The international law firm Greenberg Traurig Maher LLP represented AstraZeneca, the global biopharmaceutical company, in its agreement to sell its Astra Tech business to DENTSPLY International Inc. for approximately USD$1.8 billion in cash.

Baker & McKenzie has recently acted as Ukrainian, Polish and Luxembourg law counsel in the initial public offering of WESTA ISIC S.A. For 25% of the company’s shares which were placed during the IPO and admitted for listing on the Warsaw Stock Exchange, the company raised PLN129.6 million. The multi-jurisdictional team was led by partners Konrad Konarski (Warsaw) and Serhiy Chorny (Kyiv) with the key input from associates Olena Kuchynska (Kyiv); and, Michal Glowacki and Piotr Kowalik (Warsaw). Partner Raphael Collin and associate Nicolas Ronzel advised on Luxembourg law matters.

International law firm McDermott Will & Emery LLP represented Atrius Health in successful negotiations leading to Fallon Clinic becoming the sixth member of Atrius Health, a system of five non-profit community-based physician groups in Eastern Massachusetts.  As part of the negotiations, McDermott was responsible for securing regulatory approvals for the affiliation, including the negotiation of an Assurance of Discontinuance with the Massachusetts Attorney General.

Simpson Thacher represented ClearBridge Energy MLP Opportunity Fund Inc. (the “Fund”) in connection with its initial public offering of common stock. The offering raised approximately $621 million assuming full exercise of the underwriters’ overallotment option. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “EMO”. The underwriting syndicate for the offering was led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Carpenter Technology Corporation  (“Carpenter”) in connection with its acquisition of Latrobe Specialty Metals, Inc. (“Latrobe”).  The transaction is valued at approximately $558 million, including $170 million in cash Carpenter will pay to eliminate Latrobe’s debt at closing and reimburse certain transaction costs.  As part of the transaction, 8.1 million shares of Carpenter stock, subject to certain adjustments, will be issued to the current owners including Hicks Equity Partners and The Watermill Group.  The transaction is expected to close by September 30, 2011.

It was recently announced that Willkie clients TPG Capital and Leonard Green & Partners have agreed to acquire substantially all of the assets of the Palms Casino Resort in Las Vegas. Following receipt of required regulatory approvals and upon consummation of the definitive transaction documents, affiliates of the private equity firms will contribute their approximately $440 million in secured debt in exchange for a controlling stake in the resort.

Allen & Overy has advised Axiom Limited, the UAE-based pan-GCC mobile handset retailer and distributor which trades under the Axiom Telecom brand, on the sale of a 35% shareholding interest to Mannai Corporation, a publicly listed company on the Qatar Exchange. 

The Allen & Overy team was led by Abu Dhabi based corporate partner Khalid Garousha, who was supported by corporate associates Michael Grace, Juliet Astbury and trainee Kate Hartley.

Davis Polk advised Pandora Media, Inc. on its $235 million initial public offering of common stock. The underwriting syndicate includes Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., William Blair & Company, L.L.C., Stifel, Nicolaus & Co, Incorporated and Wells Fargo Securities, LLC. The underwriters have an option to purchase an additional $35 million of common stock to cover over-allotments.

Covington & Burling LLP represented Morgan Stanley, financial advisor to Atlantic Power Corporation, in its acquisition of Capital Power Income L.P. in a deal valued at approximately C$1.1 billion. The transaction will create a leading North American contracted power generation platform with over 2,100 megawatts of capacity.