On December 11, 2013, the Board of Directors of UNS Energy Corporation (NYSE: UNS) unanimously approved a definitive merger agreement with Fortis, Inc. (TSX: FTS), Canada’s largest investor-owned gas and electric distribution utility, that calls for Fortis to acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash.

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International law firm Clifford Chance advised Goldman Sachs International on the origination and securitisation of a €363,000,000 commercial real estate loan secured over a portfolio of shopping centres and retail parks in Italy.

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Westhouse is the parent company of Westhouse Securities Limited, an FCA-regulated stockbroking company with particular expertise in growth companies, mining, oil and gas, insurance, media and investment funds. Somers is an investment holding company specialising in the financial services sector with a capital base in excess of $200m and assets under administration of $6.5bn.

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Matthew S. Axelrod, one of the highest-ranking career officials in the U.S. Department of Justice (DOJ) and an experienced federal prosecutor, will join Cohen Milstein Sellers & Toll PLLC, a pioneer in plaintiff class action lawsuits, as Partner.  He will begin work in the firm’s Washington, D.C., office on January 6, 2014.

Axelrod worked at DOJ for more than decade, rising from the position of line prosecutor to senior official at DOJ headquarters.  Most recently, Axelrod served as Associate Deputy Attorney General in the Office of the Deputy Attorney General, where he advised the Deputy Attorney General and Attorney General on DOJ’s most significant white collar criminal matters and False Claims Act investigations, and oversaw the work of DOJ’s Criminal Division, Tax Division, FBI, ATF, and U.S. Attorneys’ Offices.  He was also responsible for managing DOJ’s efforts to combat healthcare fraud, and served as DOJ’s primary liaison to the U.S. Department of Health and Human Services on healthcare fraud matters.

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Yesterday, Bankruptcy Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York confirmed the Joint Chapter 11 Plan proposed by Residential Capital (“ResCap”) and the Creditors’ Committee. Confirmation of the Plan brought the largest chapter 11 case filed in 2012 to a successful conclusion after only 19 months.

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Paul Hastings LLP, a leading global law firm, announced today that it represented Bank of America, N.A. as administrative agent, lead arranger and bookrunner in connection with a $300 million reserve-based revolving credit facility and Citibank, N.A. as administrative agent, lead arranger and bookrunner in connection with a $700 million term loan credit facility, and Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., Natixis, New York Branch, as joint lead arrangers and joint bookrunners in connection with such credit facilities. The proceeds were used to partially finance Templar Energy’s acquisition of Forest Oil Corporation and Forest Oil Permian Corporation.

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Shearman & Sterling advised the arrangers and initial purchasers in connection with Alliant Techsystems Inc.’s $1.96 billion senior secured credit facility (consisting of a new term loan A facility in an aggregate amount of $1.01 billion, a new term loan B facility in an aggregate amount of $250 million and a new revolving credit facility in an aggregate principal amount of $700 million) and offering of $300 million of its 5.25% Senior Notes due 2021. The proceeds were used to finance the acquisition by Alliant Techsystems Inc. of Bushnell Group Holdings, Inc. and to pay related fees and expenses.

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Simpson Thacher represented the underwriters, led by BofA Merrill Lynch, Credit Suisse and HSBC, in connection with a registered public offering by Mondelez International, Inc. (f/k/a Kraft Foods Inc.) of euro-denominated notes to be listed on the New York Stock Exchange. Mondelez offered €400 million of its Floating Rate Notes due 2015, €750 million of its 1.125% Notes due 2017 and €1.25 billion of its 2.375% Notes due 2021, amounting to €2.4 billion (US$3.3 billion) of new notes. The offering closed on December 11, 2013.

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Mayer Brown is representing Kentz Corporation Limited, the Irish holding company of Kentz engineering and construction group, in connection with the proposed acquisition of Valerus Field Solutions for $435 million. Valerus Field Solutions is a US-based integrated oil and gas surface facility solutions provider.

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