Davis Polk Advises Shire on Its Acquisition of SARcode Bioscience

Davis Polk is advising Shire plc in connection with its acquisition of SARcode Bioscience, Inc. Under the terms of the agreement, Shire will make an upfront payment of $160 million and SARcode shareholders will be eligible to receive additional undisclosed payments upon achievement of certain milestones. The transaction, which is subject to regulatory approval in the United States and other customary closing conditions, is expected to close in the second quarter.

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Tags:  Davis Polk & Wardwell LLP | New York

Polsinelli Shughart Expands Corporate and Litigation Strengths

Polsinelli Shughart welcomes corporate law attorney Quentin L. Jennings as a shareholder and litigation attorney Kirra N. Jones as an associate to the national law firm’s Kansas City office. Prior to joining Polsinelli Shughart, Jennings and Jones were partners in their own firm, Jones Jennings, P.C.

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Simpson Thacher Represents Initial Purchasers in Senior Notes Offering by OI European Group B.V.

The Firm represented the initial purchasers in connection with OI European Group B.V.’s private offering pursuant to Rule 144A and Regulation S of €330 million aggregate principal amount of 4.875% Senior Notes due 2021. The net proceeds are being used to redeem its €300 million 6.875% Senior Notes due 2017. Goldman Sachs International acted as representative of the initial purchasers in the notes offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Ogletree Deakins Deepens Litigation Experience in California, Adds Frank Tobin as Shareholder

Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to welcome Frank Tobin as a shareholder in its San Diego office. Tobin joins Ogletree Deakins from Procopio, Cory, Hargreaves & Savitch LLP where he was a partner. Tobin is a litigator who has tried approximately 20 trials, including serving as the lead counsel in both jury and bench trials and arbitrations. His labor and employment litigation practice focuses on ERISA breach of fiduciary duty, contract disputes, unfair competition, wrongful termination, and trade secret matters. He also has significant experience with healthcare litigation and counseling and defending class action lawsuits. Tobin’s arrival signals growth in the firm’s San Diego office which opened in January. It also continues the firm’s strategic expansion in California where Ogletree Deakins has attracted and retained several highly regarded shareholders.

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Covington Advises AstraZeneca on Moderna Therapeutics Deal

AstraZeneca and Moderna Therapeutics announced an agreement to develop and commercialise pioneering messenger RNA therapeutics™ for the treatment of serious cardiovascular, metabolic and renal diseases as well as cancer. Covington & Burling advised AstraZeneca on the deal, working alongside AstraZeneca’s in-house legal team.

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McGuireWoods Strengthens Securities Practice in New York with Partner Hire

McGuireWoods LLP today announced that Stephen Older has joined the firm as a partner in its corporate and securities group in New York. As part of his practice, Older routinely represents both issuers and underwriters in a broad variety of securities transactions and has experience in a number of different industries, including healthcare, consumer and financial services and REITs, and has broad mergers and acquisitions and private equity experience.

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Tags:  McGuireWoods LLP | New York