Davis Polk is advising Roche on its proposal to acquire Illumina, Inc. for $44.50 per share in cash, or approximately $5.7 billion on a fully diluted basis. In addition, Roche will nominate a slate of highly qualified, independent candidates for election to Illumina’s board of directors and propose certain other matters for the consideration of Illumina’s shareholders at Illumina’s 2012 annual meeting, which, if adopted, would result in Roche-nominated directors comprising a majority of the Illumina board. Roche’s offer will be subject to customary conditions, including the tender of a majority of Illumina’s shares of common stock.
Tags: Davis Polk & Wardwell LLP | New York Dechert Represents Celgene in Acquisition of Avila Therapeutics
Celgene Corporation (NASDAQ: CELG), a New-Jersey-based corporation and Avila Therapeutics, Inc., a Massachusetts-based privately held biotechnology company developing targeted covalent drugs that treat diseases through protein silencing, today announced a definitive merger agreement under which Celgene Corporation will acquire Avila Therapeutics, Inc.
Tags: Dechert LLP Orrick Advises San Diego Gas & Electric in Major Wind Power Investment
In a first-of-its-kind transaction, a San Francisco and Washington, D.C., team recently advised San Diego Gas & Electric (SDG&E) in its $285 million investment in the Rim Rock wind power project in northern Montana. This is the first time that a California regulated utility has invested in a renewable energy project in order to use the tax benefits of ownership to reduce the price it pays for energy.
Tags: Orrick, Herrington & Sutcliffe LLP Weil – AmSafe Global Holdings to be Acquired by TransDigm for $750 Million
AmSafe Global Holdings, Inc., a world leading supplier of innovative, highly engineered and proprietary safety and restraint equipment used primarily in the global aerospace industry, announced that it has reached agreement to be purchased by TransDigm Group Incorporated for $750 million. Global firm Weil, Gotshal & Manges was counsel to AmSafe on the all-cash transaction, which is expected to close before the end of the second quarter of fiscal 2012, subject to regulatory approvals and customary closing conditions.
Tags: Weil, Gotshal & Manges, LLP Clifford Chance Advises CVC on its Sale of Minit Asia Pacific Co. Ltd
Leading international law firm Clifford Chance has advised a seller formed by funds advised by CVC Asia Pacific (CVC) on its sale of Minit Asia Pacfic Co. Ltd (Minit Asia) to a purchaser formed by the private equity fund, Unison Capital I, L.P.
Tags: Clifford Chance LLP | Tokyo Leading Project Finance Partner Joins Vinson & Elkins in Abu Dhabi; Middle East Practice Continues to Grow
The international law firm Vinson & Elkins LLP further expands its Middle East practice with the addition of project finance partner Dominic Harvey and five new associates.
Tags: Vinson & Elkins LLP DLA Piper Enhances Private Equity Practice with Addition of Leading Private Equity Lawyer Daniel J. Eisner
Kasowitz Expands IP Litigation Group in New York with Michael Eisenberg
Kasowitz, Benson, Torres & Friedman LLP is pleased to announce that Michael Eisenberg has joined the law firm’s intellectual property litigation group as a partner in the firm’s New York office. He was formerly counsel with the patent litigation group at Weil, Gotshal & Manges LLP.
Tags: Kasowitz Benson Torres LLP | New York Pepper Hamilton Enhances Labor and Employment Practice with Addition of Christopher J. Moran
Pepper Hamilton LLP announced that Christopher J. Moran has joined the firm as a partner in the Labor and Employment Practice Group, resident in the Philadelphia office.
Tags: Pepper Hamilton LLP Al-Jadaan and Clifford Chance Advise on Landmark Sovereign and Largest Ever Saudi Sukuk
Al-Jadaan & Partners Law Firm, in conjunction with the Dubai office of Clifford Chance LLP, have advised the Saudi Arabian General Authority of Civil Aviation (“GACA”) in relation to the issuance in the Kingdom of Saudi Arabia of a SAR15 billion (approximately US$4 billion) sukuk due 2022 (the “Sukuk”).
Tags: Clifford Chance LLP | Dubai