Shearman & Sterling advised the initial purchaser, Jefferies LLC, as sole book running manager, in connection with the private placement by Brundage-Bone Concrete Pumping, Inc. (“Brundage-Bone”) of $140 million aggregate principal amount of its 10.375% Senior Secured Notes due 2021. The net proceeds from the notes offering will be used to finance a portion of the consideration for the acquisition of Brundage-Bone by Concrete Pumping Intermediate Holdings, LLC, an indirect wholly owned subsidiary of PGP Investors, LLC, the sponsor, including the repayment of all existing indebtedness of Brundage-Bone.

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Transaction includes transfer of 29.9 million shares of Star Bulk common stock, and a $231 million secured bridge loan facility.

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Kirkland & Ellis LLP represents Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), which announced today it has signed a definitive agreement with International Rectifier Corporation (NYSE: IRF), under which Infineon will acquire International Rectifier for US$40 per share in an all-cash transaction valued at approximately US$3.0 billion. The closing of the transaction is subject to regulatory approvals in various jurisdictions and customary closing conditions, as well as approval of International Rectifier stockholders. The transaction is expected to close late in the calendar year 2014 or early in the calendar year 2015 subject to regulatory approval.
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Herbert Smith Freehills has advised China Telecom Global in relation to its role in a consortium which has agreed to build and operate a new Trans-Pacific submarine telecommunications cable worth approximately US$300 million.

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Cravath represented CBS Corporation in connection with its US$1.75 billion registered senior debt offering. The transaction closed on August 19, 2014.

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Cooley LLP announced today that it advised the underwriters on Otonomy, Inc.’s $100 million initial public offering. Otonomy is a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapeutics for the treatment of diseases and disorders of the ear. The company now trades of The NASDAQ Global Stock Market under the symbol “OTIC.”

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On August 11, 2014, IBM announced it has acquired the business operations of Lighthouse Security Group, LLC, a premier cloud security services provider. Lighthouse Security Group is a subsidiary of long‑time IBM business partner Lighthouse Computer Services, Inc. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.

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