The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and the selling stockholders, consisting primarily of certain funds affiliated with The Blackstone Group, L.P., in connection with a secondary offering of 15,000,000 shares of common stock of Pinnacle Foods by the selling stockholders for aggregate gross proceeds of approximately $478.5 million. More >>
Tags: Simpson Thacher & Bartlett LLP | New YorkProvidence Service Corporation Acquires Matrix Medical Network for $400 Million
Ropes & Gray advised Welsh, Carson, Anderson & Stowe and CCHN Group Holdings (Matrix Medical Network) in the sale of Matrix to Providence Service Corporation in a deal announced Sept. 18. Providence will acquire Matrix, a leading provider of in-home health assessments and care management services, for an aggregate purchase price of $400 million. More >>
Tags: New YorkSimpson Thacher Represents Managers in $4.5 Billion Senior Bond Offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd.
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 YorkFirm 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 YorkPiedmont 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 | WashingtonPaul Hastings Represents Banks in Axtel, S.A.B. de C.V. Bond Offering
Paul Hastings LLP, a leading global law firm, announced today that it represented Citigroup and Credit Suisse as initial purchasers in a new $150 million issuance of senior secured bonds in connection with a financing for Mexican telecommunications company Axtel, S.A.B. de C.V. The new financing of senior secured bonds was issued as a reopening of Axtel’s Senior Secured Notes due 2020, which are step-up notes that currently have a coupon of 8% that will rise to 9% on January 31, 2015. In June 2014, the company conducted a consent solicitation of the existing holders of Senior Secured Notes due 2020 to allow this new issuance and additional secured debt to be secured by the same collateral securing the existing Senior Secured Notes due 2020, and Paul Hastings represented Citigroup and Credit Suisse as solicitation agents in that successful consent solicitation. More >>
Tags: Paul Hastings, LLP | New YorkGoodwin Advises Boston Properties on $1.5 Billion Sale of Interests in Boston and New York Properties
Goodwin Procter attorneys advised Boston Properties on its announced agreement to sell a 45% interest in each of three properties – 601 Lexington Avenue (New York City), Atlantic Wharf Office Building (Boston), and 100 Federal Street (Boston) – to affiliates of Norges Bank Investment Management for an aggregate, gross purchase price of approximately $1.5 billion. Boston Properties and an affiliate of Norges Bank Investment Management will form a joint venture for each property upon closing, and Boston Properties will retain property and leasing management for the ventures. The transaction is subject to customary closing conditions and is expected to close on or about October 31, 2014. More >>
Tags: Goodwin Procter LLP | Boston | New York




