Shearman & Sterling Advises BE Aerospace on $162 Million Acquisition of Satair’s OEM Distribution Business

Shearman & Sterling represented BE Aerospace, Inc on its $162 million acquisition of Satair A/S’s OEM distribution business. NASDQ-listed BE Aerospace is the world’s leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables. Satair is one of the worldwide leaders within sales and distribution of production parts and spare parts for aircraft maintenance and production.

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Shearman & Sterling Advises Underwriters in eBay’s $1.5 Billion Notes Offering

Shearman & Sterling represented Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as representatives of the underwriters in connection with eBay Inc.’s offering of US$400 million of its 0.875% Notes due 2013, US$600 million of its 1.625% Notes due 2015 and US$500 million of its 3.250% Notes due 2020. eBay Inc. is a California-based company that operates a global online commerce platform and online payments solutions systems.

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K&L Gates Assists PPL Corporation in Obtaining Federal Regulatory Approvals for $7.6 Billion Acquisition of E.ON U.S.

Global law firm K&L Gates LLP served as federal regulatory counsel to PPL Corporation (PPL) in its $7.6 billion acquisition of E.ON U.S. LLC and its utility subsidiaries, Louisville Gas & Electric Company and Kentucky Utilities Company. The acquisition, which closed today, received final regulatory approval from the Federal Energy Regulatory Commission (FERC) on October 26.

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Shearman & Sterling Represents Fairfax Financial in Acquisition of First Mercury

Shearman & Sterling is representing Fairfax Financial Holdings Limited in its planned acquisition of First Mercury Financial Corporation in a transaction valued at approximately $294 million. The transaction is subject to customary conditions, including approval by First Mercury’s stockholders and regulatory approvals, and is expected to close in the first quarter of 2011.

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White & Case Advises Qatar Holding on Purchase of Banco Santander Brasil Stake

Global law firm White & Case LLP has advised Qatar Holding LLC (“Qatar Holding”), the strategic and direct investment arm of the Qatar Investment Authority, on its purchase of US$2.719 billion of 6.75% Mandatorily Exchangeable Bonds due 2013 issued by Banco Santander, S.A., which are exchangeable into approximately 5% of the shares of Banco Santander (Brasil) S.A.

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Nossaman Wins Major Medi-Cal Reimbursement Victory

Today, Nossaman announced that the firm’s client Sutter Health received the final decision in a major Medi-Cal appeal case. The decision will be of major significance to all hospitals in the state that have Neonatal Intensive Care Units (NICUs) because it clarifies the reimbursement rate available through Medi-Cal based on nurse-to-patient ratios.

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