The Firm is representing J.P. Morgan Securities in its role as financial advisor to CIT Group Inc. (NYSE: CIT) in connection with CIT’s announced acquisition of the parent company of OneWest Bank N.A. for approximately $3.4 billion in cash and common stock.  The transaction has been approved by the boards of directors of both companies and is subject to regulatory approvals and other customary closing conditions.
More >>

Skadden is advising OAO Severstal on its $2.3 billion sale of Severstal Columbus and Severstal Dearborn, announced July 21.
More >>

More >>

Shearman & Sterling is advising Albemarle Corporation on its acquisition of Rockwood Holdings, Inc. in a transaction valued at approximately $6.2 billion. The transaction is subject to shareholder and regulatory approvals and other customary closing conditions and is expected to close in the first quarter of 2015.

More >>

Skadden is representing AbbVie Inc., a New York Stock Exchange-listed, Illinois-based pharmaceutical company, on corporate finance, banking and tax aspects of its recommended $55 billion combination with London Stock Exchange-listed pharmaceutical group Shire plc.
More >>

The Firm is representing J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A. in connection with £13.5 billion (approximately $23 billion) of committed bridge financing to AbbVie Inc. in its announced £32 billion (approximately $54.7 billion) acquisition of Shire plc for £24.44 in cash and 0.8960 shares of a newly formed AbbVie holding company for each Shire share.  The proceeds of the bridge facility will be available to finance a portion of cash consideration for the acquisition, to pay fees and expenses related thereto and for dividends and distributions.
More >>

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, as administrative agent, and Credit Suisse Securities (USA) LLC, Barclays and Citigroup Global Markets Limited, as joint lead arrangers and joint bookrunners, in the US$5.88 billion and €3.55 billion 364 day senior bridge loan financing for the acquisition by GTECH S.p.A. of International Game Technology (IGT).

More >>

Global law firm White & Case LLP has advised on the $4.6billion sales of two Barwa Real Estate Company Q.S.C. assets which represent one of the largest ever M&A transactions in Qatar.
More >>

Global law firm K&L Gates acted for the Republic of Indonesia in the sale of its debut euro-denominated bonds. The nation sold 1 billion euros (USD1.4 billion) of 2.875% Notes due 2021, in a drawdown under its USD25 billion Global Medium Term Note Program.

More >>

Davis Polk advised Tyson Foods, Inc. on its entering into a $5.7 billion 364-day senior unsecured bridge term loan facility and a $2.5 billion senior unsecured term loan facility (the “Facilities”). Morgan Stanley Senior Funding, Inc. is acting as administrative agent for the Facilities.

More >>