The firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Whiting Petroleum Corporation (NYSE: WLL) in connection with Whiting’s announced all-stock acquisition of Kodiak Oil & Gas Corp. (NYSE: KOG) in a transaction valued at $6.0 billion. The transaction is expected to be completed in the fourth quarter of 2014.
Tags: Simpson Thacher & Bartlett LLP
Herbert Smith Freehills has advised UBS AG, Hong Kong Branch; Citigroup Global Markets Asia Limited; and CITIC Securities Corporate Finance (HK) Limited in relation to their role as the underwriters and joint sponsors of the Initial Public Offering (IPO) of Luye Pharma Group Ltd. (“Luye”) and its listing on the Hong Kong Stock Exchange. The IPO raised US$764 million, making it the world’s largest pharmaceutical company IPO in three years.
Luye focuses on developing, producing and distributing innovative pharmaceutical products in three of China’s largest and fastest growing therapeutic areas: oncology, cardiovascular system and alimentary tract and metabolism.
Tags: Herbert Smith Freehills Kramer LLPMacfarlanes has advised PizzaExpress senior management on the sale of the restaurant chain to Chinese investment group Hony Capital for £900m.
The PizzaExpress chain has over 400 restaurants in the UK, is being bought by Hony Capital from the London-based private equity firm Cinven.
Tags: Macfarlanes LLP
A team of attorneys from Andrews Kurth LLP served as project development counsel to NRG Energy Inc. in the company’s joint venture with JX Nippon Oil & Gas Exploration Corp. to build the world’s largest post-combustion carbon capture and sequestration (CCS) facility on an existing coal plant in Fort Bend County, Texas.
The Petra Nova Carbon Capture Project at the W.A. Parish Power Plant Facility will capture 90 percent of the carbon dioxide (CO2) from processed flue gas, or approximately 1.6 million tons of CO2 annually. The CO2 will be delivered through an 82-mile pipeline for enhanced oil recovery at the West Ranch Oil Field in Jackson County, Texas. The West Ranch Oil Field is estimated to contain more than 60 million barrels of oil, available through enhanced recovery operations.
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Shearman & Sterling acted as legal advisor to Cooperativa Muratori & Cementisti – C.M.C. di Ravenna Società Cooperativa (“CMC”) in connection with CMC’s Rule 144A and Regulation S €300 million high yield bond offering. CMC is the first Italian cooperative company to directly issue this type of debt instrument.
Tags: Shearman & Sterling LLP
On July 14, 2014, Mylan Inc. announced that it has entered into a definitive agreement with Abbott whereby Mylan will acquire Abbott’s non‑U.S. developed markets specialty and branded generics business in an all‑stock transaction. Upon closing, Abbott will receive 105 million shares of the combined company worth approximately $5.3 billion based on Mylan’s closing price of $50.20 on Friday, July 11, 2014, representing an approximately 21% ownership stake. Cravath represented Mylan in connection with this transaction, which has been unanimously approved by Mylan’s Board of Directors and is expected to close in the first quarter of 2015, subject to certain closing conditions, including regulatory clearances and approval by Mylan’s shareholders.
Tags: Cravath, Swaine & Moore LLP
Dorsey & Whitney advised Kodiak Oil & Gas in its recent acquisition by Whiting Petroleum Corp. (WLL.N). Whiting Petroleum Corp. will acquire Kodiak Oil & Gas Corp (KOG.N) for $3.8 billion in stock, to become the largest producer in North Dakota’s Bakken shale oil formations. The deal will unite two big exploration and production companies, both of which have a strong presence in the Bakken and Three Forks formations, some of the most oil and gas rich areas of the Dakotas and Montana.
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