Stamford Law Acts for F&N in S$8.8 Billion Takeover by Chareon Sirivadhanabhakdi

Stamford Law Corporation and Allen & Gledhill LLP are acting as legal advisers to Fraser and Neave, Limited (“F&N”) in the S$8.8 billion proposed takeover of F&N by TCC Assets Limited (“TCC Assets”). TCC Assets announced a mandatory general offer of S$8.88 per F&N share on 13 September 2012 after its shareholding in F&N, together with its concert parties, reached approximately 30.36% of the total issued F&N shares.

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Tags:  Singapore

Davis Polk Advises Citigroup on the Acquisition of Its Stake in Morgan Stanley Smith Barney Holdings

Davis Polk is advising Citigroup in connection with the acquisition of a 14% stake in Morgan Stanley Smith Barney Holdings LLC (MSSB) by Morgan Stanley at an implied 100% valuation of $13.5 billion. Morgan Stanley and Citi have also reached agreement with respect to the purchase of Citi’s remaining 35% stake in MSSB no later than June 1, 2015, subject to obtaining the required regulatory approval.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Apax Partners in the Acquisition of Garda World Security Corporation

The firm is representing Apax Partners in the announced acquisition of Garda World Security Corporation (TSX:GW) by a consortium formed by Garda founder and Chief Executive Officer Stéphan Crétier and a subsidiary of funds advised by Apax Partners for C$1.1 billion in cash, including assumed debt. The transaction, which is subject to customary closing conditions, including Canadian court approval, shareholder approval and receipt of all regulatory approvals, is expected to close later this calendar year.

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Tags:  Simpson Thacher & Bartlett LLP | New York