Michael Dell and Silver Lake Management LLC today completed the buyout of Dell Inc. Valued at $24.9 billion, the transaction is reported to be the largest leveraged buyout completed since 2007 and one of the largest buyouts in history. Prior to the go private transaction, Dell had been a publicly traded company for more than a quarter century. Dell stockholders received $13.75 in cash for each share of Dell common stock they held. That is in addition to a special cash dividend of 13 cents per share for total consideration of $13.88 per share in cash.
Tags: Cahill Gordon & Reindel LLP | New York
GrayRobinson P.A. announces today its acquisition of the Miami-based criminal and civil white collar defense law firm Hirschhorn & Bieber. As a result of this partnership, GrayRobinson will now offer criminal and civil white collar defense legal services to existing and new clients, in addition to bolstering the ranks of lawyers with extensive trial experience. The merger comes on the heels of the firm opening its 11th statewide office earlier this year in Boca Raton – further expanding its presence in the growing South Florida market.
Tags: GrayRobinson, P.A. | Miami
Global law firm White & Case LLP acted as the underwriters’ counsel in the initial public offering of ALROSA, the world’s largest diamond company with listing on the Moscow Stock Exchange. The deal is Russia’s largest privatisation transaction since 2006, the largest public offering of local shares in Russia and one of the largest resource sector offerings in recent years. The offering represented a transaction value of RUB41.3 billion roubles (US$1.3 billion).
Tags: White & Case LLP | MoscowGlobal law firm White & Case LLP has advised Atlantia S.p.A. on its issuance of €750 million 2.875 percent Notes due February 2021.
Tags: White & Case LLPHall Estill, Oklahoma’s leading law firm, announces the addition of a new Family Law practice area to the Oklahoma City office. New attorneys John W. Gile and Matthew R. Gile will lead the practice.
Tags: Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C.
Leading international law firm Clifford Chance has advised Haitong International Finance Holdings Limited, an indirect wholly-owned subsidiary of Haitong Securities Co., Ltd. (Haitong Securities), on its issue of US$900 million 3.95% Reg S credit-enhanced bonds due 2018. This is the first time that Haitong Securities has tapped the international US dollar market and is the second-largest credit-enhanced offering to date. The notes included credit enhancement from Bank of China Singapore in addition to a keepwell deed from Haitong Securities.
Tags: Clifford Chance LLP | Hong Kong
Reed Smith LLP today announced the addition of two partners to its nationally ranked Insurance Recovery Group in Washington, D.C. John W. Schryber, a nationally renowned insurance litigator, and Andrew M. Weiner, named a 2013 “Rising Star” by Washington DC Super Lawyers, were formerly partners in the insurance practice of Dickstein Shapiro LLP.
Tags: Reed Smith LLP
Cravath represented Crown Castle International Corp. in connection with its US$3.063 billion offering of 41,400,000 shares of its common stock and its US$977.5 million offering of 9,775,000 shares of its Mandatory Convertible Preferred Stock. Crown Castle expects to use the net proceeds from these offerings to finance a portion of the consideration to be paid to AT&T Inc. and its affiliates in connection with the recently announced tower transaction between Crown Castle and AT&T. The offerings closed on October 28, 2013. Crown Castle owns, operates and leases towers and other infrastructure for wireless communications.
Tags: Cravath, Swaine & Moore LLP | New York
Brown Rudnick LLP is pleased to announce that Alejandro Fiuza has joined the Firm’s Boston and New York offices as a partner in the Corporate Practice Group.
Tags: Brown Rudnick LLP | New York