Simpson Thacher Represents Rockwood Holdings, Inc. in Secondary Offering of Common Stock

The Firm recently represented Rockwood Holdings, Inc. (“Rockwood”) in connection with a secondary offering of 8,000,000 shares of common stock of Rockwood by funds affiliated with Kohlberg Kravis Roberts & Co. L.P. and DLJ Merchant Banking Partners III, L.P.  The underwriter of the offering agreed to purchase the shares at a price of $37.52 per share, resulting in gross proceeds to the selling stockholders of approximately $300 million.

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White & Case Advises Talvivaara Mining Company on €225M Convertible Bond Offering

Global law firm White & Case LLP has advised FTSE 250-listed Finnish mining company, Talvivaara Mining Company Plc, on its €225 million senior unsecured convertible bonds offering. This is the first “cash-settled” convertible bond issued by a Finnish publicly traded company in that it allows investors to exchange bonds for cash during the period prior to the bonds becoming convertible into Talvivaara’s ordinary shares. The size of the deal was increased to €225 million after the greenshoe option was exercised by the joint bookrunners.

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Davis Polk Advises Morgan Stanley on Launch of Independent Advisory Firm

Davis Polk is advising Morgan Stanley in connection with an agreement reached between Morgan Stanley and the employees of its in-house quantitative proprietary trading unit Process Driven Trading (PDT), whereby PDT employees will acquire certain assets from Morgan Stanley and launch an independent advisory firm at the end of 2012. Morgan Stanley will have the option to acquire a preferred stake in the new entity, to be known as PDT Advisors.

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Skadden Representing Duke Energy and Progress Energy in Merger

Skadden is representing both Duke Energy and Progress Energy, Inc., in connection with the antitrust and regulatory aspects of their announcement, on Jan., 10, 2011, that both companies’ boards of directors have unanimously approved a definitive merger agreement. The combined company, to be called Duke Energy, will be the country’s largest utility.

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Kirkland & Ellis LLP Advises Monomoy Capital Partners in Final Closing of $400 Million Second Fund

Kirkland & Ellis LLP advised Monomoy Capital Partners in the closing of its second fund, Monomoy Capital Partners II, L.P. (“Fund II”), with $400 million of limited partner commitments. Monomoy’s Fund II, which exceeded the firm’s $350 million fundraising target, was significantly oversubscribed at its final closing. Monomoy secured commitments from a substantial majority of its existing investors and added a number of high-quality new investors from Europe and the United States to its limited partner base.

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Simpson Thacher Represents Underwriters in $157 Million Initial Public Offering of Nuveen Build America Bond Opportunity Fund

Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated and Nuveen Investments, LLC, in connection with the initial public offering of Nuveen Build America Bond Opportunity Fund (the “Fund”). The offering raised approximately $157 million, assuming full exercise of the underwriters’ option to purchase additional shares.

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Stamford Law Advises AVIC Kairong on its Acquisition of Listing Status

Stamford Law Corporation is advising AVIC Kairong on its acquisition of listing status through an Implementation Agreement it has signed with Sino-Environment Technology Group Limited, an SGX-ST Main Board listed company currently under judicial management whose shares are currently suspended from trading.

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Shearman & Sterling Advises on Precision Drilling Corporation’s $650 Million Private Placement of Senior Notes

Shearman & Sterling represented Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, as joint bookrunning managers, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and TD Securities (USA) LLC, as senior co-managers, and Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC, as co-managers, in connection with Precision Drilling Corporation’s private placement of $650 million aggregate principal amount of its 6.625% Senior Notes due 2020. The notes are guaranteed by certain of Precision’s subsidiaries.

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