The Wall Street Journal Covers Xyratex Deal for $374 Million

The 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.

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Greenberg Traurig Further Builds Top-Tier Patent Litigation Team, Adds 3 Attorneys from Weil Gotshal in Austin

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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Tags:  Greenberg Traurig, LLP | Austin

Simpson Thacher Represents JPMorgan in Amendment and Restatement of Arrow Electronics’ $1.5 Billion Revolving Facility

Simpson Thacher recently represented the arrangers, led by J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A., as administrative agent, in connection with an amendment and restatement of Arrow Electronics, Inc.’s credit facility, extending its maturity to December 2018 and increasing commitments thereunder to $1.5 billion.

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Tags:  Simpson Thacher & Bartlett LLP

BRE Properties Advised in $15.4 Billion Merger with Essex Property Trust

Essex Property Trust, Inc. (NYSE: ESS) and BRE Properties (NYSE: BRE) have announced a definitive agreement under which BRE Properties will combine with Essex, creating the only publicly traded West Coast pure play multifamily REIT. The combined company is expected to have a pro forma equity market capitalization of approximately $10.4 billion and a total market capitalization of approximately $15.4 billion. The transaction is expected to close during the first quarter of 2014.

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