Paul Hastings Advises Wolters Kluwer Health in Agreement to Acquire Pharmacy OneSource

Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm advised Wolters Kluwer Health, a leading provider of information and business intelligence to the medical, nursing, allied health and pharmacy industries, on its definitive agreement to acquire Pharmacy OneSource, Inc., a leading healthcare Software-as-a-Service (SaaS) provider.

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Shearman & Sterling Advises Danone on Pending Acquisition of YoCream

Shearman & Sterling is representing Danone in its pending acquisition of YoCream International, Inc., the leading producer of frozen yogurt in the United States. The aggregate purchase price for all of YoCream is US$103 million, which is subject to adjustment. The transaction is subject to the satisfaction of customary conditions and is expected to be completed by the end of 2010.

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Tags:  Shearman & Sterling LLP

Clifford Chance to Open in Turkey

Clifford Chance has today announced its intention to extend further its business in the dynamic Turkish market and across South Eastern Europe with the opening of an office in Istanbul.  The office will operate in cooperation with Yegin Legal Consultancy (YLC), Clifford Chance’s well-respected associate Turkish law firm, headed by Mete Yegin.  London-based Finance partner, Simon Williams will lead the Firm’s practice in Turkey.

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Davis Polk Advises Odebrecht Oil & Gas on a US$1.5 Billion Project Bond Financing

Davis Polk advised Odebrecht Drilling Norbe VIII/IX Ltd., a wholly owned project finance subsidiary of Odebrecht Óleo e Gás S.A. (OOG), in connection with its US$1.5 billion offering of 6.35% senior secured notes due 2021, which were issued pursuant to Rule 144A and Regulation S under the Securities Act. The note proceeds will be used to pay for the construction of two deep-sea drillships, which will be chartered to Brazil’s state-owned oil company, Petróleo Brasileiro S.A. (Petrobras) and operated by OOG.

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Shearman & Sterling Advises on Lowe’s Companies Inc.’s $1 Billion Investment Grade Debt Offering

Shearman & Sterling represented Wells Fargo Securities, LLC and U.S. Bancorp Investments, Inc. as representatives of the several underwriters in connection with Lowe’s Companies, Inc.’s public offering of its $475 million of 2.125% Notes due 2016 and $525 million of its 3.750% Notes due 2021. Lowe’s is the second largest home improvement retailer in the world.

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Herbert Smith Advises PTTEP on its Acquisition of a Non-Operated Interest from Statoil Canada in KKD Oil Sands Project

The Herbert Smith Asian energy team advised PTT Exploration and Production Public Company Limited (PTTEP) as international legal counsel on its acquisition of a 40% stake in the Kai Kos Dehseh Oil Sands Project (KKD) in Canada. The transaction was completed through the purchase of 40% of the partnership units of Statoil Canada Partnership (SCP) for a total consideration of US$ 2.28 billion on 22 November 2010.

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Tags:  Herbert Smith Freehills Kramer LLP