The Firm is representing ITT Corporation in connection with its plan, announced on January 12, to separate the company’s businesses into three distinct, publicly traded companies.  Under the plan, ITT would execute tax-free spinoffs of its water-related businesses and its Defense & Information Solutions segment. Following the completion of the transaction, ITT shareholders will own shares in all three corporations. ITT expects to finalize and execute the plan before the end of the year.

Kramer Levin is representing Huntingdon Real Estate Investment Trust in its proposed merger with Fisher Communications, Inc., with Huntingdon proposing to acquire all outstanding shares of Fisher Communications’ common stock. Huntingdon is a real estate investment trust listed on the Toronto Stock Exchange, and owns 75 income producing office, industrial, retail and standalone parking lot properties. Fisher Communications is a Seattle-based media company with television, internet, radio, internet and mobile operations throughout the western United States.

Chadbourne & Parke prevailed in a trademark dispute on behalf of Bad Boy Entertainment’s Sean “Puffy” Combs (P. Diddy) against a company which attempted to register “IDIDDY” for headphones and cases for cell phones, MP3 players and similar electronic devices.

Ashurst advised partners from Zolfo Cooper,  the world’s pre-eminent advisory and interim management firm, on their role as administrators in the sale of the assets of Weather Finance III (WFIII) including all the shares in WIND Hellas Telecommunications, a leading Greek telecoms company.

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.

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.

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.

International law firm Freshfields Bruckhaus Deringer has advised the global pharmaceutical and chemical company Merck KGaA in connection with the disposal of its women’s health care and contraception business to Teva Pharmaceutical Industries Ltd.

SNR Denton announced today that it advised Tata Steel France Rail SA on a €66 Million rail sale and transportation contract as part of the global concession for the design, construction, maintenance, exploitation and financing of the new high speed railway (TGV) South Europe Atlantic.