King & Spalding announced today that corporate and securities attorney Alana Griffin will join the firm’s corporate practice group as a partner in its Atlanta office. Griffin, who has 25 years of experience in the full range of public company corporate matters, joins the firm from Synovus Financial Corp., where she served as deputy general counsel and director of regulatory relations. More >>
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Nexsen Pruet announced today that seasoned attorneys Keith Burns and Brad Staley have joined the firm in Raleigh in a move that underscores Nexsen Pruet’s focus on broadening its comprehensive Real Estate practice for businesses in North Carolina. More >>
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On August 24, 2015, Southern Company and AGL Resources announced that the boards of directors of both companies have approved a definitive merger agreement to create America’s leading U.S. electric and gas utility company. Pursuant to the agreement, Southern Company will acquire AGL Resources for cash in a transaction with an enterprise value of approximately $12 billion, including a total equity value of approximately $8 billion. Cravath represented AGL Resources in connection with this transaction. More >>
Tags: Cravath, Swaine & Moore LLP | New York
Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to welcome James J. Murphy as a shareholder in the firm’s Washington office. Murphy joins Ogletree Deakins from General Dynamics, where he spent the last 10 years as the company’s chief labor and employment counsel. He will serve as co-chair of Ogletree Deakins’ Defense Contracting Industry Group. More >>
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International law firm Freshfields Bruckhaus Deringer has advised Honeywell International on its agreement to purchase the Elster division of Melrose Industries for approximately £3.3bn. More >>
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Greenberg Traurig, LLP is pleased to announce that it has expanded its Mexico City office with the addition of three new shareholders: real estate lawyers Fernando Orrantia and Antonio A. Robles and labor & employment and mergers & acquisitions attorney José Carlos M. de Uriarte. More >>
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Akin Gump has advised PJSC LUKOIL in the sale of its 50 percent stake in Caspian Investments Resources Ltd. to China-based Sinopec for a consideration of approximately $1.1 billion. The permits to make the transfer were signed and approved by the authorities in Kazakhstan in July 2015. The deal closed today. More >>
Tags: Akin Gump Strauss Hauer & Feld LLP | Beijing | London | Moscow
Morgan Lewis continues to expand its award-winning global structured transactions capability in London with the addition of structured finance partner Theresa Kradjian, who joins the firm today, and corporate tax partner Paul Beausang, who will join the firm in October. More >>
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Dechert LLP advised the special committee of Steiner Leisure Limited (NASDAQ:STNR), a worldwide provider and innovator in the fields of beauty, wellness and education, in its definitive merger agreement to be acquired by Catterton, a leading consumer-focused private equity firm. Under the merger agreement, an affiliate of Catterton will acquire all of the outstanding shares of Steiner Leisure for US$65 per share in cash. The total transaction value, including assumed net debt, is approximately US$925 million. More >>
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Davis Polk advised C1 Financial, Inc. (“C1”) and the selling stockholders in connection with the $21.7 million SEC-registered secondary offering of 1,256,255 shares of common stock of C1 by the selling stockholders. C1’s common stock is traded on the New York Stock Exchange under the symbol “BNK.” More >>
Tags: Davis Polk & Wardwell LLP | New York | Sao Paulo