Morgan Lewis represented Susquehanna Bancshares, Inc. in specialized matters related to its acquisition by BB&T Corporation for a cash and stock transaction valued at approximately $2.5 billion.
The firm handled matters related to employee benefits, intellectual property and trademark matters. The deal was announced on November 12, 2014. More >>
Tags: Morgan, Lewis & Bockius LLP | New York
Mayer Brown represented The Dow Chemical Company in its sale of ANGUS Chemical Company to Golden Gate Capital for $1.215 billion. More >>
Tags: Mayer Brown LLP | New York
Davis Polk advised Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as representatives of the initial purchasers in connection with a Rule 144A offering by LinkedIn Corporation of $1.3 billion aggregate principal amount of its 0.50% convertible senior notes due 2019 (including the full exercise of the initial purchasers’ option to purchase additional notes). In addition, Davis Polk advised Citibank, N.A., Bank of America, N.A. and JPMorgan Chase Bank, National Association, London Branch, as counterparties to convertible note hedge and warrant transactions in connection with the offering. More >>
Tags: Linklaters LLPDavis Polk advised J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as representatives of the several underwriters, on an SEC-registered offering by General Motors Company of $2.5 billion in aggregate principal amount of senior notes, consisting of $500 million in aggregate principal amount of 4% senior notes due 2025, $750 million in aggregate principal amount of 5% senior notes due 2035 and $1.25 billion in aggregate principal amount of 5.2% senior notes due 2045. General Motors intends to use the net proceeds from this offering to pay a portion of the redemption price to redeem outstanding shares of its Series A fixed-rate cumulative perpetual preferred stock. Any remaining proceeds will be used for general corporate purposes. More >>
Tags: New York
Fasken Martineau, a leading international business law and litigation firm, announced today that it advised TVA Group, a subsidiary of Quebecor Media, on its acquisition of all the assets of Vision Globale for a total of approximately $118 million.
The transaction is subject to Competition Bureau approval. The acquired operations will become part of TVA Group in the media group segment of Quebecor Media. More >>
Tags: Fasken Martineau DuMoulin LLP | Montreal
Shearman & Sterling advised Bank of America, N.A. and other lead arrangers in connection with a $19.8 billion dollar financing for Medtronic. The financing was comprised of a $11.3 billion senior unsecured bridge facility and a $5 billion senior unsecured term loan facility for Medtronic Inc.’s acquisition of Covidien plc and an amended and restated revolving credit facility for Medtronic, Inc. and Medtronic Global Holdings SCA. More >>
Tags: Shearman & Sterling LLP | New YorkLinklaters LLP advised the joint bookrunners in connection with the issue by Arkema of its €700 million undated deeply subordinated notes bearing interest at a fixed rate of 4.75% per annum until 2020, then at a fixed rate calculated every five years on the basis of the 5-year swap rate. More >>
Tags: Linklaters LLP
The Law Office of Salman M. Al-Sudairi in association with Latham & Watkins LLP advised The National Commercial Bank (NCB) on the US$6 billion (SAR22.5 billion) initial public offering (IPO) of 25 percent of its shares at an offer price of SAR45 per NCB share. The 500 million shares sold in the IPO were held by the Saudi Public Investment Fund (PIF), and were divided into 300 million shares allocated for subscription by Saudi individuals and 200 million shares allocated for subscription by the Public Pension Agency (PPA). The individual allocation portion of this successful IPO was 23 times oversubscribed as of the close of the subscription period on 2 November 2014, and the PPA fully subscribed to the shares allocated to it. The IPO is the largest equity offering ever in Saudi Arabia and in the Arab world, and is also the second largest IPO globally so far this year. PIF retained a 44.9 percent stake in NCB after listing on the Tadawul, which took place on 12 November 2014. More >>
Tags: Latham & Watkins LLP | Dubai
Leading international law firm Freshfields Bruckhaus Deringer has advised on Yașar’s $250m bond issue. The Yașar group is one of Turkey’s leading producers of food and beverage products and coatings products.
The bond is a senior, unsecured, Rule 144A / Reg S issue, guaranteed by certain group operating companies, with an annual coupon of 8.875% and maturing in 2020. The bond has been rated B2 by Moody’s and B by Fitch and is listed on the Luxembourg Euro MTF Market. More >>
Tags: Freshfields LLP | Ankara
Continuing its strategic growth in Texas, the international law firm Greenberg Traurig LLP has added a top-tier team of five attorneys and one director across various practice areas including real estate, energy regulatory, corporate & securities and government law & policy to its Austin office. The team, whose experience further enhances the firm’s highly regarded multi-practice capabilities, includes shareholders Joshua Bernstein, Todd Kimbrough and Elizabeth Rogers along with associates William Teten, Jr. and Katie Van Dyk. Rounding out the group is Government Law & Policy senior director, Dr. Jennifer McEwan. More >>
Tags: Greenberg Traurig, LLP | Austin