Global law firm White & Case LLP has advised Zimmer Holdings, Inc. (NYSE and SIX: ZMH), a world leader in musculoskeletal health solutions, in its $13.35 billion acquisition of Biomet, Inc., one of the world’s leading medical device manufacturers. The transaction is expected to close in the first quarter of 2015. More >>
Tags: White & Case LLP | New YorkLiberty Media Completes $500 Million Stock Repurchase with Sirius XM
Liberty Media Corporation (“Liberty”) (Nasdaq: LMCA, LMCB) today announced the completion of the final closing under the previously announced share repurchase agreement, dated as of October 9, 2013, between Liberty and Sirius XM Holdings Inc. (NASDAQ: SIRI) (“Sirius”). Pursuant to the agreement, Sirius had agreed to repurchase $500 million of its common stock from Liberty as part of Sirius’ share repurchase program. On April 25, 2014, Sirius purchased its final installment of shares, equal to 92,888,561 shares, at a previously established price per share of $3.66, for an aggregate purchase price of $340 million. More >>
Tags: New YorkWell-Known Real Estate Attorney Mitchel Hill Joins Fox’s New York Office
Prominent New York Appellate Lawyer Caitlin Halligan Joins Gibson Dunn
Gibson, Dunn & Crutcher LLP is pleased to announce that Caitlin Halligan is joining the firm as a partner in the New York office. Halligan, former General Counsel to the New York County District Attorney’s Office, will continue to focus on appellate law at Gibson Dunn.
Tags: Gibson, Dunn & Crutcher LLP | New YorkShearman & Sterling Advises SunGard Data Systems in Split-Off of Availability Services Business
Shearman & Sterling advised SunGard Data Systems Inc. (“SunGard”), one of the world’s leading software and technology services companies, on the tax-free split-off of its Availability Services business. As a result, Sungard Availability Services, a leading provider of information availability through managed IT, cloud and recovery services, is now a separate, independent company with approximately $1.4 billion in annual revenue and its own Board of Directors.
Tags: Shearman & Sterling LLP | New YorkArnold & Porter Represents Hungary in Its US$3 Billion Global Offering
Arnold & Porter LLP’s client Hungary recently closed a global offering of $3 billion in debt securities via BNP Paribas, Citigroup, Deutsche Bank Securities and J.P. Morgan. The $3 billion offering consisted of $1 billion Notes due 2019 and $2 billion Notes due 2024. The offering was one of the largest deals so far this year in the Central and Eastern Europe, Middle East and Africa (CEEMEA) region.
Tags: Arnold & Porter Kaye Scholer LLP | New YorkProminent Obama Administration Official Danielle Gray Returns to O’Melveny
O’Melveny & Myers LLP welcomes back Danielle Gray as a litigation partner. Gray will split her time between the Firm’s New York and Washington, DC, offices starting next month.
Tags: O'Melveny & Myers, LLP | New YorkDavis Polk Advises Credit Suisse on the Spinout of DLJ Merchant Banking
Davis Polk advised Credit Suisse Asset Management on the spinout of DLJ Merchant Banking Partners into an independent advisory firm called aPriori Capital Partners L.P. The DLJ Merchant Banking Partners III, L.P. and DLJ Merchant Banking Partners IV, L.P. private equity funds collectively represent approximately $2 billion of value across 22 portfolio companies as of December 31, 2013. Credit Suisse is one of the world’s leading financial services providers.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk Advises Marsh & McLennan Companies, Inc. on Its $1.2 Billion Revolving Credit Facility
Davis Polk advised Marsh & McLennan Companies, Inc. and certain of its domestic and foreign subsidiaries (MMC) in connection with the amendment and restatement of its existing revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, MMC increased the facility size to $1.2 billion, extended the maturity of the facility to March 27, 2019, and made certain other changes. MMC will use the proceeds of the facility for general corporate purposes.
Tags: Davis Polk & Wardwell LLP | New YorkNew York and Paris Offices Assist Thales Group in $400 Million Acquisition of LiveTV from JetBlue
On March 13, it was announced that JetBlue Airways has agreed to sell its wholly owned subsidiary LiveTV to Willkie client Thales Group for $400 million. LiveTV is the leading provider of live in-flight entertainment and connectivity systems for commercial airlines. The company revolutionized the inflight entertainment space, and with this transaction is now pursuing an aggressive growth strategy. Last year, the company and its partner ViaSat introduced Ka-band satellite-driven onboard connectivity, a game changing technological advancement.
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