Paul, Weiss – Office Depot and OfficeMax Agree to $1.2 Billion Merger

Paul, Weiss clients PJ Solomon and Morgan Stanley acted as joint financial advisers to Office Depot in its agreement to merge with OfficeMax for $1.2 billion. Terms of the deal call for Boca Raton, Florida-based Office Depot to issue 2.69 shares for each share of OfficeMax, valuing the smaller company at $13.50 per share. Naperville, Illinois-based Officemax will have the ability to pay dividends of up to $131 million, or $1.50 per share, before closing.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York

Ashurst Advises on the Financing and Sale of the Fujairah Oil Terminal Project

Ashurst has advised Concord Energy Pte Ltd and its affiliates on the sale of a 50% interest in Fujairah Oil Terminal FZC (“FOT“) to Sinomart KTS Development Limited, which completed on 3 January 2013 and FOT on the USD 251,860,000 limited recourse financing of the project, provided by a syndicate of six international banks. The financing closed on 13 February 2013.

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Tags:  Ashurst | Singapore