Kirkland & Ellis represents 3G Capital, which along with Berkshire Hathaway, announced today its agreement to acquire H.J. Heinz Company in a transaction valued at approximately $28 billion, the largest ever in the food industry. The transaction is subject to approval by shareholders, receipt of regulatory approvals and other customary closing conditions, and is expected to close in the third quarter of 2013.
Tags: Kirkland & Ellis LLP | New York
Loeb & Loeb LLP represented the special committee of the board of directors of Verint Systems Inc., a provider of analytic software solutions for the security and business intelligence markets, in its acquisition of Comverse Technology Inc. The transaction, valued at approximately $960 million, was completed in February 2013. The all-stock deal eliminated Comverse’s majority ownership in and control of Verint following the spinoff by Comverse of its telecommunications business.
Tags: Loeb & Loeb LLP | New York
The Firm is representing AXIS Capital Holdings Ltd. (“AXIS Capital”) in connection with the sale by Stone Point Capital LLC’s Trident II, L.P. and related entities (“Trident”) of its remaining stake in AXIS Capital. AXIS Capital priced its secondary share offering of nearly 2.74 million shares at $39.50 per share, a value of approximately $108 million. Upon completion of this offering, Trident will no longer own any of AXIS Capital’s common shares.
Tags: Simpson Thacher & Bartlett LLP | New York
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.
Tags: Dechert LLP
Dickinson Wright LLP is pleased to announce that Wendy Hulton has joined the firm as Partner.
Tags: Dickinson Wright PLLC
Davis Polk advised J.P. Morgan Securities LLC and Goldman, Sachs & Co. as initial purchasers in a Rule 144A offering by Accuray Incorporated of $100 million aggregate principal amount of its 3.50% convertible senior notes due 2018.
Tags: Davis Polk & Wardwell LLP | Silicon Valley
Paul Hastings, a leading global law firm, announced today that it represented Credit Suisse as the sole bookrunner in the US$114 million global depositary receipts (GDRs) offering by Seoul-headquartered Youngone Corporation (“Youngone”).
Tags: Paul Hastings, LLPPaul Hastings, a leading global law firm, announced today that the firm represented Lexington Realty Trust (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, in the refinancing of its secured credit facility.
Tags: Paul Hastings, LLP | New York
The Hogan Lovells Warsaw office has been providing advice to the Amazon group on its acquisition of the Ivona Software group of companies.
Tags: Hogan Lovells