Davis Polk advised PepsiCo, Inc. on its registered offering of $900 million aggregate principal amount of 0.7% senior notes due 2015, $1 billion aggregate principal amount of 1.25% senior notes due 2017 and $600 million aggregate principal amount of 3.6% senior notes due 2042. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. acted as joint book-running managers for the offering.
Tags: Davis Polk & Wardwell | New YorkDavis Polk advised Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint book-running managers on a Rule 144A offering by Isis Pharmaceuticals, Inc. of $201.25 million aggregate principal amount of 2.75% convertible senior notes due 2019.
Tags: Davis Polk & Wardwell
Herbert Smith and its associated Indonesian law firm Hiswara Bunjamin & Tandjung (HBT) have advised Credit Suisse and Deutsche Bank as placing agents in connection with the offering and sale of treasury shares in PT Bank Central Asia Tbk, an Indonesian retail and commercial bank listed on the Indonesia Stock Exchange.
Tags: Herbert Smith Freehills LLP | Singapore
Litigator Kimberly Brown has joined Jones Day as a partner in thePittsburgh Office. Formerly a partner with Thorp Reed & Armstrong LLP, she is a member of the Business and Tort Litigation (USA) Practice focusing on commercial and insurance litigation and the defense of product liability and toxic tort actions.
Tags: Jones Day LLP
A Clayton Utz team has advised longstanding client, Japanese steel manufacturer Nippon Steel Corporation (“Nippon Steel”), on a US$1.36bn joint venture with BlueScope Steel (“BlueScope”) to establish a new coated products business, NS BlueScope Coated Products, in South-East Asia and North America. The deal was announced to the market today.
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The Firm is representing hiSoft Technology International Limited (“hiSoft”) in connection with its proposed merger with VanceInfo Technologies Inc. (“VanceInfo”). Under the terms of the merger agreement, the companies will be combined in a tax-free, all-stock merger of equals with a combined equity value of approximately US$875 million. VanceInfo and hiSoft shareholders will each own approximately 50% of the combined company. The combined company will continue to be traded on the NASDAQ as hiSoft shares.
Tags: Simpson Thacher & Bartlett LLP | Hong KongSimpson Thacher is representing affiliates of The Carlyle Group in connection with their acquisition of The TCW Group, Inc. (“TCW”) from Société Générale. Founded in 1971, TCW is a Los Angeles-based diversified asset management firm offering U.S. equities and fixed income, international and alternative strategies, with approximately $130 billion under management. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2013. Financial terms were not disclosed.
Tags: Simpson Thacher & Bartlett LLP | New York
King & Spalding advised The Home Depot in its definitive agreement to acquire U.S. Home Systems, Inc. (USHS), a provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot.
Tags: King & Spalding LLP
In a further expansion of its Leveraged Finance practice, law firm Milbank, Tweed, Hadley & McCloy LLP has announced the addition of Neil Caddy as a partner in the firm’s Global Leveraged Finance Group, based in London.
Tags: Milbank LLP
Shearman & Sterling is advising Sun Pharmaceutical Industries Ltd. (Sun Pharma) on its merger agreement with Taro Pharmaceutical Industries Ltd. (Taro). Upon completion of the merger, Taro will become a privately held company, will be wholly owned by affiliates of Sun Pharma, and its ordinary shares will no longer be traded on the New York Stock Exchange. The closing of the merger is subject to certain terms and conditions customary for transactions of this type.
Tags: Shearman & Sterling LLP | New York