Milbank, Tweed, Hadley & McCloy advised the underwriters in the $945 million common stock offering by insurance conglomerate Arthur J. Gallagher & Co. (NYSE:AJG), proceeds of which will be used, in part, to fund its acquisition of the insurance brokerage business of Westfarmers Limited, one of the largest insurance broking networks across Australia and New Zealand.

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International law firm Dorsey & Whitney (Europe) LLP has advised Quindell Plc (AIM:QPP.L) on the world’s largest telematics contract to date. Quindell is a provider of sector leading expertise in software, consulting and technology enabled outsourcing in its key markets: insurance, telecommunications and their related sectors. The Company is recognized as number one in insurance claims technology in Europe. Quindell has grown its market capitalization from £300 million to £2.8 billion over the last few years. More >>

Shearman & Sterling represented Banco Nacional de Desenvolvimento Econômico e Social (BNDES) in connection with its offering of $1,000,000,000 4.000% Notes due 2019 and $500,000,000 5.750% Notes due 2023, listed on the Luxembourg Stock Exchange. The 5.750% Notes due 2023 are a further issuance of, and will be consolidated and form a single series with, the $1,250,000,000 principal amount of 5.750% Notes due 2023 originally issued by BNDES on September 26, 2013. BB Securities Ltd., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., and Mitsubishi UFJ Securities (USA), Inc. acted as Joint Lead Managers.

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Bracewell & Giuliani LLP represented BOH Holdings, Inc. and its subsidiary, Bank of Houston, in an agreement to sell its operations to Independent Bank Group, Inc., the holding company for Independent Bank, for $243 million. The merger consideration consisted of $34 million in cash and 3,636,060 shares of Independent Bank Group common stock.

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Paul, Weiss client Yamana Gold Inc. announced that Yamana and Agnico Eagle Mines Limited had entered into an agreement with Osisko Mining Corporation pursuant to which Yamana and Agnico Eagle will jointly acquire 100 percent of the outstanding common shares of Osisko for Cdn$3.9 billion in cash and shares. As part of the transaction, Osisko will spin off shares of a new company, New Osisko, to its existing shareholders. New Osisko’s assets will consist of Cdn$155 million in cash, a 5 percent net smelter royalty on Osisko’s Canadian Malartic mine, a 2 percent NSR on Osisko’s Kirkland Lake assets and certain of Osisko’s exploration assets and investments. Under the terms of the agreement, each Osisko common share will be exchanged for Cdn$2.09 in cash, 0.26471 of a Yamana common share, 0.07264 of an Agnico Eagle common share and one New Osisko common share having a combined value of Cdn$8.15, which represents a premium of approximately 11 percent to Goldcorp’s most recent unsolicited offer.

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Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, Transportation & Space partner Hugh Robertson and Global Securities special counsel Kevin MacLeod, acted as New York counsel to J.P. Morgan, Citigroup, Credit Suisse and Morgan Stanley, as initial purchasers, in connection with the offering of 7.750% Senior Notes due 2021 by Air Canada.

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Global law firm White & Case LLP has advised Shenzhen Hepalink Pharmaceutical Co. Ltd, a Chinese pharmaceutical company formed in 1998 and listed on the Shenzhen Stock Exchange in May 2010, and its US subsidiary Hepalink USA Inc. on the US$337.5 million acquisition of Scientific Protein Laboratories, LLC, a leading global, independent manufacturer and supplier of active pharmaceutical ingredients (APIs). More >>

Shearman & Sterling advised Wells Fargo Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC and Barclays Capital Inc., as initial purchasers, in connection with FTS International Inc.’s private placement, pursuant to Rule 144A and Regulation S, of $500 million aggregate principal amount of 6.250% Senior Secured Notes due 2022. Concurrently, Shearman & Sterling advised Wells Fargo Bank, National Association, as administrative agent, in connection with a $550 million secured term loan B credit facility and a $200 million asset-based revolving credit facility for FTS International, Inc. and its subsidiaries.

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Cravath represented GHD Bondco PLC in connection with its £165 million 144A/Reg. S high‑yield senior secured debt offering, guaranteed by Lion/Gloria HoldCo Limited and certain of its subsidiaries. GHD Bondco is a leading premium hair‑styling appliance brand in the salon channel in the United Kingdom, Australia, Spain and Italy. GHD Bondco is a portfolio company of private equity sponsor Lion Capital LLP. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on April 16, 2014.

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Davis Polk advised BBVA Securities Inc. and J.P. Morgan Securities LLC as joint book-running managers on an SEC-registered offering of $400 million aggregate principal amount of 4.25% notes due 2024 by Empresa Nacional de Electricidad S.A. (Endesa Chile).

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