On July 11, 2011, NCR Corporation (NYSE: NCR) and Radiant Systems, Inc. (NASDAQ: RADS) announced a definitive agreement for NCR to acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28 per Radiant Systems share in a transaction valued at $1.2 billion. NCR and Radiant Systems currently anticipate the transaction will close during the third quarter of 2011, subject to regulatory approval.
Tags: Greenberg Traurig, LLP Akin Gump Partners With GBF to Expand Mobile Banking in Africa
Akin Gump Strauss Hauer & Feld LLP recently advised its pro bono client the Grassroots Business Fund (GBF) on a deal that will help extend crucial mobile banking opportunities to sub-Saharan Africa.
Tags: Akin Gump Strauss Hauer & Feld LLP Chris Dickerson Joins DLA Piper’s Corporate and Finance Practice in Chicago
DLA Piper announced today that Chris Dickerson, formerly a partner at Skadden, Arps, Slate, Meager & Flom LLP, has joined the Corporate and Finance practice as a partner in the Chicago office. Dickerson, who has been involved in some of the highest profile bankruptcy filings in recent years, focuses his practice on complex business reorganizations, debt restructurings and insolvency matters.
Tags: DLA Piper Davis Polk – General Dynamics Corporation $1.5 Billion Notes Offering
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering by General Dynamics Corporation of $500 million aggregate principal amount of 1.375% notes due 2015, $500 million aggregate principal amount of 2.25% notes due 2016 and $500 million aggregate principal amount of 3.875% notes due 2021. The notes are fully and unconditionally guaranteed by certain subsidiaries of General Dynamics.
Tags: Davis Polk & Wardwell LLP Winstead Welcomes Jay Brown, Hilary Borow, Steve Wedemeyer and Eight New Associates to the Houston Office
Law firm Winstead PC has officially hired the 39th lateral attorney for 2011, surpassing their Texas lateral hiring total from 2010 by 18 lateral hires already, and the firm isn’t finished hiring yet. This week, Winstead welcomes shareholders Jay W. Brown, Hilary C. Borow, and Steve Wedemeyer to the commercial litigation practice group. The three shareholders were previously with Beirne, Maynard and Parsons, L.L.P, and are joined by eight associates and eight support staff.
Tags: Winstead PC | Houston Linklaters Boosts China Corporate Practice with Senior Partner Hire and Announces New China Management Team
Linklaters today announces that Tien-yo Chao has been elected a partner in its China practice with effect from August 2011. Tien joins from Morrison & Foerster in Hong Kong where he has been a partner since 2003 after previously heading his own firm and serving as a partner at Slaughter and May.
Tags: Linklaters LLP | Hong Kong Simpson Thacher Represents Morgan Stanley as Financial Advisor to Arch Chemicals in its Sale to Lonza
Simpson Thacher is representing Morgan Stanley as financial advisor to Arch Chemicals Inc. in its sale to Lonza Group Ltd. The transaction is structured as a tender offer for 100 percent of Arch Chemicals’ outstanding shares of common stock at a price of $47.20 per share in cash, representing an enterprise value of $1.4 billion. Lonza’s cash offer is subject to customary conditions including the tendering of more than two-thirds of Arch Chemicals’ outstanding shares of common stock and clearance from antitrust regulatory authorities. Lonza expects to complete the tender offer later in 2011.
Tags: Simpson Thacher & Bartlett LLP Linklaters Advises the German Government Before the Supreme Court – Claims by the City of Berlin in the Amount of €450 Million Rejected
The German Supreme Court (Bundesgerichtshof) rejected a claim brought by the city of Berlin, according to which the German government should refinance 50% of the credit guarantees which the city council had used over many years for social housing schemes in the German capital. The city council had already been unsuccessful with a test case brought before the Regional Court (Landgericht) of Berlin in October 2009, and the Higher Regional Court had dismissed an appeal against that decision. The Supreme Court has now denied Berlin’s request for leave to appeal (which would have been necessary to file an appeal before the Supreme Court).
Tags: Linklaters LLP | Germany King & Spalding Advises on Major Real Estate Development in Mecca
King & Spalding advised Bawabat Makkah Company, a wholly owned subsidiary of Al Balad Al Ameen Company, in a suite of agreements with Sumou Real Estate Company for the development of the first phase of Makkah Gate Project, a $27 billion complex comprising residential areas, a government administrative district, a business district, a shopping area, a university city, research centers, a park and a medical city located on 83 million square meters along the Mecca-Jeddah highway near the western entrance to the holy city of Mecca.
Tags: King & Spalding LLP White & Case Advises RusVinyl on €750 Million PVC Plant Project Financing in Russia
Global law firm White & Case LLP has provided English and Russian law advice to RusVinyl LLC (‘RusVinyl’), and transaction sponsors, CJSC SIBUR Holding and SolVin GmBH & Co KG, on the €750 million project financing of a 330,000 tonnes pa PVC plant in Kstovo, Nizhny Novgorod, Russia.
Tags: White & Case LLP | Moscow