Covington Advises Goodyear on $500M Mandatory Convertible Preferred Stock Offering

Covington & Burling LLP represented The Goodyear Tire & Rubber Company in its $500 million registered underwritten offering of 5.875 percent Mandatory Convertible Preferred Stock, which closed on March 31, 2011. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Citi and Credit Agricole Securities (USA) Inc. served as joint book-running managers for the offering.

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Kelley Drye Expands to West Coast

Kelley Drye & Warren LLP, which represents U.S. and international clients across a wide spectrum of legal specialties, is expanding its national presence by merging  with White O’Connor Fink & Brenner LLP, a highly respected Los Angeles litigation firm best known for its success in complex business and entertainment industry litigation.

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Davis Polk – NXP Semiconductors N.V. $1 Billion Secondary Offering

Davis Polk advised Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated as representatives of the several underwriters in connection with the SEC-registered secondary offering of 30,000,000 shares of common stock of NXP Semiconductors N.V. The underwriters also exercised an option to purchase an additional 4,431,000 shares from the selling stockholders. The aggregate price to the public was $1,033 million. The common stock is listed on the Nasdaq Global Market under the symbol “NXPI.”

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Davis Polk Advises Repsol and YPF on $1.2 Billion Secondary Offering of American Depository Shares of YPF

Davis Polk advised Repsol YPF, S.A. and YPF, S.A. in connection with the public offering by Repsol of 30,145,898 American Depository Shares (ADSs) of YPF. The gross proceeds to Repsol from the offering were over $1.2 billion. Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Itaú BBA, Morgan Stanley, Raymond James and Santander Investment acted as underwriters for the offering.

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Fenwick & West Represents Diamond Foods in Merger with Procter & Gamble’s Pringles Business

Fenwick & West LLP represented its client Diamond Foods, Inc. in its pending merger with the Pringles business of The Procter & Gamble Company (“P&G”). Pringles is the world’s largest potato crisp brand with sales in over 140 countries and manufacturing operations in the U.S., Europe and Asia. The global, iconic brand will join Diamond’s dynamic portfolio of brands, which includes Diamond of California and Emerald nuts, Pop Secret microwave popcorn and Kettle Brand potato chips.

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