On August 16, 2012, IBM announced that it has entered into an agreement to acquire privately held Texas Memory Systems (TMS), a Houston, Texas-based leading developer of high-performance flash memory solutions. Financial terms were not disclosed. Cravath represented IBM in this transaction, which is expected to close later in 2012.
Tags: Cravath, Swaine & Moore LLP | New YorkCravath – Community Health Systems’s $1.6 Billion Registered Secured Notes Offering
Cravath represented the underwriters, led by Credit Suisse, in connection with the $1.6 billion registered offering of high-yield secured notes by CHS/Community Health Systems, Inc., one of the largest publicly traded operators of hospitals in the United States. The transaction closed on August 17, 2012.
Tags: Cravath, Swaine & Moore LLP | New YorkLeading IP Lawyer Joins Orrick in New York
Orrick, Herrington & Sutcliffe LLP announced today that Peter D. Vogl has joined the firm as a partner in its intellectual property practice, resident in New York. Vogl joins Orrick from Jones Day, where he was the co-leader of that firm’s Global Trademark, Unfair Competition and Copyright Group.
Tags: Orrick, Herrington & Sutcliffe, LLP | New YorkSimpson Thacher Represents Non-Management Directors of Aetna Inc. in Connection with Aetna’s $7.3 Billion Acquisition of Coventry Health Care, Inc.
The Firm is representing the non-management directors of Aetna Inc. (NYSE: AET) in connection with Aetna’s acquisition of Coventry Health Care, Inc. (NYSE: CVH) valued at $7.3 billion, including the assumption of Coventry debt, based on the closing price of Aetna common shares on August 17, 2012. Aetna expects to finance the cash portion of the transaction with a combination of cash on hand and by issuing approximately $2.5 billion of new debt and commercial paper.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Sycamore Partners in Raising $1 Billion Private Equity Fund
Simpson Thacher represented Sycamore Partners in connection with its $1 billion inaugural private equity fund, one of the largest first-time funds raised this year. Sycamore is a newly-established private equity firm founded by Stefan Kaluzny. Sycamore, based in New York, specializes in consumer and retail investments.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Underwriters in $700 Million Notes Offerings by Concho Resources Inc.
Simpson Thacher advised the underwriters on a $700 million debt offering by Concho Resources Inc. J.P. Morgan, BofA Merrill Lynch, Barclays and Wells Fargo Securities were the joint book-running managers for the offering. Concho Resources is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents First Data Corporation in Refinancing
The Firm recently represented First Data Corporation (“First Data”) in a refinancing of a portion of its outstanding debt. First Data issued $1.3 billion aggregate principal amount of 6¾% Senior Secured Notes due 2020 in reliance on Rule 144A and Regulation S. First Data also entered into an extension amendment with certain of lenders under its existing senior secured credit facilities.
Tags: Simpson Thacher & Bartlett LLP | New YorkSignificant Expansion of International Arbitration Practice Continues for Quinn Emanuel
The New York office of Quinn Emanuel has recruited attorney Tai-Heng Cheng as a partner to the firm’s international arbitration practice.
Mr. Cheng is a tenured professor and co-chair of New York University’s Institute for Global Law, Justice and Policy. He is a graduate Yale Law School and Oxford University.
Tags: Quinn Emanuel Urquhart & Sullivan, LLP | New YorkQuinn Emanuel Continues to Build Out International Arbitration Practice
The expansion of the firm’s international arbitration practice is a priority for 2012. As part of that effort, Tai-Heng Cheng, tenured professor and Co-Director of New York Law School’s Institute for Global Law, Justice and Policy, has now joined the firm’s New York office as a partner. Stephen Jagusch, former Global Chair of Allen & Overy’s International Arbitration Practice, and his partner Anthony Sinclair, one of the leading public international law practitioners in the field, have announced that they will join the firm’s London office as partners. This follows on the recent additions of David Orta from Arnold & Porter in Washington D.C., and Ivan Marisin, former Managing Partner of Clifford Chance’s Moscow office, and his colleague Vasily Kuznetsov in Moscow. Working alongside the firm’s International and Domestic Arbitration Chair, Fred Bennett, these additions substantially enhance the firm’s ability to represent clients in international arbitration matters.
Tags: Quinn Emanuel Urquhart & Sullivan, LLP | New YorkPaul Hastings Advises Acadia Reality Trust in the Closing of $541 Million Fund
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Acadia Realty Trust (NYSE: AKR), a real estate investment trust, in the final closing of Acadia Strategic Opportunity Fund IV LLC (“Fund IV”). The fund has received total capital commitments of approximately $541 million since its initial closing on May 16, 2012.
Tags: Paul Hastings LLP | New York