Davis Polk – Medicis Pharmaceutical Corporation $500 Million Convertible Senior Notes Offering and Convertible Note Hedge and Warrant Transactions

Monday, May 21, 2012

Davis Polk advised Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as underwriters in connection with an SEC-registered offering by Medicis Pharmaceutical Corporation (Medicis) of an aggregate principal amount of $500 million of 1.375% convertible senior notes due 2017, which included $50 million aggregate principal of notes from the full exercise of the underwriters’ over-allotment option. In addition, Davis Polk advised Deutsche Bank AG, London Branch and JPMorgan Chase Bank, National Association as counterparties to convertible note hedge and warrant transactions with Medicis in connection with the convertible senior notes offering.

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Tags:  Davis Polk & Wardwell LLP | New York

Goodwin Procter Expands Private Investment Funds Practice With Addition Of Thomas A. Beaudoin In Boston

Monday, May 21, 2012

Goodwin Procter, a national Am Law 50 firm, today announced that Thomas A. Beaudoin has joined the firm’s Business Law Department in its Boston office as a member of Goodwin’s Private Investment Funds Practice. A leader in the field of fund formation, Beaudoin will further expand his work with venture capital funds, private equity funds and institutional investors across the U.S., Europe and Israel.

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Tags:  Goodwin Procter LLP

Clifford Chance Advises AEI on Sale of China Gas Distribution Business

Monday, May 21, 2012

Leading international law firm Clifford Chance has advised AEI Asia Ltd. (“AEI”) on the entry into an agreement for the sale of its China gas distribution business to China Resources Gas Group Limited for US$237 million. The transaction is particularly complex with 40 target companies engaged in gas sales, distribution and transportation in Mainland China. AEI China Gas Group operates 28 city gas projects, 8 gas stations and 4 midstream gas transmission pipeline projects in 11 provinces in mainland China.

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Tags:  Clifford Chance LLP | Shanghai

Simpson Thacher Represents Underwriters in $16 Billion Initial Public Offering of Facebook

Monday, May 21, 2012

Simpson Thacher represented the underwriters in the initial public offering of Facebook, Inc., which is the largest technology offering ever and the third largest IPO in U.S. history. The offering priced at $38.00 per share, which was the top of the indicative price range, and opened for trading on NASDAQ on May 18, 2012. Facebook sold 180,000,000 shares and selling stockholders sold 241,233,615 shares. Facebook and the selling stockholders also gave the underwriters a 30-day option to purchase up to 63,185,042 additional shares to cover over-allotments. Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities were bookrunners for the offering.

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Tags:  Simpson Thacher & Bartlett LLP

Simpson Thacher Represents Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC as Underwriters in $225 Million Convertible Senior Notes Offering by The Ryland Group, Inc.

Monday, May 21, 2012

The Firm recently represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC, as underwriters, in connection with a public offering by The Ryland Group, Inc. (“Ryland”) of $225 million aggregate principal amount of its 1.625% Convertible Senior Notes due 2018. The notes are fully and unconditionally guaranteed on an unsecured and unsubordinated basis by substantially all of Ryland’s direct and indirect wholly owned homebuilding subsidiaries. The offering closed on May 16, 2012.

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Tags:  Simpson Thacher & Bartlett LLP