Shearman & Sterling is advising Textron Inc. in its acquisition of Beech Holdings, LLC, the parent of Beechcraft Corporation, for approximately $1.4 billion in cash. The transaction is expected to close during the first half of next year, subject to customary closing conditions, including regulatory approvals.
Tags: Shearman & Sterling LLPMonthly Archives: December 2013
DLA Piper advises on Power Grid offering
DLA Piper is pleased to announce that it has served as sole international counsel on the US$1.1 billion offering by Power Grid Corporation of India, the largest power transmission company in India. The deal was led by Citibank, UBS, ICICI, Kotak Mahindra and SBI Capital as underwriters and global coordinators for the offering.
Tags: DLA PiperKing & Wood Mallesons advises DBP on its A$745m bank debt refinancing transaction
King & Wood Mallesons has advised DBP on its A$745m bank debt refinancing transaction, provided by a syndicate of Australian, Asian and Canadian banks.
Tags: King & Wood MallesonsPaul Hastings Represents Gannett in Closing $1.5 Billion Merger with Belo and Related Station Restructuring
Paul Hastings LLP, a leading global law firm, announced today that it represented Gannett Co., Inc. (NYSE: GCI), an international media and marketing solutions company, in connection with its acquisition of Belo Corp., a leading broadcast television company with twenty network-affiliated stations, and a related restructuring of Belo broadcast station assets. The Belo transaction had a total equity value of $1.5 billion.
Tags: Paul Hastings LLPNixon Peabody advises longtime client Gannett in $2.2 billion television deal
Gannett Co., Inc. has completed its acquisition of Belo Corp. for $1.5 billion in cash plus the assumption of $715 million of debt. The combination with Belo nearly doubles Gannett’s broadcast portfolio and creates the largest independent station group of “Big 4” major network affiliates in the top 25 markets, including stations to be serviced by Gannett under shared services and similar arrangements entered into as part of a restructuring. Gannett now reaches approximately one-third of all television households in America. The deal also significantly expands the company’s geographic reach and revenue diversity.
Tags: Nixon Peabody LLPAshurst advises CT Corp of Indonesia on US$1.275bn financings
Cahill Represents Initial Purchasers in €300 Million Notes Offering by Huntsman International
Cahill represented the joint book-running managers in connection with the Reg S/Rule 144A offering o €300,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 by Huntsman International LLC. More >>
Tags: Cahill Gordon & Reindel LLPCovington Advises Tribune Company On $2.73 Billion Acquisition Of Local Tv Holdings
Covington & Burling served as communications regulatory counsel to Tribune Company in its $2.73 billion acquisition of Local TV Holdings, LLC. Completed today, the acquisition includes television stations in more than a dozen key markets. Debevoise & Plimpton served as deal counsel to Tribune Company.
Tags: Covington & BurlingBracewell & Giuliani Represents Kinder Morgan in Acquisition of Jones Act Shipping Tankers
Bracewell & Giuliani LLP is representing Kinder Morgan Energy Partners, L.P. (NYSE: KMP) in its acquisition of American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Partners, for $962 million in cash.
Tags: Bracewell LLPExperienced Labor and Employment Lawyer Joins Morgan Lewis’s Paris Office
Morgan Lewis announced today that Sabine Smith-Vidal, a lawyer with more than two decades of experience handling multijurisdictional labor and employment matters for a wide array of clients, has joined the firm as partner in its Labor and Employment Practice, resident in Paris.
Tags: Morgan Lewis & Bockius LLP