Ashurst advised The Royal Bank of Scotland N.V., London Branch and Carnegie Investment Bank AB on its role in BAE Systems plc’s sale of 11,166,173 B shares in Saab AB (publ), raising proceeds of SEK 1,553 million (£152 million) for BAE. Saab AB is listed on the NASDAQ OMX in Stockholm. The sale was executed pursuant to an accelerated book-building process.

Simpson Thacher is representing Melrose PLC (“Melrose”) on its disposal of Dynacast to KDI Holdings Inc, a newly incorporated company managed by Kenner & Company, Inc. Dynacast is a leading global provider of precision die cast components for a wide variety of industries including healthcare, consumer electronics, computers and peripherals, and automotive.

Cahill represented NBCUniversal in its winning bid to the International Olympic Committee (IOC) to acquire the U.S. broadcasting rights to the 2014 Winter Games in Sochi, Russia, the 2016 Summer Games in Rio de Janeiro, Brazil and the 2018 Winter Games and 2020 Summer Games, whose sites have yet to be chosen. As announced in Lausanne, Switzerland today, NBC and the IOC have agreed upon a deal valued at $4.38 billion, which will give NBC the exclusive broadcasting rights across television, Internet and Mobile platforms for the Olympic Games through 2020. The four Games package NBC has secured will allow the network to continue its streak of having broadcast every Summer Games since 1988 and every Winter Games since 2002.

Davis Polk is advising NBCUniversal on its acquisition of The Blackstone Group’s 50% interest in Universal Orlando. The purchase price for Blackstone’s interest is $1.025 billion, subject to various purchase price adjustments. Following the closing, NBCUniversal and its affiliates will own 100% of Universal Studios Florida, Universal’s Islands of Adventure and Universal CityWalk, which are located at Universal Orlando. The transaction is expected to close on July 1, 2011.

On June 3, Willkie client Fiat S.p.A. and the United States Department of Treasury announced that the Treasury will sell its remaining 6 percent interest in Chrysler Group LLP to a Fiat subsidiary for $500 million. Fiat will also pay an additional $60 million for the U.S. government’s rights to acquire Chrysler shares that are currently owned by a union-managed healthcare trust, and $15 million to the Canadian government for its rights to purchase union shares. Upon consummation, this transaction will result in the end of the U.S. government’s ownership stake in Chrysler. Upon announcement of the transaction, President Obama addressed a Chrysler plant in Toldeo, Ohio, touting the comeback of the U.S. auto industry.

Simpson Thacher recently represented the underwriters, Deutsche Bank Securities Inc., Barclays Capital Inc. and Citigroup Global Marks Inc., in a public offering of 25,000,000 ordinary shares of Avago Technologies Limited at an aggregate public offering price of $848,750,000 by Avago’s principal shareholders.

Bird & Bird has advised Hong Kong listed Lenovo Group Limited, the world’s fourth largest manufacturer of personal computers with a yearly turnover of $21 billion, on its public takeover of German listed company Medion AG. The transaction will be valued at approximately €629 million.

Katten Muchin Rosenman LLP is pleased to have represented the Detroit Pistons and The Palace of Auburn Hills in the completion of the sale of the NBA franchise and the team’s arena to California businessman and Michigan native Tom Gores and his private equity firm, Platinum Equity. The deal, originally announced in April, has been approved by the NBA Board of Governors and closed on June 1.

Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC as joint book-running managers on the SEC-registered debt offering by Applied Materials, Inc., including $400 million of 2.65% notes due 2016, $750 million of 4.3% notes due 2021 and $600 million of 5.85% notes due 2041.

The Firm recently represented the initial purchasers, led by Bank of America Merrill Lynch and J.P. Morgan, in a sale of $650 million of 7.250% Senior Notes due 2021 of JBS USA, LLC, a Delaware corporation, pursuant to Rule 144A and Regulation S.  In addition, the Firm represented the lead arrangers and JPMorgan Chase Bank, N.A., as administrative agent, in connection with a $475 million senior secured term loan to JBS USA, LLC.