InterMune’s $8.9 Billion Acquisition by Roche

Roche and InterMune, Inc. announced they have entered into a definitive merger agreement for Roche to acquire InterMune at a price of US$74.00 per share in an all‑cash transaction with a total equity value of US$8.9 billion. This offer represents a premium of 38% to InterMune’s closing price on August 22, 2014, and a premium of 63% to InterMune’s unaffected closing price on August 12, 2014. Cravath represented InterMune in connection with this transaction, which has been approved by the boards of InterMune and Roche and is expected to close in 2014.

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Tags:  Cravath, Swaine & Moore LLP

The Southern Company $750 Million Aggregate Principal Amount of Senior Notes Offerings

Hunton & Williams LLP advised Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC, as representatives of underwriters on SEC-registered offerings by The Southern Company (“Southern”) of $400 million aggregate principal amount of its senior notes due 2017 and $350 million aggregate principal amount of its senior notes due 2019.

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Miles & Stockbridge Represents Ventura Solutions in Sale to Boeing

Miles & Stockbridge recently represented client Ventura Solutions, Inc. in its sale to Boeing [NYSE: BA]. Ventura Solutions, which is based in Annapolis Junction, Maryland, with approximately 140 employees, is a hardware and software engineering company that provides custom solutions for government customers. Its acquisition enhances Boeing’s information and security capabilities. Ventura Solutions is now part of Boeing Network & Space Systems.

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Paul Hastings Represents Klister LLC in its acquisition of Minimax Viking GmbH

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Klister LLC on its acquisition of Minimax Viking GmbH, a global fire protection company with over $1.6 billion of revenue and 7,000 employees.  Klister acquired Minimax Viking as part of a consortium of buyers that included asset manager Intermediate Capital Group and Kirkbi A/S, a Danish investment company.
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Clifford Chance Advises On OCBC’s S$3.37 Billion Rights Issue

Leading international law firm Clifford Chance has advised the joint global coordinators, Merrill Lynch (Singapore) Pte. Ltd., the Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and J.P. Morgan (S.E.A.) Limited, as the joint lead managers and underwriters on Oversea-Chinese Banking Corporation Limited’s (OCBC) renounceable rights issue of up to 440,047,710 rights shares at an issue price of S$7.65 totalling S$3.37 billion (US$ 2.7 billion).

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Goodwin Procter Advises Credit Suisse Asset Management on More Than £300m of UK Real Estate Transactions

Lawyers from Goodwin Procter’s London office have advised German investment fund client Credit Suisse Asset Management Immobilien (CSAM) on a series of real estate transactions totalling more than £300 million over the last 12 months. Most recently, the firm advised on the£142.2 million sale of Plantation Place South, a prime multi-let office building in the City of London, to one of Kazakhstan’s richest men.

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Shearman & Sterling Advises on $4 Billion Financing for Procter & Gamble

Shearman & Sterling advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as joint lead arrangers and joint book runners, in connection with a $4 billion 364-day credit facility for The Procter & Gamble Company and some of its subsidiaries. The Shearman & Sterling team included partner Maura O’Sullivan (New York-Finance) and counsel Susan Hobart (New York-Finance).
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Tags:  Shearman & Sterling LLP