock Exchange Group PLC

Maximum Quality Foods

McDonald's Corp.

Meta Platforms Inc.

Microsoft Corp.

Morgan Stanley

NVIDIA Corp.

Naspers

National Treasury Employees Union

Nike Inc.

Save Mart Supermarkets

Sherwood Food Distributors LLC

Smithfield Foods Inc.

SpartanNash Co.

Stanford University

Stonepeak Infrastructure Partners

Sysco Corp.

Target Corp.

The Carlyle Group Inc.

The Goldman Sachs Group Inc.

The Golub Corp.

The Kraft Heinz Co.

The Kroger Co.

Topco Associates LLC

Triumph Foods LLC

Tyson Foods Inc.

UCLA School of Law

URM Stores Inc.

Winn-Dixie Stores, Inc.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Axinn Veltrop

Bowmans

Brown Fox PLLC

CMS Cameron McKenna

Cadwalader Wickersham

Clifford Chance

Covington & Burling

Cuneo Gilbert

Davis Polk

De Brauw

Debevoise & Plimpton

Eichhorn & Eichhorn

Faegre Drinker

Fenwick & West

Freshfields

Gibson Dunn

Goldstein & Russell

Greene Espel

Greenspoon Marder

Gustafson Gluek

Hagens Berman

Hogan Lovells

Husch Blackwell

Jenner & Block

Jones Day

Kellogg Hansen

Kirkland & Ellis

Larkin Hoffman

Larson King

Latham & Watkins

Lockridge Grindal

Maduegbuna Cooper

Marcus & Shapira

Mayer Brown

Milbank LLP

MoloLamken

Munger Tolles

Nabarro LLP

Paul Weiss

Pearson Warshaw

Perkins Coie

Quinn Emanuel

Robins Kaplan

Ropes & Gray

Schneider Wallace Cottrell Konecky LLP

Sidley Austin

Simpson Thacher & Bartlett LLP

Skadden Arps

Spencer Fane

Sperling Kenny

Stinson LLP

Susman Godfrey

Taft Stettinius

Travers Smith

Troutman

White & Case

Willkie Farr

WilmerHale

Wilson Elser

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Alcohol and Tobacco Tax and Trade

Bureau of Land Management

Federal Communications Commission

Internal Revenue Service

New Mexico Public Regulation Commission

Nuclear Regulatory Commission

Office of the Comptroller of the Currency

Public Utility Commission of Texas

U.S. Agency for International Development

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the District of Maryland

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Department of Energy

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of State

U.S. District Court for the Central District of California

U.S. District Court for the District of Maryland

U.S. District Court for the District of Minnesota

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Indiana

U.S. District Court for the Southern District of New York

U.S. Environmental Protection Agency

U.S. Office of Personnel Management

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado