The Wall Street Journal and Yahoo! Finance reported on the announcement by data-storage companies Seagate Technology plc and Xyratex Ltd that they have entered into a definitive agreement under which Seagate will acquire all of the outstanding shares of Xyratex for $13.25 per share in cash, or a total of approximately $374 million. Olshan attorneys Steve Wolosky and Michael Neidell represented Baker Street Capital Management, LLC, Xyratex’s largest shareholder owning over 22% of the outstanding shares, in negotiating a voting agreement in favor of the transaction that helped pave the way for the deal.
Monthly Archives: December 2013
Forbes Hare targets international Private Client growth with Cayman partner hire
Forbes Hare’s international private client practice is expanding with the addition of Marcus Parker, who joins as a partner in the firm’s Cayman Islands office.
Greenberg Traurig Further Builds Top-Tier Patent Litigation Team, Adds 3 Attorneys from Weil Gotshal in Austin
Having recently added a top-flight patent litigation team from Weil Gotshal in Washington D.C., the international law firm Greenberg Traurig grew both its international technology practice and its Texas platform with the addition of Weil Gotshal senior patent litigators Kevin Kudlac and Amber Lee Hagy as shareholders and attorney Rene Anthony Treviño as of counsel. Kudlac joins the firm today; Hagy and Treviño have announced they will join on December 30. The three had worked closely together and will continue to do so at Greenberg Traurig. The move comes shortly after the firm celebrated its 10th anniversary in Texas, where it maintains a strong presence in Houston, Dallas and Austin.
Tags: Greenberg Traurig LLP | Austin
Paul Hastings Represents Underwriters in China Everbright International’s US$472 Million Top-Up Placement
Paul Hastings, a leading global law firm, announced today that the firm represented Morgan Stanley & Co. International plc. and China Everbright Securities (HK) Limited as the placing agents on China Everbright International Limited’s (“China Everbright”) US$472 million (HK$3.66 billion) top-up placement.
Tags: Paul Hastings LLP
Simpson Thacher Represents JPMorgan in Amendment and Restatement of Arrow Electronics’ $1.5 Billion Revolving Facility
Simpson Thacher recently represented the arrangers, led by J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A., as administrative agent, in connection with an amendment and restatement of Arrow Electronics, Inc.’s credit facility, extending its maturity to December 2018 and increasing commitments thereunder to $1.5 billion.
Tags: Simpson Thacher & Bartlett LLPBRE Properties Advised in $15.4 Billion Merger with Essex Property Trust
Essex Property Trust, Inc. (NYSE: ESS) and BRE Properties (NYSE: BRE) have announced a definitive agreement under which BRE Properties will combine with Essex, creating the only publicly traded West Coast pure play multifamily REIT. The combined company is expected to have a pro forma equity market capitalization of approximately $10.4 billion and a total market capitalization of approximately $15.4 billion. The transaction is expected to close during the first quarter of 2014.
Covington Boosts European Life Sciences Group
Covington & Burling is pleased to announce that Adem Koyuncu is joining its life sciences practice as a partner, along with associate Sabine Stute. Dr. Koyuncu and Ms. Stute will be resident in the firm’s Brussels office, and will focus on issues involving the law of the European Union and, in particular, of Germany.
Tags: Covington & BurlingThe Jones Group’s $2.2 Billion Acquisition by Sycamore Partners
On December 19, 2013, The Jones Group Inc. and Sycamore Partners announced that they have entered into a definitive agreement pursuant to which affiliates of Sycamore Partners will acquire The Jones Group for $15.00 per share in cash, or a total of approximately US$1.2 billion. The transaction is valued at approximately US$2.2 billion, including net debt. Cravath represented The Jones Group in connection with this transaction. Upon completion of the transaction, which is expected to close in the second quarter of 2014, The Jones Group will become a privately held company.
Clifford Chance advises HSBC France on its bond issue
International law firm Clifford Chance (Paris office) advised the issuer HSBC France on the issue of Euro 1,000,000,000 bonds bearing interest at a rate of 1.625% with a maturity of five years (2018). This bond issue constitutes the second issue of this amount this year for the issuer and reflects the current strong market opportunities.
Tags: Clifford Chance LLP
O’Melveny Represents Dealertrack Technologies in US$1 Billion Agreement to Aquire Dealer.com
O’Melveny & Myers LLP represented Dealertrack Technologies, Inc. in its approximately US$1 billion definitive agreement to acquire Dealer.com, a leading provider of marketing and operations software and services for the automotive industry. The deal is expected to close in the first quarter of 2014, subject to regulatory approval.
Tags: O'Melveny & Myers, LLP