Skadden is representing Theravance Inc. (as co-counsel) in its $1 billion royalty participation agreement with Elan Corporation, plc, announced on May 13. Under the deal, Elan will purchase a 21 percent participation interest in future royalty payments related to four respiratory drug programs partnered with GlaxoSmithKline plc.

Skadden is representing the underwriters in connection with Fomento Económico Mexicano, S.A.B. de C.V.'s $1 billion placement of two tranches of U.S. dollar-denominated bonds in the international capital markets, which closed on May 10. The coupon for the 10-year bond represents the lowest ever achieved by a Latin American corporate issuer in the U.S. dollar bond market.

Law firm Lander & Rogers announced that it has appointed corporate and regulatory lawyer Robert Neely to build the firm's presence in the IT, and telecommunications sectors, and to expand the firm’s competition and consumer law offering.

Akin Gump Strauss Hauer & Feld LLP advised York Capital Management in the proposed acquisition by certain of its affiliates of Primus Telecommunications Group, Incorporated’s (PTGi) North American retail telecommunications operations in the United States and Canada for approximately $129 million.

The Hong Kong office of the Firm represented the underwriters in the US$350.8 million registered follow-on offering of 79,719,958 American Depositary Shares by AU Optronics Corp. (“AUO”). Citigroup Global Markets acted as the Global Coordinator for the offering, and Citigroup Global Markets and UBS AG acted as joint bookrunners for the offering. ANZ, ING Bank, Mizuho Securities and Standard Chartered Securities acted as the Co-Managers of the offering.