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.

More >>

Tags:  DLA Piper

Paul 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.

More >>

Tags:  Paul Hastings LLP

Nixon 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.

More >>

Tags:  Nixon Peabody LLP