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

Tuesday, February 26, 2013

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

Tuesday, February 26, 2013

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

Alan Taylor Joins Detroit Office as General Litigation Shareholder

Monday, February 25, 2013

Segal McCambridge is pleased to announce that Alan J. Taylor has joined the firm’s Detroit office as a shareholder. Mr. Taylor will focus his practice on commercial litigation, professional negligence defense for attorneys and accountants, insurance defense, real estate litigation, business transactions, and defending creditor’s rights. He has extensive experience representing publicly-traded corporations, private companies, and individuals throughout Michigan. Mr. Taylor also regularly counsels landlords and tenants on all aspects of commercial, industrial, and residential tenancies.

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