The Firm represented the underwriters, led by Barclays, Deutsche Bank Securities and Morgan Stanley, in connection with a public offering by Altria Group, Inc. of $1 billion aggregate principal amount of its 2.625% Notes due 2020, guaranteed by Philip Morris USA Inc. The offering closed on November 14, 2014. More >>
Tags: New YorkEncana Acquires Athlon Energy for $7.1 Billion
Paul, Weiss client Encana Corporation closed the cash tender offer made by its indirect, wholly owned subsidiary, Alenco Acquisition Company, Inc., to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon Energy Inc. Promptly following the consummation of the offer, Alenco Acquisition was merged with, and into, Athlon, with Athlon as the surviving entity and becoming an indirect, wholly owned subsidiary of Encana, a leading North American energy producer. As previously announced, the acquisition price was approximately $5.93 billion, and Encana has assumed Athlon’s $1.15 billion of senior notes, for a total transaction value of approximately $7.1 billion. More >>
Tags: Beijing | Hong Kong | New York
Norton Rose Fulbright advises on £1.35bn financing of Battersea Power Station
Global legal practice Norton Rose Fulbright has advised on the £1.35 billion financing for Phase 2 and Phase 3 of Battersea Power Station, one of the largest UK real estate financing transactions to take place in recent years. More >>
Tags: Norton Rose Fulbright | London
Morgan Lewis Partnership Votes to Admit 227 Partners From Bingham McCutchen
Morgan Lewis today voted to admit 227 partners from Bingham McCutchen as partners in Morgan Lewis. With the addition of these partners, Morgan Lewis will be one of the largest firms in the world, and will offer clients global access to broad capabilities across a comprehensive spectrum of services and industries addressing virtually every aspect of corporate operations. More >>
Tags: Morgan, Lewis & Bockius LLP | New York
Milbank Advises JSW Steel on its US$500M Bond Offering
Milbank, Tweed, Hadley & McCloy LLP recently advised JSW Steel Limited, one of India’s leading steel producers, on its debut international bond offering of 4.75% Notes due 2019. Citigroup, Australia and New Zealand Banking Group Limited, Credit Suisse, Deutsche Bank and Standard Chartered Bank served as Joint Lead Managers and Joint Bookrunners for the issue. More >>
Tags: Milbank LLP | Hong KongFirm Advises Allergan in $66 Billion Merger with Actavis
Actavis plc and Allergan, Inc. have announced a definitive agreement under which Actavis will acquire Allergan in a cash and stock transaction valued at approximately $66 billion. The combination will create one of the top 10 global pharmaceutical companies by sales revenue, with combined annual pro forma revenues of more than $23 billion anticipated in 2015. The transaction, which has been unanimously approved by the Boards of Directors of Actavis and Allergan, is subject to the approval of the shareholders of both companies, as well as customary antitrust clearance in the US, the EU and certain other jurisdictions, and is anticipated to close in the second quarter of 2015. More >>
Tags: Orange County
King & Spalding advises on $800 Million Clean Energy Project in Ohio
King & Spalding advised Oregon Clean Energy, LLC in the development of a contract for the engineering, procurement and construction of a greenfield 860 megawatt combined-cycle natural gas-fired generation facility in the Toledo, Ohio, suburb of Oregon. The financing for the transaction and the full notice to proceed under the contract occurred on November 14. The dollar amount of the transaction was not disclosed. More >>
Tags: King & Spalding LLP | Houston
Covington Advises Indivior on Demerger from Reckitt Benckiser
Covington is advising Indivior, formerly RB Pharmaceuticals, in the demerger transaction announced today from Reckitt Benckiser, a global consumer products company. The demerger is subject to the approval of RB shareholders. More >>
Tags: Covington & Burling LLP | LondonHalliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
Baker Botts lawyers represent Halliburton in one of the largest energy deals of 2014.
Under the deal, Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36 percent of the combined company. More >>
Tags: Houston
Akin Gump Advises Cyrus Capital Partners in Virgin America IPO
Akin Gump advised Virgin America Inc. shareholder Cyrus Capital Partners in the initial public offering of the airline’s stock, which began trading today on the New York Stock Exchange. Cyrus controls VAI Partners, one of Virgin America’s biggest shareholders. At an offering price of $23 per share, the IPO raised approximately $306 million, meeting expectations. More >>
Tags: Akin Gump Strauss Hauer & Feld LLP | New York