Simpson 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.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson 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.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson 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.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Quinn 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.

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Tags:  Quinn Emanuel Urquhart & Sullivan, LLP | New York

Paul 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.

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Tags:  Paul Hastings LLP | New York