Today, Kramer Levin client Del Monte Pacific Limited (DMP) announced its agreement to acquire the consumer foods business of Del Monte Corporation (DMC), based in the United States, for $1.7B. The Del Monte consumer foods business is considered the leading U.S. canned fruit, vegetable and broth business, and includes iconic brands Del Monte, Contadina, S&W and College Inn.
Tags: Kramer Levin Naftalis & Frankel LLP
McCarter & English, LLP is pleased to announce that Laura Anne Corsell and Don E. Felice have joined the firm’s Philadelphia office, bringing to McCarter more than 40 years’ experience in counseling mutual funds, fund boards and investment advisers. Corsell joins as partner and Felice as special counsel.
Tags: McCarter & English, LLP
Patterson Belknap Webb & Tyler LLP is pleased to announce that James V. Masella, III has become a Partner of the firm in the Litigation Department effective today. Mr. Masella’s practice focuses on complex securities litigation, white collar criminal and commercial matters. He represents corporate and individual clients in civil and regulatory matters nationally before trial and appellate courts and regulatory agencies. He regularly counsels clients in disputes arising out of mergers and acquisitions.
Tags: Patterson Belknap Webb & Tyler LLP
Shearman & Sterling is representing The Dow Chemical Company in the divestiture of Dow’s global Polypropylene Licensing & Catalysts business to W. R. Grace & Co. for $500 million
Tags: Shearman & Sterling LLP | New York
Global law firm Proskauer announced today that top-ranked Private Equity/Buyouts lawyer Steven M. Peck has joined the firm’s Corporate Department and Private Equity and Mergers & Acquisitions Groups. Mr. Peck’s diverse transactional experience includes representing private equity sponsors, multi-national corporations, and other market participants in their most challenging transactional matters in the United States and throughout the world. He also advises clients regarding securities law issues, disclosure and compliance matters, and corporate governance.
Tags: Proskauer Rose LLP
Regency Energy Partners LP (“Regency”) (NYSE:RGP) and PVR Partners, L.P. (“PVR”) (NYSE:PVR) today announced that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. This acquisition will be a unit-for-unit transaction plus a one-time cash payment to PVR unitholders that collectively imply a value today for PVR of approximately $5.6 billion, including the assumption of net debt of $1.8 billion.
Tags: Baker Botts L.L.P. | Houston
Platform Acquisition Holdings Limited (LSE: PAH) announced today that it has entered into a definitive agreement to acquire MacDermid, Incorporated, a global provider of high value-added specialty chemicals, for approximately $1.8 billion plus contingent consideration. Dechert LLP represented MacDermid and its stockholders in the transaction.
Tags: Dechert LLP
Hogan Lovells advised the Trustees of the Kodak Pension Plan (KPP) on an innovative pensions restructuring, agreed by KPP members representing 92% of KPP’s liabilities, to give members of the KPP the option to opt out of the UK Pension Protection Fund (PPF) and into a plan with better benefits than the PPF.
Tags: Hogan Lovells
The Republic of Turkey closed today a $1.25 billion Sukuk offering, its second such closely-watched financing transaction within the last 14 months. The Republic had closed its first-ever Islamic finance offering in September, 2012, which consisted of lease certificates due in 2018 and had also raised $1.5 billion. In the latest offering, the New York and London offices of Arnold & Porter LLP again acted as Turkey’s international legal counsel, in association with Somay Hukuk Burosu, the Republic’s Turkish counsel.
Tags: Arnold & Porter Kaye Scholer LLP | New York
Herrick, Feinstein LLP today announced a significant expansion of the firm’s national and international capabilities with the opening of two new offices in Washington, D.C., and Istanbul, Turkey. Herrick’s Washington and Istanbul offices are the firm’s fourth and fifth offices respectively, and the first new offices opened by the firm since 2000.
Tags: Herrick, Feinstein LLP