Dechert Serves as Antitrust Counsel to US Airways in Merger with American Airlines

Dechert partner Paul T. Denis is leading a team serving as antitrust counsel to US Airways in its proposed merger with American Airlines that was announced today. The boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways’ stock as of February 13, 2013. The two firms will operate under the name American Airlines.

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DLA Piper Advises Banking Consortium on the Refinancing of a Retail Property Portfolio Worth 275 Million Euros

DLA Piper has been advising a banking consortium managed by SEB AG and comprising SEB AG, Landesbank Hessen-Thüringen Girozentrale, Deutsche Hypothekenbank (Actien-Gesellschaft), ING Bank and Coreal Credit Bank AG on the refinancing of a retail property portfolio with 38 locations in Germany and a value of more than 275 million euros. Each of the participating banks is contributing to the financing with an equal share (20 per cent).

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DLA Piper Advises Gruner + Jahr on the Acquisition of the Mobile Advertising Network Seventynine

DLA Piper has been advising the Gruner + Jahr publishing group on the acquisition of the Indian start-up Seventynine. Seventynine specializes in digital advertising for mobile devices. Its business is being purchased by the leading Indian digital marketing company NetworkPlay, in which Gruner + Jahr acquired a majority holding at the beginning of the year – also with the assistance of DLA Piper. Acquisition of the Seventynine business enables Gruner + Jahr to further reinforce its presence on the Indian advertising market.

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