Simpson Thacher recently represented the managers, led by Morgan Stanley & Co. LLC, Mitsubishi UFJ Securities (USA), Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Capital Markets Inc., in an offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) of $4.5 billion aggregate principal amount of its senior notes in five tranches due 2017 (floating rate), 2017, 2019, 2021 and 2024 (fixed rate). The offering was conducted pursuant to Rule 144A and Regulation S. The bonds are listed on the Singapore Exchange. More >>
Tags: Simpson Thacher & Bartlett LLP | New YorkShearman & Sterling Advises on Financing for Washington Prime Group Acquisition of Glimcher Realty Trust
Shearman & Sterling represented Citibank, N.A. in providing $1.25 billion in financing commitments for the $4.3 billion acquisition by Washington Prime Group (NYSE: WPG) of Glimcher Realty Trust (GRT) through a merger transaction. More >>
Tags: Shearman & Sterling LLP | New YorkShumaker, Loop & Kendrick, LLP Serves as Sole Lead Counsel in $1.1 Billion Common Stock Offering; Shumaker Leads Two Largest Overnight Primary Common Stock Offerings in 2014
Shumaker, Loop & Kendrick, LLP announced today that it served as sole lead counsel to Health Care REIT, Inc. (NYSE: HCN) in the completion of its public offering of 17,825,000 shares at a price of $63.75 per share for total gross proceeds of approximately $1.1 billion. Including HCN’s May offering of common stock that also exceeded $1.1 billion in gross proceeds, Shumaker has served as sole lead counsel in the two largest individual overnight marketed common stock offerings by any NYSE listed company thus far in 2014 based on total gross proceeds. More >>
Tags: Shumaker, Loop & Kendrick LLP | ToledoWatson, Farley & Williams opens a new office in Dubai
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has opened its 14th office, in Dubai, United Arab Emirates (UAE). The opening is in response to increasing demand from WFW clients in the firm’s key sectors for advice in relation to their business dealings in Dubai and the UAE, and also across the Middle East generally. More >>
Tags: Watson Farley & Williams LLP | DubaiFirm Advising Auxilium in Responding to Endo’s $2.2 Billion Unsolicited Takeover Bid
Willkie client Auxilium Pharmaceuticals, Inc, a specialty biopharmaceutical company, confirmed that it has received an unsolicited, non-binding proposal from Endo International plc to acquire all of the outstanding shares of Auxilium common stock at a price of $28.10 per share in cash and Endo stock, subject to due diligence, financing and other conditions. Auxilium stated that consistent with its fiduciary duties and in accordance with the existing merger agreement with QLT Inc., the company’s Board of Directors will carefully review all aspects of the Endo proposal. The Chesterbook, Pa-based company said “The Board is not withdrawing, modifying, withholding, changing or qualifying its recommendation with respect to its existing merger agreement with QLT Inc., or proposing to do so.” More >>
Tags: New YorkFormer US DOJ Tax Division head Kathryn Keneally joining DLA Piper in New York
DLA Piper announced today that Kathryn Keneally is joining the firm’s global Tax practice as chair of its Civil and Criminal Tax Litigation group. She arrives in October as partner in the New York office.
Recognized as a national leader in the tax and criminal defense bar, Keneally served as Assistant Attorney General for the Tax Division of the US Department of Justice from 2012–2014, where she was responsible for the work of over 350 attorneys. During her tenure, she developed a groundbreaking program to redress past wrongdoing by foreign banks, and she worked closely with federal and state regulators on a precedent-setting prosecution of a large financial institution. She also developed and implemented a comprehensive approach to civil and criminal tax enforcement. Attorney General Eric G. Holder recognized her achievements by awarding her the Edmund J. Randolph Award for outstanding service to the Department of Justice and the nation, the highest honor that the Attorney General may award to a department employee. More >>
Tags: DLA Piper | New YorkHerbert Smith Freehills advises Arrium Limited on its A$754 million entitlement offer
Herbert Smith Freehills is pleased to have advised Arrium Limited (Arrium) on its A$754 million fully underwritten pro-rata accelerated renounceable entitlement offer including retail rights trading (“PAITREO”) and institutional placement (Offer), announced to the ASX on 15 September 2014. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Melbourne | Perth | SydneyPiedmont Natural Gas Company, Inc. $250 Million Notes Offering
Glimcher’s $4.3 Billion Acquisition by Washington Prime
The Firm is representing Glimcher Realty Trust in connection with its acquisition by Washington Prime Group Inc. in a stock and cash transaction valued at $4.3 billion. Glimcher shareholders will receive, for each Glimcher share, $10.40 in cash and 0.1989 of a share of WPG stock at closing. As part of the transaction, Simon Property Group, Inc. has entered into an agreement to acquire two properties currently owned by Glimcher for an aggregate cash purchase price of $1.09 billion. The transaction is expected to close in the first quarter of 2015. The combined company will be renamed WP Glimcher and will maintain Glimcher’s headquarters in Columbus, Ohio. More >>
Tags: New York | WashingtonFirm Advises Washington Prime Group in $4.3 Billion Acquisition of Glimcher Realty Trust
Willkie serves as real estate counsel to WPG in connection with the transaction, which role includes advising WPG on Glimcher’s $1.09 billion simultaneous sale of two malls to Simon Property Group.
On September 16, it was announced that Willkie client Washington Prime Group Inc. and Glimcher Realty Trust entered into a definitive agreement under which WPG will acquire Glimcher in a stock and cash transaction valued at $14.20 per Glimcher common share. The total transaction value, including the assumption of debt, is approximately $4.3 billion. More >>
Tags: Washington