Burr & Forman LLP is pleased to announce that the firm has expanded its capabilities to serve the health care industry with the addition of four Birmingham-based attorneys.

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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.

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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.

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