Simpson Thacher is representing JPMorgan, UBS and Macquarie as joint lead arrangers and joint bookrunners in connection with the approximately $3 billion financing of Citadel Broadcasting Corporation’s acquisition by Cumulus Media Inc.  The merger is expected to be completed by the end of 2011.

The Firm represented Best Buy Co., Inc. in connection with a public offering of $1.0 billion of debt securities. Best Buy offered $350 million of 3.750% Notes due 2016 and $650 million of 5.500% Notes due 2021. The offering constituted Best Buy’s largest financing in its history.

Davis Polk is advising Goldman Sachs Lending Partners LLC, Citigroup Global Markets Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC as joint lead arrangers in connection with a $700 million back-stop acquisition facility, including a $500 million senior secured term loan facility and $200 million senior secured revolving facility, for Catalyst Health Solutions, Inc. in connection with its acquisition of Walgreens Health Initiatives, Inc., a wholly owned subsidiary of Walgreen Co.

Today the Competition Appeal Tribunal (CAT) has handed down judgment in the Office of Fair Trading’s biggest-ever case, which concerned ‘cover pricing’ in the construction industry.

International investors have served initial demands on the Spanish government seeking reparation under international law for Spain’s retroactive changes to the solar photovoltaic (PV) tariff regimes.

Dewey & LeBoeuf recently represented MetLife, Inc. in connection with a $2.97 billion public offering of common stock, and the concurrent offerings by AIG of $3.38 billion of MetLife’s common stock and $3.32 billion of the company’s common equity units.

The Firm represented BNP Paribas, Deutsche Bank, HSBC, RBS, Goldman, Sachs & Co., J.P. Morgan and UBS Investment Bank, as initial purchasers, in connection with a 144A/Regulation S offering by Virgin Media Secured Finance PLC of $500 million of 5.25% Senior Secured Notes due 2021 and £650 million of 5.50% Senior Secured Notes due 2021. The notes rank pari passu with Virgin Media’s senior credit facility and its existing senior secured notes due 2018 and, subject to certain exceptions, share in the same guarantees and security which has been granted in favor of its senior credit facility and its existing senior secured notes due 2018.

Pryor Cashman has once again obtained the dismissal of a highly publicized copyright infringement claim.

Ashurst is advising People’s Republic of China (“PRC”) state-owned energy group CGNPC Uranium Resources Co., Ltd (“CGNPC-URC”) in respect of its recommended possible cash offer for the entire issued and to be issued share capital of Kalahari Minerals plc (“Kalahari”).

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.