Cahill represented Deutsche Bank Securities, Citigroup, Credit Suisse, and J.P. Morgan as joint book-running managers and the co-managers in connection with the public offering of $3,000,000,000 of Senior Notes, comprised of $1,300,000,000 6.000% aggregate principal amount of Senior Notes due 2023 and $1,700,000,000 aggregate principal amount of 6.375% Senior Notes due 2025 by T-Mobile USA, Inc. Proceeds from the offering were used for general corporate purposes.
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Davis Polk is advising AB Electrolux in connection with its $3.3 billion acquisition of the appliances business of General Electric. The acquisition includes a 48.4% shareholding in the Mexican appliance company Mabe, as well as a long term license agreement for the GE Appliances brands. The transaction, which is expected to close during 2015, is subject to regulatory approvals.
Tags: Davis Polk & Wardwell LLP
McGlinchey Stafford announced today that it has opened an office in New York City, which is the law firm’s eleventh office nationwide and its second location in the state of New York. Five attorneys have joined the firm’s new location in Midtown Manhattan. The national law firm, which also has an office in Albany, New York, now has 185 attorneys firm-wide.
Tags: McGlinchey Stafford PLLC
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Cequel Communications Holdings I, LLC, which does business as Suddenlink Communications, in connection with a $500 million private offering of senior notes. Cequel is the seventh largest cable operator in the United States.
Tags: Paul Hastings, LLPGlobal law firm Proskauer served as lead counsel to Annie’s, Inc. (NYSE:BNNY) in its definitive agreement to be acquired by General Mills, Inc. for $46.00 per share in cash, for a total transaction value of approximately $820 million. The transaction consideration represents a 51% premium over Annie’s 30-day average closing price of $30.47, as of September 5, 2014.
BuckleySandler LLP, a leading financial services and criminal & civil enforcement defense law firm, announced today the opening of its first international office, located in London. James T. Parkinson has relocated from the firm’s Washington, DC office to be its London partner-in-residence, enabling the firm to better assist its clients with their global regulatory, litigation, enforcement, financial crimes, FCPA, digital commerce, privacy/data security and anti-money laundering needs.
Tags: Buckley LLP
DLA Piper represented Clarion Partners, LLC in the sale of its 50% interest in a commercial real estate joint venture to partner Frisa, a Mexican real estate investment group. Clarion is a New York-based real estate investment manager with more than US$30 billion in total assets under management.
The joint venture portfolio included nine Class A shopping centers totaling 3.17 million square feet, and is valued at approximately US$600 million. The transaction closed in July.
Tags: DLA Piper | Mexico City
Cohen & Grigsby worked with client Bayer HealthCare to complete the company’s sale of its thrombectomy and atherectomy medical device businesses to Boston Scientific Corporation for $415 million. With this sale, Bayer HealthCare’s Medical Care division can concentrate on innovation and growth in Radiology and Diabetes Care, where the business already has a strong presence.
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Olshan is representing Alleghany Corporation in its $300 million public offering of 4.900% Senior Notes due September 15, 2044. BMO Capital Markets, Goldman, Sachs & Co., Morgan Stanley and US Bancorp are acting as joint book running managers for the public offering. Kenneth Silverman led the Olshan team that represents Alleghany, which included: Corporate: Yehuda Markovits, Kenneth Mantel and Marisa Lusthaus and Tax: Mark Limardo and Eric Homsi.
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