American Realty Capital Properties, Inc. (“ARCP”) announced a definitive merger agreement to acquire all of the outstanding shares of CapLease, Inc, in a $2.2 billion transaction that will create the country’s third largest net lease real estate investment trust (REIT) with an enterprise value of $6 billion. Proskauer served as counsel to ARCP. The deal is expected to close in the third quarter of 2013, subject to certain closing conditions, including the approval of CapLease’s stockholders.

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On May 28, 2013, Fidelity National Financial, Inc. (“FNF”), a leading provider of title insurance, mortgage services and diversified services, and Lender Processing Services, Inc. (“LPS”), a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, announced the signing of a definitive agreement under which FNF will acquire all of the common stock of LPS for $33.25 per common share, for a total equity value of approximately $2.9 billion. Under the terms of the definitive agreement, FNF will pay 50% of the consideration for the LPS shares of common stock in cash and 50% in shares of FNF common stock, subject to adjustment. Cravath represented LPS in connection with this transaction.

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Cooley LLP announced today that Jeremy Naylor has joined the firm’s New York office as a partner in the Tax practice. Naylor joins Cooley from White & Case where he specialized in the representation of private equity, real estate, venture capital and hedge fund sponsors in connection with the tax aspects of structuring investment funds. At Cooley, Naylor will work extremely closely with the firm’s leading Venture Capital group.

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