McDermott Adds World-Class International Arbitration Partners

Monday, November 19, 2012

International law firm McDermott Will & Emery LLP today announced the appointments of two top international arbitration lawyers, Dr. Sabine Konrad and Lisa Richman, as partners in the Firm’s Frankfurt and Washington, D.C. offices, respectively.  Specializing in the area of international investment treaty arbitration, Konrad and Richman give the Firm valuable new capabilities for navigating disputes between investors and nation states. The two join McDermott from an AmLaw 20 law firm where they worked together as a team.

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Tags:  McDermott Will & Emery LLP

Paul, Weiss – Reckitt Benckiser Announces Acquisition of Schiff Nutrition for $1.4 Billion

Monday, November 19, 2012

As reported in Businessweek, Financial Times, The New York Times “Dealbook” and Reuters, Paul, Weiss client Reckitt Benckiser Group PLC (Reckitt Benckiser) announced that it will commence a tender offer on November 16 to acquire all of the outstanding shares of Schiff Nutrition International, Inc. (Schiff), a leading provider of branded vitamins, nutrition supplements and nutrition bars, for $42.00 per share in cash for the value of $1.4 billion. Reckitt Benckiser’s offer is not dependent on financing as the purchase will be funded from existing facilities.

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

Davis Polk – MRC Global Inc. $506 Million Secondary Offering

Monday, November 19, 2012

Davis Polk advised Goldman, Sachs & Co. and Barclays Capital Inc., as representatives of the underwriters, in connection with the SEC-registered offering of 23 million shares of common stock of MRC Global Inc. sold by PVF Holdings LLC, an entity controlled by funds affiliated with Goldman, Sachs & Co. The shares of common stock sold in the offering include shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. The common stock is listed on the New York Stock Exchange under the symbol “MRC.” Funds affiliated with Goldman, Sachs & Co. controlled approximately 77% of MRC prior to the offering and control approximately 55% of MRC after the offering.

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Tags:  Davis Polk & Wardwell LLP | New York

Stamford Law Acts for F&N in Bidding War Sparked by OUE’s S$13.1 Billion Offer

Monday, November 19, 2012

Stamford Law are lead legal advisors to Fraser & Neave, Limited (F&N) as the takeover saga continues in the largest-ever M&A deal in Southeast Asia, with an OUE-led consortium launching a US$10.7 billion (S$13.1 billion) bid for F&N on 15 November 2012. The consortium led by Overseas Union Enterprise Ltd (OUE) is offering S$9.08 per share for F&N, trumping the earlier TCC Assets offer of S$8.88 a share. TCC Assets is a special purpose vehicle owned by Thai billionaire, Mr. Charoen Sirivadhanabhakdi and his wife. To add to the continuing drama, Japan’s Kirin Holdings – which holds an approximate 14.8% stake in F&N – have thrown their support for the OUE offer subject to certain conditions. If the OUE offer triumphs, this will lay the foundation for the F&N conglomerate to be broken up, with Kirin indicating that they will offer to buy F&N’s food and beverage business for S$2.7 billion, and the remainder of F&N’s businesses being retained by OUE, including the property business.

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Tags:  Singapore

White & Case Acts for Qatar Holding on Strategic Investments

Friday, November 16, 2012

Global law firm White & Case LLP has acted for Qatar Holding LLC (“QH”), the direct and strategic investment arm of the Qatar Investment Authority, on two recent transactions including QH’s acquisition of a stake in media investment company The Chernin Group (“TGC”) and the establishment of an asset management joint venture between QH and Credit Suisse.

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Tags:  White & Case LLP | New York