International law firm Clifford Chance has advised AMC Networks on its definitive agreement to acquire substantially all of Chellomedia, the international content division of Liberty Global, for EUR 750 million (approximately USD 1.035 billion). The transaction is expected to close in the first quarter of 2014.
Tags: Clifford Chance LLP | New York
King & Wood Mallesons has strengthened the ranks of its Tax team with the lateral partner appointment of renowned tax expert Michael Perez.
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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the initial public offering by CommScope Holding Company, Inc. (“CommScope”), a portfolio company of The Carlyle Group (“Carlyle”), of an aggregate of 38,461,537 shares of its common stock. A total of approximately $576.9 million in proceeds was raised in the offering. CommScope received approximately $461.5 million in gross proceeds from the offering and the remaining $115.4 million in gross proceeds were received by an affiliate of Carlyle as selling stockholder. CommScope intends to use the net proceeds of the offering, together with cash on hand, to repay outstanding indebtedness. CommScope shares are now listed on the NASDAQ Global Select Market under the ticker symbol “COMM”.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented BB Securities Limited, Banco Bradesco BBI S.A., Banco BTG Pactual S.A. – Cayman Branch, J.P. Morgan Securities LLC and Santander Investment Securities Inc., as initial purchasers, in a sale of US$1.0 billion of 7.75% Senior Notes due 2020 issued by JBS Investments GmbH and unconditionally guaranteed by its parent company JBS S.A., a Brazilian corporation, and JBS Hungary Holdings Kft., a wholly owned subsidiary of JBS S.A. The offering was conducted in reliance upon Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | Sao Paulo
Baker & McKenzie (Gaikokuho Joint Enterprise) welcomes Jeremy White as a new partner, who joined the Tokyo office as of October 24. Mr. White, a Registered Foreign Lawyer (gaikokuho jimu bengoshi), will be working as a member of the Corporate / Mergers & Acquisitions practice group and will be involved mainly with cross-border commercial corporate and M&A matters.
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Paul Hastings, a leading global law firm, announced today that it is representing Samsung Display Co., Ltd. (“Samsung Display”), a global leader in display panel technology and products and a subsidiary of Samsung Electronics, in its agreement with Samsung Corning Precision Materials (“SCP”) and Corning Incorporated (“Corning”) to have SCP repurchase Samsung Display’s 43% interest in SCP.
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Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with CSX Corporation’s public offering of $500 million aggregate principal amount of its 3.700% Notes due 2023.
Tags: Shearman & Sterling LLP | New York
Winston & Strawn LLP has announced that H. Stephen Harris, Jr. will join the firm’s Washington, D.C. office as a partner in the antitrust/competition practice. Mr. Harris, formerly a partner and chair of the North America Antitrust & Competition Group at Baker & McKenzie, focuses his practice on cartel defense, merger control filings, and administrative proceedings before United States and international courts and agencies.
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Hogan Lovells has advised Liberty Global on the disposal of its international content division, Chellomedia, to AMC Networks Inc. for $1 billion. The deal was announced on Monday 28 October.
Tags: Hogan LovellsLeading international law firm Clifford Chance has advised longstanding client Sumitomo Corporation on its joint purchase with Glencore Xstrata plc of a 50.1 per cent interest in the Clermont coal mine in Queensland, Australia from Rio Tinto plc.
Tags: Clifford Chance LLP