Dechert Advises Inhibitex in $2.5B Sale to Bristol-Myers Squibb

Monday, January 9, 2012
Bristol-Myers Squibb Company and Inhibitex, Inc. announced today that the companies have signed a definitive agreement under which Bristol-Myers Squibb will acquire Inhibitex for $26.00 per share in cash pursuant to a cash tender offer and second step merger. The transaction, with an aggregate purchase price of approximately $2.5 billion, has been approved by the boards of directors of both companies. The board of directors of Inhibitex has agreed to recommend that Inhibitex’s shareholders tender their shares in the tender offer. In addition, shareholders with beneficial ownership of approximately 17% of Inhibitex’s common stock have entered into agreements with Bristol-Myers Squibb to support the transaction and to tender their shares in the tender offer.

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Tags:  Dechert LLP | New York

Davis Polk Defeats Samsung’s Antitrust Claims Against SD Card Flash Memory Joint Venture

Monday, January 9, 2012
Davis Polk has again won a dismissal, this time with prejudice, of antitrust claims brought by Samsung against SD-3C, a joint venture of Panasonic, SanDisk and Toshiba. Samsung’s case, filed in federal court in San Francisco, alleged that the creation of the SD Card Flash Memory standard and related patent pooling and licensing activities had harmed consumers and violated the antitrust laws. In August of 2011, the Court dismissed Samsung’s claims as time-barred, but allowed it to file a further amended complaint.

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Tags:  Davis Polk & Wardwell LLP

Mallesons Acts on SCF Acquisition of Nortrus and Vause Groups

Monday, January 9, 2012
Mallesons Stephen Jaques has acted for SCF Partners, a US-based private equity firm which focuses primarily on the oil and gas service sectors, on their acquisition of the Western Australian-based Nortrus business from Viburnum Funds, and their acquisition of the Vause Group, which operates in Australia and New Zealand.

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Tags:  King & Wood Mallesons

Arnstein & Lehr Opens Milwaukee Office, Welcomes Charles Pautsch, Lisa Baiocchi, and Jesse Dill

Thursday, January 5, 2012
Arnstein & Lehr is pleased to announce the opening of its Milwaukee office with the addition of partner Charles W. Pautsch, and associates Lisa Baiocchi and Jesse Dill to the firm’s Labor and Employment Practice Group. All three attorneys join Arnstein & Lehr from the law firm of Jackson Lewis LLP. The expansion of this practice complements the recent addition of labor and employment partner Lori Adelson in Fort Lauderdale in December from the law firm of Ruden McClosky.

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Hughes Hubbard Opens Office in Kansas City

Thursday, January 5, 2012
Hughes Hubbard & Reed opened an office in Kansas City, Missouri this week to enhance the firm’s U.S. litigation practice with additional experienced advocates, including trial counsel, and a significant presence in the Midwest. The new office opens with a full litigation capacity – five partners as well as 35 counsel, associates and analysts.

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Tags:  Hughes Hubbard & Reed LLP

Baker & McKenzie Bolsters Japanese Corporate / M&A Practice

Thursday, January 5, 2012
Baker & McKenzie GJBJ Tokyo Aoyama Aoki Koma Law Office (Gaikokuho Joint Enterprise) announced the expansion of its corporate/M&A practice with the addition of a team of highly regarded lawyers from Linklaters. The team includes partners Hideo Norikoshi and Jiro Toyokawa and associates Kiyoshi Endo, Seiji Tomimoto and Daisuke Wakamatsu.

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Tags:  Baker McKenzie | Tokyo