A Weil team advised Morgan Stanley on a senior unsecured 364-day high grade bridge facility in connection with the $2.65 billion acquisition of Longview Timber LLC, a US-based forestry company, by Weyerhaeuser Co., a US real estate trust that is one of the largest producer of wood and cellulose fibers, from Brookfield Asset Management Inc. The bridge facility and the acquisition were announced on June 17, 2013, and the acquisition is expected to close in July.
Tags: Weil, Gotshal & Manges, LLP
A Stoel Rives legal team, led by Ronald G. Moffitt, Ronald J. Lone, Christopher J. (C.J.) Voss and Greg D. Corbin, assisted client Brookfield Asset Management Inc. in reaching agreement for the sales announced June 16 of both Longview Timber and Longview Fibre Paper and Packaging. The two separate transactions totaled $3.675 billion.
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Paul Hastings LLP, a leading global law firm, announced today that Douglas Flaum has joined the firm as a partner with the Litigation practice in New York.
Tags: Paul Hastings, LLP | New YorkPaul Hastings LLP, a leading global law firm, announced today that the firm represented Cowen and Company, a diversified financial services firm, as placement and exchange agent in connection with the issuance of $75.0 million aggregate principal amount of 5.875% senior notes due 2017 issued by Smith & Wesson Holding Corporation in exchange for approximately $42.8 million of the company’s 9.50% senior notes due 2016 from existing holders of such notes and the purchase by certain of such holders of additional new notes for cash. The firm is also representing Cowen and Company as dealer manager in connection with the company’s cash tender offer for certain of the company’s outstanding common stock.
Tags: Paul Hastings, LLP | New York
Aarti Shah, a former senior investigative attorney at the International Trade Commission (ITC), has joined Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. as a member in the firm’s Intellectual Property practice. She is based in Washington, D.C.
Tags: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Davis Polk is advising Delonex Energy Limited in connection with a $600 million investment from an investment group led by an affiliate of Warburg Pincus LLC.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk is advising Grupo Financiero Santander México, S.A.B. de C.V. in connection with the Ps.643 million acquisition by its subsidiary, Banco Santander (México), S.A., Institución de Banca Múltiple, of ING Hipotecaria, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada, a subsidiary of ING Group. The transaction, which is subject to customary regulatory approvals, is expected to close in the second half of 2013.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised affiliates of each of J.P. Morgan Securities LLC and Barclays Capital Inc. in connection with the execution of forward sale agreements on approximately 29.6 million shares of Thermo Fisher Scientific Inc.’s common stock (NYSE: TMO) in connection with an SEC-registered offering of an equal number of shares. The approximately 29.6 million shares include approximately 3.9 million shares purchased by the underwriters pursuant to their over-allotment option. In connection with the forward sale agreements, J.P. Morgan Securities LLC and Barclays Capital Inc., each as agent for its respective affiliate, borrowed an aggregate of approximately 29.6 million shares of Thermo Fisher Scientific Inc.’s common stock (approximately 25.7 million shares, in the aggregate, in connection with base forward sale agreements and 3.9 million shares, in the aggregate, in connection with additional forward sale agreements executed in connection with the exercise by the underwriters of their over-allotment option) from third parties and sold these shares to the underwriters. The net proceeds of the offering (assuming physical settlement of the forward sale agreements at the initial forward sale price) are expected to be approximately $2.46 billion.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk & Wardwell LLP today announces that Jon Leibowitz, former Chairman of the Federal Trade Commission (FTC), is joining the firm as a partner in its Washington, DC office. Mr. Leibowitz served as Chairman of the FTC from 2009 to 2013 and as a Commissioner from 2004 to 2009.
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The global law firm Jones Day is pleased to announce the appointment of Johan Kleyn as a Mergers & Acquisitions partner in the Firm’s Amsterdam Office. Mr. Kleyn comes to the Firm from Allen & Overy. In addition, the Amsterdam Office welcomes Gerjanne te Winkel and Floris Pierik as of counsel in the Global Disputes and Mergers & Acquisitions practices, respectively.
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