Cravath – IBM’s Proposed Acquisition of Kenexa

On August 27, 2012, IBM and Kenexa announced that the two companies have entered into a definitive merger agreement for IBM to acquire Kenexa in an all-cash transaction at a price of $46.00 per share, or a net price of approximately $1.3 billion. Cravath represented IBM in connection with this transaction. The acquisition, which is subject to Kenexa shareholder approval, applicable regulatory clearances and other customary closing conditions, is expected to close in the fourth quarter of 2012.

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Tags:  Cravath, Swaine & Moore LLP | New York

Morgan Lewis Advises New York Times on About Group Sale to IAC

The New York Times Company, a leading global multimedia news and information company, announced that it has entered into an agreement to sell its About Group, which includes the Web sites of About.com, ConsumerSearch.com and CalorieCount.com, to leading media and Internet company IAC for $300 million in cash. The transaction is expected to close in the next several weeks.

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Tags:  Morgan, Lewis & Bockius LLP | New York

Clark Hill West Michigan Expands Grand Rapids Office at 200 Ottawa Avenue, NW

Clark Hill PLC has expanded its West Michigan office with the addition of 4,400 square feet at its current location at 200 Ottawa Avenue NW in downtown Grand Rapids. The office expansion is the result of an increase in attorneys and staff in the Grand Rapids office, which has grown from nine attorneys to 26 attorneys and other professionals since it opened in 2006. The growth of the Grand Rapids office is consistent with the firm’s overall growth.

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Tags:  Clark Hill PLC | Grand Rapids

Davis Polk Advises ICICI Bank Limited on $750 Million Notes Offering

Davis Polk advised ICICI Bank Limited, acting through its Dubai branch, in connection with a Rule 144A/Regulation S offering of $750 million aggregate principal amount of 4.7% notes due 2018. Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International and Standard Chartered Bank were the joint lead managers and dealers for the offering.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong