Davis Polk Advises NEC on Its Acquisition of Convergys’ Information Management Business

Friday, March 23, 2012
Davis Polk is advising NEC Corporation on its $449 million acquisition of Convergys Corporation’s Information Management (IM) business. Following the acquisition, the IM business will be integrated into NetCracker Technology Corporation, a subsidiary of NEC and the leading provider of telecom operations and management systems to communications service providers worldwide. The acquisition is expected to close by late second quarter of 2012.

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Tags:  Davis Polk & Wardwell LLP | Tokyo

Davis Polk – AK Steel Corporation $300 Million Senior Notes Offering

Friday, March 23, 2012
Davis Polk advised Merrill, Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers of an SEC-registered offering by AK Steel Corporation of $300 million principal amount of 8.375% senior notes due 2022, guaranteed on a senior unsecured basis by AK Steel Holding Corporation.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represented Initial Purchasers in Sale of $1.0 Billion Senior Notes due 2017 and $1.0 Billion Senior Notes due 2022 by FMG Resources (August 2006) Pty Ltd

Friday, March 23, 2012

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBS Securities Inc. and UBS Securities LLC, in the sale of an aggregate principal amount of $1.0 billion 6.000% Senior Notes due 2017 and $1.0 billion 6.875% Senior Notes due 2022 of FMG Resources (August 2006) Pty Ltd, an Australian corporation (“FMG”), and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd (“Fortescue”), pursuant to Rule 144A and Regulation S. The notes are guaranteed by certain of Fortescue’s direct and indirect subsidiaries. The deal closed on March 19, 2012. FMG intends to use the net proceeds from the offering to expand its existing operations and for general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Goodwin Procter Expands Labor & Employment Practice with Addition of Kristen Garcia Dumont in Silicon Valley

Thursday, March 22, 2012
Goodwin Procter, a national Am Law 50 firm, today announced that Kristen Garcia Dumont has joined the firm’s Litigation Department in its Silicon Valley and San Francisco offices as a member of Goodwin’s Labor & Employment and Technology Companies Practices. She will focus on defense work for technology companies related to a wide range of employment disputes, including employee mobility lawsuits, discrimination, harassment, wrongful termination and whistleblower complaints. Dumont joins Goodwin from Wilson Sonsini Goodrich & Rosati’s San Francisco office where she was a partner.

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Tags:  Goodwin Procter LLP | Silicon Valley