Johnson & Johnson’s Offer from Cardinal Health to Acquire Cordis for $1.99 Billion

Johnson & Johnson announced a binding offer from Cardinal Health to acquire its Cordis business for an aggregate value of $1.99 billion, consisting of $1.944 billion of cash proceeds from Cardinal Health plus approximately $46 million of retained net receivables. Cravath is representing Johnson & Johnson in connection with this transaction. The acceptance period for the offer will end on May 30, 2015, unless extended. If the offer is accepted, the proposed transaction would be expected to close towards the end of 2015, subject to customary closing conditions and regulatory approvals.

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Shearman & Sterling Advises Underwriters in Ford Motor Credit Company’s $2.0 Billion Notes Offering

Shearman & Sterling represented Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and RBC Capital Markets, LLC as joint book-running managers and Banco Bradesco BBI S.A., BB Securities Limited, Lloyds Securities Inc., Mizuho Securities USA Inc. and SG Americas Securities, LLC as co-managers in connection with Ford Motor Credit Company LLC’s offering of $500,000,000 aggregate principal amount of its Floating Rate Notes due January 9, 2018, $750,000,000 aggregate principal amount of 2.145% Notes due January 9, 2018 and $750,000,000 aggregate principal amount of 3.219% Notes due January 9, 2022.

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Leading Patent Attorney Jeffrey Lewis Joins Fried Frank’s Intellectual Property Litigation Practice

Fried, Frank, Harris, Shriver & Jacobson LLP announced today that Jeffrey I.D. Lewis has joined the Firm as a partner in the Intellectual Property Litigation Practice, resident in the New York office. Mr. Lewis concentrates on patent litigation and also handles trademark matters, as well as other intellectual property and general litigation. A trained chemical engineer and registered patent attorney, Mr. Lewis represents both plaintiffs and defendants in a range of technology-related sectors but focuses primarily on pharmaceuticals, chemicals, biotechnology and life sciences; he has represented pharmaceutical innovators in numerous Abbreviated New Drug Application (ANDA) patent litigations.

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Constangy, Brooks & Smith Adds Don Prophete as Named Partner

Labor and employment law firm Constangy, Brooks & Smith, LLP announced today that nationally-recognized attorney Donald Prophete is joining the firm which will now be known as Constangy, Brooks, Smith & Prophete, LLP.

Eleven other attorneys from across the country are also joining the firm, which will add offices in Denver and New York to its 25 current locations. The new attorneys come to the firm with a wide range of backgrounds and are part of a concerted effort by Constangy to remain well-positioned to represent employers in the challenges they face in a more tech-savvy, diverse workplace environment.

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Willkie Advises GFI Group in $778 million Sale to BGC Partners

GFI Group Inc. and BGC Partners, Inc. announced on February 27 the successful completion of BGC’s tender offer for GFI shares. Willkie advised GFI Group in an agreement announced earlier this month with BGC Partners under which GFI’s board of directors unanimously agreed to support BGC’s tender offer for all of the outstanding shares of GFI common stock at $6.10 per share in cash. The deal is estimated to be valued at approximately $778 million. The agreement brings to a close a long, protracted takeover battle that began last summer.

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Nielsen Completes $750 Million Notes Offering

Simpson Thacher represented Nielsen Finance LLC and Nielsen Finance Co., indirect subsidiaries of Nielsen N.V., in connection with their issuance of $750 million aggregate principal amount of 5.000% Senior Notes due 2022 in an offering conducted in reliance upon Rule 144A and Regulation S. The notes represent a further issuance of the 5.000% Senior Notes due 2022 that were issued on April 11, 2014 and July 8, 2014. Nielsen intends to use the net proceeds of this offering to make repurchases of its outstanding common stock from time to time, in the open market or otherwise, pursuant to its existing share repurchase programs, to reduce outstanding amounts under its revolving credit facility, to pay related fees and expenses, and for general corporate purposes.

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Kramer Levin Represents General Maritime Corporation in a $3.0 billion Combination with Navig8 Crude Tankers Inc.

General Maritime and Navig8 Crude (N-OTC: BLUE) entered into a definitive agreement to create Gener8 Maritime Inc. (“Gener8 Maritime” or the “Company”), a world-class provider of international seaborne oil transportation services. Under the terms of the agreement, General Maritime and Navig8 Crude will merge to create a company with a fleet valued at over $3.0 billion in a stock-for-stock transaction.

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Blank Rome Adds Labor and Employment Attorneys in New York

Blank Rome LLP is pleased to announce that Rory J. McEvoy has joined the Firm as a Partner in the Labor and Employment group. For nearly four decades, Mr. McEvoy has represented clients in a wide variety of management-side labor and employment matters, including employment litigation in federal and state courts and before federal, state, and local anti-discrimination agencies; collective bargaining; arbitrations; and unfair labor practices before the National Labor Relations Board. In addition, Mr. McEvoy represents clients in all aspects of the employment relationship, including non-compete litigations, breach of employment contracts, wage and hour matters, and defamation. He joins the Firm from Locke Lord Edwards LLP (formerly Edwards Wildman Palmer) where he served as the Chair of the Labor and Employment Group. He is based in Blank Rome’s New York Office.

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