Davis Polk is advising Charoen Pokphand Foods Public Company Limited (CPF) and its wholly owned subsidiary in connection with its $2.174 billion acquisition of a controlling 74.18% interest (on a fully diluted basis) in C.P. Pokphand Co. Ltd. (CPP) from two indirect wholly owned subsidiaries of Charoen Pokphand Group Company Limited, a major shareholder of CPP, and a related shareholder. The transaction is expected to be completed in mid-March 2012 and is subject to the shareholders’ approval of CPF and customary closing conditions.

Davis Polk is advising Shanda Interactive Entertainment Limited on a going-private transaction which will result in its being taken private by Premium Lead Company Limited, a company jointly owned by Tianqiao Chen, Chairman of the Board, Chief Executive Officer and President of Shanda, his wife Qian Qian Chrissy Luo, a non-executive director of Shanda, and his brother Danian Chen, Chief Operating Officer and a director of Shanda (the Buyer Group). In connection with the transaction, each of Shanda’s ordinary shares will be converted into the right to receive $20.675 in cash per ordinary share without interest, except for shares held by the Buyer Group. The Buyer Group intends to fund the transaction through a combination of proceeds from a loan facility in the amount of $180 million from JPMorgan Chase Bank, N.A., cash in Shanda and its subsidiaries, and a cash contribution from the Buyer Group. The transaction is expected to close before the end of the first quarter of 2012 and is subject to customary closing conditions, including approval by Shanda’s shareholders. The transaction values Shanda’s equity at approximately $2.3 billion on a fully diluted basis.

Shearman & Sterling is representing Premium Lead Company Limited and its direct wholly-owned subsidiary, New Era Investment Holding Ltd., in the privatization of Shanda Interactive Entertainment Limited (Nasdaq: SNDA). The transaction is expected to close before the end of the first quarter of 2012.