Paul Hastings LLP, a leading global law firm, announced today that it represented Gannett Co., Inc. (NYSE: GCI), an international media and marketing solutions company, in connection with its acquisition of Belo Corp., a leading broadcast television company with twenty network-affiliated stations, and a related restructuring of Belo broadcast station assets. The Belo transaction had a total equity value of $1.5 billion.
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Gannett Co., Inc. has completed its acquisition of Belo Corp. for $1.5 billion in cash plus the assumption of $715 million of debt. The combination with Belo nearly doubles Gannett’s broadcast portfolio and creates the largest independent station group of “Big 4” major network affiliates in the top 25 markets, including stations to be serviced by Gannett under shared services and similar arrangements entered into as part of a restructuring. Gannett now reaches approximately one-third of all television households in America. The deal also significantly expands the company’s geographic reach and revenue diversity.
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Cahill represented the joint book-running managers in connection with the Reg S/Rule 144A offering o €300,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 by Huntsman International LLC. More >>
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Covington & Burling served as communications regulatory counsel to Tribune Company in its $2.73 billion acquisition of Local TV Holdings, LLC. Completed today, the acquisition includes television stations in more than a dozen key markets. Debevoise & Plimpton served as deal counsel to Tribune Company.
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Bracewell & Giuliani LLP is representing Kinder Morgan Energy Partners, L.P. (NYSE: KMP) in its acquisition of American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Partners, for $962 million in cash.
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Morgan Lewis announced today that Sabine Smith-Vidal, a lawyer with more than two decades of experience handling multijurisdictional labor and employment matters for a wide array of clients, has joined the firm as partner in its Labor and Employment Practice, resident in Paris.
Tags: Morgan, Lewis & Bockius LLPThe Wall Street Journal and Yahoo! Finance reported on the announcement by data-storage companies Seagate Technology plc and Xyratex Ltd that they have entered into a definitive agreement under which Seagate will acquire all of the outstanding shares of Xyratex for $13.25 per share in cash, or a total of approximately $374 million. Olshan attorneys Steve Wolosky and Michael Neidell represented Baker Street Capital Management, LLC, Xyratex’s largest shareholder owning over 22% of the outstanding shares, in negotiating a voting agreement in favor of the transaction that helped pave the way for the deal.
Forbes Hare’s international private client practice is expanding with the addition of Marcus Parker, who joins as a partner in the firm’s Cayman Islands office.
Having recently added a top-flight patent litigation team from Weil Gotshal in Washington D.C., the international law firm Greenberg Traurig grew both its international technology practice and its Texas platform with the addition of Weil Gotshal senior patent litigators Kevin Kudlac and Amber Lee Hagy as shareholders and attorney Rene Anthony Treviño as of counsel. Kudlac joins the firm today; Hagy and Treviño have announced they will join on December 30. The three had worked closely together and will continue to do so at Greenberg Traurig. The move comes shortly after the firm celebrated its 10th anniversary in Texas, where it maintains a strong presence in Houston, Dallas and Austin.
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