Duane Morris & Selvam Opens Office in Myanmar, Expanding Asian Presence

Tuesday, September 10, 2013

Duane Morris & Selvam LLP, the Singapore-based joint venture between Duane Morris LLP and Singapore’s Selvam LLC, announced today that it has established an office in Yangon, Myanmar. The firm will serve international and domestic clients through two closely integrated entities: Duane Morris & Selvam (Myanmar) and Selvam & Partners. Attorneys will serve clients on investment and business matters, including all aspects of tax, licensing, regulatory, market entry, reporting requirements and U.S. Foreign Corrupt Practices Act and UK Bribery Act issues. It is the first launch in the country by a U.S.-based law firm.

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Tags:  Duane Morris LLP

Shearman & Sterling Advises on Huntington Bancshares’s $400 Million Notes Offering and $350 Million Notes Offering by The Huntington National Bank

Tuesday, September 10, 2013

Shearman & Sterling represented Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and The Huntington Investment Company as the joint bookrunning managers in connection with a registered offering by Huntington Bancshares Incorporated of $400 million aggregate principal amount of its 2.60% Senior Notes due 2018. Shearman & Sterling also represented the underwriters in connection with a concurrent 3(a)(2) offering by The Huntington National Bank, a subsidiary of Huntington Bancshares Incorporated, of $350 million aggregate principal amount of its 1.35% Senior Notes due 2016. The proceeds from the offerings will be used for general corporate purposes.

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Tags:  Shearman & Sterling LLP | New York

Simpson Thacher Represents Global Tower in its $3.3 Billion Sale to American Tower

Monday, September 9, 2013

The Firm is representing MIP Tower Holdings LLC (“MIP”), the parent company of Global Tower Partners (“GTP”) and related companies, in the $3.3 billion announced sale to American Tower Corporation (NYSE: AMT).  The purchase price will also include the assumption of $1.5 billion in existing debt, for a total purchase price of $4.8 billion. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2013.

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Tags:  Simpson Thacher & Bartlett LLP | New York