Davis Polk is advising Baidu, Inc. on its acquisition of shares of iQiyi.com held by Providence Equity Partners. The definitive agreement was entered into on November 2, 2012, and the transaction is expected to close in the fourth quarter of 2012. Upon completion, Baidu will have a substantial majority stake in iQiyi.
Tags: Davis Polk & Wardwell | Beijing
Hogan Lovells has been successful on behalf of BTA Bank in a significant milestone in one of the biggest fraud cases ever to come before the English courts
Tags: Hogan Lovells
Leading international law firm Norton Rose has announced that Michelle David, a pension law and employee benefits specialist, has joined its Johannesburg office as a director.
Tags: Norton Rose Fulbright
Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, in connection with the registered public offering by Block Financial LLC, a wholly-owned subsidiary of H&R Block, Inc., of $500 million aggregate principal amount of 5.50% notes due 2022 guaranteed by H&R Block.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC as joint book-running managers, in connection with a public offering of 20,000,000 Depositary Shares, each representing a 1/40th interest in a share of 6.375% Non-Cumulative Perpetual Preferred Stock, Series A, par value $1 per share, with a liquidation preference of $1,000 per share, of Regions Financial Corporation. The Underwriters have the right to purchase up to an additional 2,000,000 depositary shares at the public offering price to cover over-allotments. The offering closed on November 1, 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented SunGard Data Systems Inc. (“SunGard”) in connection with its Rule 144A and Regulation S offering of $1.0 billion aggregate principal amount of 6.625% Senior Subordinated Notes due 2019. SunGard used a portion of the proceeds from the offering to fund its cash tender offer (the “Tender Offer”) for any and all of its outstanding 10¼% Senior Subordinated Notes Due 2015 (the “2015 Notes”). SunGard will use the remaining proceeds for the repurchase or redemption of any 2015 Notes not purchased in the Tender Offer.
Tags: Simpson Thacher & Bartlett LLP | New YorkLaw firm Ashfords LLP has boosted its Commercial Litigation team further with the appointment of Partner Jonathan Sharp.
The Ajamie legal team designed and negotiated a global resolution of multi-jurisdictional disputes in the United States and Mexico involving over 35 corporate entities and individuals and 40 civil proceedings in federal and state court in the U.S., in federal and state court in Mexico, and in civil arbitration proceedings before CANACO in Mexico.
Tags: Ajamie LLP | Houston
Leading global law firms Mayer Brown and Herbert Smith Freehils have advised London-based Ecofin Energy Resources PLC (Ecofin) on its merger with ASX listed Amadeus Energy Limited to create a leading ASX listed mid-cap oil & gas company worth US $200million.
Tags: Mayer Brown LLP