Shearman & Sterling is advising Albemarle Corporation on its acquisition of Rockwood Holdings, Inc. in a transaction valued at approximately $6.2 billion. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2015.
Tags: Shearman & Sterling LLPSkadden is representing AbbVie Inc., a New York Stock Exchange-listed, Illinois-based pharmaceutical company, on corporate finance, banking and tax aspects of its recommended $55 billion combination with London Stock Exchange-listed pharmaceutical group Shire plc.
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The Firm is representing J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. in connection with £13.5 billion (approximately $23 billion) of committed bridge financing to AbbVie Inc. in its announced £32 billion (approximately $54.7 billion) acquisition of Shire plc for £24.44 in cash and 0.8960 shares of a newly formed AbbVie holding company for each Shire share. The proceeds of the bridge facility will be available to finance a portion of cash consideration for the acquisition, to pay fees and expenses related thereto and for dividends and distributions.
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Shearman & Sterling represented Credit Suisse Securities (USA) LLC, as administrative agent, and Credit Suisse Securities (USA) LLC, Barclays and Citigroup Global Markets Limited, as joint lead arrangers and joint bookrunners, in the US$5.88 billion and €3.55 billion 364 day senior bridge loan financing for the acquisition by GTECH S.p.A. of International Game Technology (IGT).
Tags: Shearman & Sterling LLP
Global law firm White & Case LLP has advised on the $4.6billion sales of two Barwa Real Estate Company Q.S.C. assets which represent one of the largest ever M&A transactions in Qatar.
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Global law firm K&L Gates acted for the Republic of Indonesia in the sale of its debut euro-denominated bonds. The nation sold 1 billion euros (USD1.4 billion) of 2.875% Notes due 2021, in a drawdown under its USD25 billion Global Medium Term Note Program.
Tags: K&L Gates LLPDavis Polk advised Tyson Foods, Inc. on its entering into a $5.7 billion 364-day senior unsecured bridge term loan facility and a $2.5 billion senior unsecured term loan facility (the “Facilities”). Morgan Stanley Senior Funding, Inc. is acting as administrative agent for the Facilities.
Goodwin Procter recently advised Clayton Holdings in its sale to Radian Group for $305 million. According to terms of the agreement, Clayton became a subsidiary of Radian. The closing of the transaction was announced on July 1.
Tags: Goodwin Procter LLPOn February 18, 2014, Ashland Inc. announced it has signed a definitive agreement to sell Ashland Water Technologies to a fund managed by Clayton, Dubilier & Rice in a transaction valued at approximately US$1.8 billion. Cravath represented Ashland in connection with this transaction, which is expected to close by the end of Ashland’s fiscal year on September 30, 2014, contingent on certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.
