Porter Hedges represented Noble Energy, Inc. (Noble Energy) in an agreement announced today to create a joint venture partnership with CONSOL Energy, Inc (CONSOL Energy) for the development of CONSOL Energy’s Marcellus Shale properties in southwest Pennsylvania and northwest West Virginia. For an aggregate value of approximately $3.2 billion, Noble Energy will acquire 50% of CONSOL Energy’s Marcellus Shale interest including a 50% interest in the existing Marcellus Shale wells. This joint venture establishes a new position for Noble Energy in the Marcellus shale.
Tags: Porter Hedges LLP | Houston Allen & Overy’s Corporate Practice Strengthened with Appointment of Tony Sparks
Allen & Overy today announced the appointment of Tony Sparks as partner in the corporate practice, further strengthening its Equity Capital Markets (ECM) and Mergers and Acquisitions (M&A) offering in Australia.
Tags: Allen & Overy LLP Greenberg Traurig Wins Landmark Patent Decision, Invalidating Broad Business Method Claims As Unpatentable
The Federal Circuit issued a landmark patent decision yesterday, affirming the Northern District of California’s grant of Greenberg Traurig client Retail Decisions, Inc.’s (“ReD”) motion for summary judgment in its long-standing litigation with CyberSource Corp. The patent relates to processes for detecting fraud in credit card transactions. CyberSource had alleged that the innovative ReD Shield fraud detection product offered by ReD infringed the ‘154 patent.
Tags: Greenberg Traurig, LLP Squire Sanders Partners Approve Western Australia Combination
The global partnership of Squire, Sanders & Dempsey has enthusiastically approved the proposed combination with Minter Ellison Perth, placing Squire Sanders among the world’s top 20 legal practices. Partners at the firm in Western Australia voted earlier this month to join Squire Sanders’ global legal practice. The combination will take effect by October.
Tags: Squire Patton Boggs Paul, Weiss Advises Time Warner Cable in Acquisition of Insight Communications
Time Warner Cable Inc. has entered into a definitive merger agreement to acquire Insight Communications Co. for $3 billion in cash in its biggest acquisition since the 2009 spinoff from Time Warner Inc. The deal, reported in the The New York Times, The Wall Street Journal and other media outlets, joins two of the ten largest U.S. cable operators by subscribers, and is expected to result in cost savings of about $100 million through programming expense savings and other cost reductions. Insight Communications is owned by the Carlyle Group, MidOcean Partners and Crestview Partners.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP Covington Advises SandRidge on Royalty Trust Offering
SandRidge Permian Trust recently announced the closing of its initial public offering of 34.5 million common units of beneficial interest at a price of $18 per unit. Net proceeds of the offering, before expenses, were approximately $584 million. The common units sold in the offering represent a 66 percent beneficial interest in the trust. Covington & Burling served as counsel to SandRidge Energy, Inc., the trust’s sponsor, in the transaction.
Tags: Covington & Burling LLP SNR Denton Shines on Solar
Freshfields Advises Permira on EUR 1.5 Billion Offer by Cargill to Acquire Animal Nutrition Industry Leader Provimi
International law firm Freshfields Bruckhaus Deringer has advised private equity firm Permira on Cargill’s EUR 1.5 billion offer to acquire Provimi, a world leader in animal nutrition. Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services.
Tags: Freshfields LLP Simpson Thacher Represents Goldman, Sachs & Co. in $2 Billion Debt Offering by Berkshire Hathaway Inc.
The Firm represented Goldman, Sachs & Co. as the sole underwriter in the public offering of $2 billion of debt securities of Berkshire Hathaway Inc. (“Berkshire”), consisting of $750,000,000 of 2.20% Senior Notes due 2016, $500,000,000 of 3.75% Senior Notes due 2021 and $750,000,000 of Floating Rate Senior Notes due 2014.
Tags: Simpson Thacher & Bartlett LLP 









