Leading global law firm Mayer Brown has advised Türkiye Vakıflar Bankası T.A.O. (VakifBank), a Turkish bank, on the establishment of its $3 billion MTN programme. This is the first Medium Term Note (MTN) programme set up by a Turkish issuer. The programme has been listed on the Irish Stock Exchange’s regulated market but permits the issuer to issue both listed and unlisted series of notes.
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The international law firm Greenberg Traurig, LLP has added shareholder Bradley R. Marsh to its Tax Practice Group in San Francisco. Marsh’s practice is concentrated in the areas of federal, state and local tax controversy matters, including payroll, property, business license, employment, franchise, parcel, district, sales, documentary transfer, transient occupancy, utility user, income, parking, gift and estate taxes.
Tags: Greenberg Traurig, LLP | San Francisco
Alston & Bird LLP announced today that Dominique R. Shelton has joined its litigation team as a partner in the firm’s Los Angeles office. An experienced litigator and counselor, Ms. Shelton’s practice is focused on privacy, unfair competition and intellectual property matters.
Tags: Alston & Bird LLP | Los Angeles
Simpson Thacher is representing Lazard Frères & Co. LLC in its role as financial advisor to NV Energy, Inc. (“NV Energy”) in NV Energy’s acquisition by MidAmerican Energy Holdings Company (“MidAmerican Energy”), a subsidiary of Berkshire Hathaway Inc., for approximately $5.6 billion. Under the terms of the merger agreement, holders of NV Energy’s common stock will receive $23.75 in cash for each share of common stock they hold. NV Energy is a holding company which provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada and nearly 40 million tourists annually. MidAmerican Energy is a global provider of energy services, providing electric and natural gas services to more than 7 million customers worldwide.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm is representing an affiliate of Carlyle Realty Partners V in connection with the announced sale of 650 Madison Avenue, New York City to a joint venture between Crown Acquisitions Inc. and Highgate Holdings Inc. The sale is being reported as the highest per square foot price for an office building ever paid. The 600,000 square foot building is located on Madison Avenue between 59th and 60th Streets and includes 75,000 square feet of retail currently leased by Crate & Barrel and Tods.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm is representing the Special Committee of the Board of Directors of Clearwire Corporation (NASDAQ: CLWR) in connection with the Special Committee’s review of strategic alternatives available to the Company, including proposals from Sprint Nextel Corporation (NYSE: S) to acquire the remaining shares of Clearwire that Sprint does not already own, which has resulted in an increased merger agreement from Sprint at $3.40 per share, or approximately $2.5 billion for such stake. The Firm is also representing the Special Committee in connection with the recent unsolicited tender offer by DISH Network Corp. (NASDAQ: DISH) to acquire all outstanding common shares of Clearwire at $4.40 per share, subject to certain conditions. The Firm is working with the Special Committee to evaluate the revised merger agreement from Sprint and the tender offer from DISH in order to determine the course of action that the Special Committee believes is in the best interests of Clearwire’s non-Sprint Class A stockholders.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented Builders FirstSource, Inc. (“Builders FirstSource”), a portfolio company of JLL Partners, Inc. and Warburg Pincus LLC, in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 7.625% Senior Secured Notes due 2021. Builders FirstSource used proceeds from the offering, together with cash on hand, to (i) redeem its outstanding second priority senior secured floating rate notes due 2016, (ii) repay in full and terminate its existing credit facility and (iii) pay the related fees and expenses.
Tags: Simpson Thacher & Bartlett LLP | New York
Russ Sullivan, the longtime staff director for the Senate Finance Committee, will join McGuireWoods as a partner in the firm’s Washington office on July 1, the firm announced today. He will also be a senior advisor to McGuireWoods Consulting, the firm’s public affairs subsidiary. Sullivan will provide strategic counsel to the firm’s clients, offering comprehensive solutions from an administrative, regulatory and legislative perspective to some of their most complex matters.
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Day Pitney is pleased to announced that James P. Carlon has rejoined the firm, as partner in the Real Estate, Land Use and Environmental department.
Tags: Day Pitney LLP | New York
Goodwin Procter attorneys recently advised the underwriters, led by Citigroup, BofA Merrill Lynch, Credit Suisse and Goldman Sachs, in the PennyMac Financial Services, Inc. (PennyMac) initial public offering of more than 12 million shares of common stock at $18 per share. Shares began trading on the New York Stock Exchange under ticker “PFSI”.
Tags: Goodwin Procter LLP | Silicon Valley