Willkie client The Men’s Wearhouse and Jos. A. Bank Clothiers announced that they have entered into a definitive agreement under which Men’s Wearhouse will acquire all of the outstanding shares of common stock of Jos. A. Bank for $65.00 per share in cash, or total consideration of $1.8 billion. The boards of directors of both companies have unanimously approved the transaction. Among the terms of the deal, Jos. A. Bank will terminate its agreement to acquire clothing retailer Eddie Bauer. Together, Men’s Wearhouse and Jos. A. Bank will have more than 1,700 stores in the U.S., with approximately 23,000 employees and sales of $3.5 billion on a pro forma basis.
Tags: Willkie Farr & Gallagher LLPSimpson Thacher Represents PPL Corporation and PPL Capital Funding, Inc. in the Remarketing of $977.5 Million of Debt Securities
The Firm represented PPL Corporation (“PPL”) and PPL Capital Funding, Inc. (“PPL Capital Funding”) in the remarketing of $977.5 million of junior subordinated notes (the “junior notes”) of PPL Capital Funding related to the equity units originally issued by PPL in April 2011. PPL Capital Funding issued $350 million 3.95% Senior Notes due 2024 and $400 million 5.00% Senior Notes due 2044 (collectively, the “senior notes”), which were sold to the purchasers of the junior notes (the “purchasers”) in exchange for the $750 million of the junior notes. PPL Capital Funding also repurchased $227.5 million of the junior notes in the remarketing. The senior notes were sold by the purchasers in an SEC-registered secondary offering, managed by Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
Tags: Simpson Thacher & Bartlett LLPSimpson Thacher Represents Carlyle on Equity and Bond Offerings
Simpson Thacher recently advised The Carlyle Group L.P. on a $450 million offering of its common units and on an issuance by Carlyle Holdings II Finance L.L.C. of $200 million additional aggregate principal amount of its 5.625% Senior Notes due 2043 guaranteed by The Carlyle Group L.P., Carlyle Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings III L.P.
Tags: Simpson Thacher & Bartlett LLPSquire Sanders advises on Lenta IPO share sale
Squire Sanders’ Global Corporate Practice has advised one of the shareholders in Lenta Ltd on the sale of its shares, as part of Lenta’s $4.3 billion IPO and GDR listing on the Main Market of the London Stock Exchange and the Moscow Exchange (including a $952 million secondary offering). More >>
Tags: Squire Patton BoggsWhite & Case Advises Suez Environnement on Its €350 Million Convertible Bonds Issuance
Global law firm White & Case LLP has advised Suez Environnement on its €350 million issuance of bonds convertible into and/or exchangeable for new or existing shares (OCEANE) due 2020. More >>
Tags: White & Case LLPCahill Represents Initial Purchasers in $600 Million Senior Notes Offering by Tenet Healthcare
Cahill represented the joint book-running managers in connection with the Rule 144A offering of $600,000,000 aggregate principal amount of 5% Senior Notes due 2019 by Tenet Healthcare Corporation. More >>
Tags: Cahill Gordon & Reindel LLPRogers Communications Inc.’s Registered Senior Debt Offering
Cooley Advises Underwriters on Coupons.com’s Initial Public Offering
Cooley LLP announced today that it advised the underwriters on Coupons.com Incorporated’s $168 million initial public offering. Coupons.com, the leader in digital coupons, now trades on the New York Stock Exchange under the symbol “COUP.”
Tags: Cooley LLPMinerals Technologies Inc.’s Acquisition of AMCOL International
Minerals Technologies Inc. (“MTI”) and AMCOL International Corporation announced that they have signed a definitive merger agreement under which MTI will acquire AMCOL for $45.75 per share in cash, or a total value of approximately $1.7 billion. This transaction resulted from an unsolicited offer by MTI following the announcement of AMCOL’s proposed acquisition by Paris‑based Imerys S.A. on February 12, 2014 and a series of competing public bids by MTI and Imerys. Cravath represented Minerals Technologies in connection with this transaction, which has been unanimously approved by the boards of directors of both companies and is expected to close in the first half of 2014, subject to customary closing conditions.
Public Service Company of Colorado $300,000,000 in First Mortgage Bonds Offering
Hunton & Williams LLP advised BNP Paribas Securities Corp., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc., as joint book-running managers on an SEC-registered offering by Public Service Company of Colorado (“PSCo”) of $300 million aggregate principal amount of first mortgage bonds due 2044.