Simpson Thacher Represents Underwriters in $550 Million Notes Offering for Kimberly-Clark Corporation

The Firm recently represented underwriters, led by Deutsche Bank Securities Inc. and Goldman, Sachs & Co., in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $550 million aggregate principal amount of notes. Kimberly-Clark issued $250 million aggregate principal amount of its 2.15% Notes due August 15, 2020 and $300 million aggregate principal amount of its 3.05% Notes due August 15, 2025. The net proceeds from the transaction will be used to repay certain existing indebtedness. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Kirkland Counsels Merge Chairman on IBM’s $1B Acquisition of Merge Healthcare

Kirkland & Ellis LLP advised Michael Ferro, Merge Healthcare Inc.’s (NASDAQ: MRGE) chairman and largest stockholder, on Merge’s $1 billion acquirement by IBM (NYSE: IBM). Merge is a Chicago-based provider of medical image handling and processing, interoperability and clinical systems designed to advance healthcare quality and efficiency. Under terms of the transaction, Merge shareholders would receive $7.13 per share in cash, for a total transaction value of $1 billion.

Tags:  Kirkland & Ellis LLP | Chicago