Pryor Cashman has once again obtained the dismissal of a highly publicized copyright infringement claim.
Tags: Pryor Cashman LLP Ashurst Advising Chinese SOE on £756M Recommended Possible Offer for Kalahari Minerals plc
Clifford Chance Advises Shell on Proposed $1.3B Refinery Sale
International law firm Clifford Chance has advised Shell on plans to sell the Stanlow refinery, the UK’s second largest, to Essar Energy plc for an expected amount of approximately $1.3bn (including inventory). The two parties have agreed an exclusivity agreement in relation to the 272,000 barrel-per-day refinery and associated local marketing businesses, which will allow for employee consultation prior to entry into binding sale documentation.
Tags: Clifford Chance LLP Willkie Paris Office Advises PAI on $1B Pending Sale of Kwik-Fit
Japanese trading house Itochu Corp. recently announced its pending acquisition of U.K. automotive repair company Kwik-Fit Group Ltd. from funds managed by Willkie client PAI partners for approximately $1 billion (£637 million). Kwik-Fit, also known under the brand Speedy in France, specializes in automotive parts repair and tire sales with 1,220 repair centers in France, Holland and the UK. The transaction is subject to the approval of the antitrust authorities, as well as other required authorizations.
Tags: Willkie Farr & Gallagher LLP Shearman & Sterling Advises on Financing of $3B Acquisition of J. Crew
Shearman & Sterling represented Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA, as joint lead arrangers and joint bookrunners, in a $1.2 billion term loan and a $250 million asset-based revolving credit facility supporting the merger of J. Crew Group, Inc. with Chinos Acquisition Corporation, an affiliate of TPG Capital, L.P. and Leonard Green & Partners, L.P. TPG Capital and Leonard Green & Partners agreed to acquire the outstanding shares of common stock of J. Crew for $43.50 per share in cash per terms of the merger agreement announced in November 2010.
Tags: Shearman & Sterling LLP Davis Polk – CIGNA Corporation $600 Million Senior Notes Offering
Davis Polk advised CIGNA Corporation on an SEC-registered debt shelf takedown of $600 million aggregate principal amount of its senior notes, including $300 million aggregate principal amount of its 4.375% senior notes due 2021 and $300 million aggregate principal amount of its 5.875% senior notes due 2041. BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities acted as representatives of the several underwriters for the offering.
Tags: Davis Polk & Wardwell LLP King & Spalding Advises on District Energy System for Island Development Project
King & Spalding announced today that it advised Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, United Arab Emirates, on all aspects of the company’s competitively bid district energy system that will service a multi-billion development project on Saadiyat, a multi-faceted island development adjacent to Abu Dhabi. King & Spalding advised TDIC on the project structure and tender process, and drafted and negotiated all of the project agreements through to closing.
Tags: King & Spalding LLP Davis Polk – ArcelorMittal US$3 Billion Registered Notes Offering
Davis Polk advised Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers of an SEC-registered offering of US$500 million aggregate principal amount of 3.75% notes due 2016, US$1.5 billion aggregate principal amount of 5.50% notes due 2021 and US$1 billion aggregate principal amount of 6.75% notes due 2041 by ArcelorMittal.
Tags: Davis Polk & Wardwell LLP CMS Successfully Advises the Delhaize Group in Relation to the Acquisition
CMS in Brussels, London and Belgrade, with assistance from other CMS offices and local lawyers, has successfully advised the Delhaize Group in relation to the acquisition of Delta Maxi Group, the leading Serbian food retail company which operate more than 450 stores in five Southeastern European countries (Serbia, Bulgaria, Bosnia and Herzegovina, Montenegro and Albania).
Tags: CMS Dickstein Shapiro Adds Team of Six IP Litigators; Opens Silicon Valley Office
Rapidly growing its Intellectual Property Practice on the West Coast, Dickstein Shapiro LLP is pleased to announce its expansion into Silicon Valley with the arrival of powerhouse IP litigation partners Deborah Fishman, Jeffrey Miller, and Krista Carter, as well as associates Katie Scott, Assad Rajani, and Jessica Hubley. The team represents companies ranging in size from Fortune 500 to start-ups in high-stakes patent litigation involving a wide range of technologies, as well as in patent portfolio management and patent and trademark infringement matters.
Tags: | Silicon Valley