A Weil team, led by New York partner Morgan Bale, advised Goldman Sachs as joint lead arranger, joint bookrunner and administrative agent for a $3.5 billion senior unsecured bridge facility in connection the $6.7 billion strategic investment by Walgreen Co. (Walgreens), the largest drug store chain in the United States, in Alliance Boots GmbH, a Switzerland-based international pharmacy-led health and beauty group from Kohlberg Kravis Roberts. The bridge facility and the investment closed on August 2, 2012.

More >>

Shearman & Sterling is representing Richard Schulze, founder and former Chairman of Best Buy Co., Inc., in his proposal to the Best Buy Board of Directors to acquire all of the outstanding shares of the company that he does not already own. Schulze is Best Buy’s largest shareholder, controlling 20.1% of Best Buy shares.

More >>

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, RBC Capital Markets, LLC, BMO Capital Markets Corp. and SunTrust Robinson Humphrey, Inc. as joint book-running managers on a Rule 144A/Regulation S offering by The Pantry, Inc. of $250 million aggregate principal amount of its 8.375% senior notes due 2020.

More >>

Davis Polk advised BNP Paribas Securities Corp., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint book-running managers on a public offering by PPG Industries, Inc. of $400 million aggregate principal amount of 2.7% notes due 2022.

More >>

Global law firm White & Case LLP represented The Talbots, Inc., a leading specialty retailer and direct marketer of women’s apparel, shoes and accessories, in its sale to an affiliate of Sycamore Partners, a private equity firm. The transaction was consummated today.

More >>