Ashurst Advises Founding Shareholder on the Proposed Sale of Cinema and Film Distributorship Business to the Lai Sun Group

Ashurst acted for Lai’s Holdings (LHL), the founding shareholder of Kadokawa Intercontinental Group Holdings Limited (KIGH), on the proposed sale of the KIGH Group to Hong Kong-listed companies within the Lai Sun Group. eSun will acquire an 85 per cent. stake in the KIGH Group and Lai Sun will acquire a 100 per cent. stake in the properties currently held by the KIGH Group. As part of this transaction, Toyko-listed shareholder Kadokawa Corporation will sell all its stake in KIGH Group to the same buyers.  The total consideration involved is about HK$342 million.  LHL will remain a minority shareholder of the KIGH Group after closing.

More >>

Tags:  Ashurst | Hong Kong

Duane Morris Boston Office Adds Corporate Partner Jonathan Lourie

Duane Morris is pleased to announce that Jonathan Lourie has joined the firm’s Corporate Practice Group as a partner in the firm’s growing Boston office. Lourie’s arrival further strengthens Duane Morris’ corporate capabilities, particularly in the areas of life sciencesnew media and technology transactions. Lourie joins the firm from Edwards Wildman. Lourie is the third lawyer to join the Boston office in the past two months, including Daniel B. Winslow, a Massachusetts state representative who rejoined the firm in June.

More >>

Tags:  Duane Morris LLP

Simpson Thacher Represents J.P. Morgan in $850 Million Offering of Global Depositary Shares by Fubon Financial Holding

Simpson Thacher recently represented J.P. Morgan in connection with the offering by Fubon Financial Holding Co., Ltd. (“Fubon”) of US$850 million global depositary shares. Fubon is a leading financial holding company in Taiwan and its common shares are traded on the Taiwan Stock Exchange under the trading code “2881”. The global depositary shares are listed on the Luxembourg Stock Exchange. This transaction was the largest equity offering by a Taiwanese company since the financial crisis in 2008.

More >>

Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Simpson Thacher Represents Issuer in $1.05 Billion Initial Public Offering by ClearBridge American Energy MLP Fund Inc.

Simpson Thacher represented ClearBridge American Energy MLP Fund Inc. (the “Fund”) in connection with its $1.05 billion initial public offering of common stock. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “CBA”. The underwriting syndicate for the offering was led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York