Davis Polk advised Morgan Stanley & Co. LLC in connection with a variable maturity accelerated share repurchase transaction it entered into with BMC Software, Inc., under which BMC will repurchase $750 million of its common stock. The total number of shares to be repurchased will be determined over a period that is expected to last no longer than approximately seven months.
Tags: Davis Polk & Wardwell | New York
Katten Muchin Rosenman LLP announced today that prominent environmental attorney Matt Paulson will join the firm as a partner, resident in Austin, Texas, where he currently is based, and will head up Katten’s Environmental Aspects of Energy Production Practice.
Tags: Katten Muchin Rosenman LLP | Austin
Glen P. Trudel, an attorney known for his work on financial services and banking regulatory matters, has joined Ballard Spahr as a partner in Delaware, firm Chair Mark S. Stewart announced today.
Tags: Ballard Spahr LLP
In the largest real estate deal this year, Morrison & Foerster LLP is representing leading residential real estate investment trust Equity Residential (NYSE: EQR) in a joint agreement with AvalonBay Communities to acquire a vast portfolio of U.S. apartment properties owned by Archstone. Equity Residential and AvalonBay are acquiring the portfolio from the Lehman Brothers estate for approximately $16 billion. The deal marks the largest real estate transaction since Blackstone Group’s $26 billion acquisition of Hilton Worldwide Inc. in 2007.
Tags: Morrison & Foerster LLP | New York
Shearman & Sterling represented Deutsche Bank AG, London Branch and Standard Chartered Bank as dealers in connection with Banco Santander Chile’s offering of Chinese Renminbi 500 million 3.75% Senior Fixed Rate Notes due 2014 issued under Banco Santander Chile’s U.S.$5.5 billion Medium-Term Notes Program.
Tags: Shearman & Sterling LLP | Sao PauloShearman & Sterling advised Jefferies Finance LLC, as administrative agent, collateral agent, sole lead arranger and bookrunner, in connection with a $355 million refinancing and one-time dividend transaction, comprised of a $220 million first lien term loan, a $25 million first lien revolver, and $110 million second lien term loan facility, for P2 Energy Solutions, Inc., a portfolio company of Vista Equity Partners which provides software and data services to the upstream oil and gas industry.
Tags: Shearman & Sterling LLP | New York
A team of Akin Gump attorneys is advising the Special Committee of Chinese pork and produce processor Zhongpin Inc. in its definitive agreement and plan to merge that will take the company private.
Tags: Akin Gump Strauss Hauer & Feld LLP | Hong Kong
The Firm represented underwriters, led by BofA Merrill Lynch and RBS, in a public offering of $350 million principal amount of 4.875% Notes due 2022 of Avnet, Inc.
Tags: Simpson Thacher & Bartlett LLP | Los Angeles