Willkie Represents Men’s Wearhouse in Rejection of $2.3 Billion Buyout Bid

On October 9, Willkie client Men’s Wearhouse announced that after careful evaluation its Board of Directors has determined to reject a $2.3 billion buyout bid from men’s apparel retailer Jos. A Bank Clothiers, Inc. As widely reported in the press, the Board concluded that the unsolicited, non-binding proposal of $48 per share “undervalues Men’s Wearhouse and its strong prospects for continued growth and value creation, and is not in the best interests of Men’s Wearhouse or its shareholders.” Founded in 1973, Houston-based Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,137 stores. Based in Hampstead, MD, Jos. A Bank has over 600 stores nationwide.

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Tags:  Willkie Farr & Gallagher LLP | New York

Reed Smith Expands Tax and Corporate Practices with Five Member Dentons Team

Reed Smith LLP today announced the addition of a high-level team of three partners, one counsel and one economist from Dentons with a premier reputation in international tax and transfer pricing. The group is led by partner David Hryck, formerly U.S. Head of International Tax at Dentons, and includes partners Jeffrey Korenblatt and David Mason.

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Tags:  Dentons | New York

Simpson Thacher Represents Stonepeak Infrastructure Partners in Establishing Inaugural $1.65 Billion Private Equity Fund

Simpson Thacher represented Stonepeak Infrastructure Partners in the establishment of Stonepeak Infrastructure Fund LP, a private equity fund focused on infrastructure investment opportunities in the North American middle market, targeting the water and utilities, energy and power and transportation sectors.   The Fund, which was oversubscribed, accepted capital commitments up to its cap of $1.65 billion.  Stonepeak was founded by Michael Dorrell and Trent Vichie, who were formerly members of the infrastructure investment team at Blackstone.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Shearman & Sterling Advises on Caixa Econômica Federal’s $1.25 Billion Senior Notes Issuance

Shearman & Sterling represented Caixa Econômica Federal, the largest fully government-owned bank in Latin America, in connection with the issuance of US$1,250,000,000, 4.500% senior notes due 2018 under its US$5,000,000,000 medium-term note program. The notes are listed on the Luxembourg Stock Exchange. Banco Bradesco BBI S.A., BB Securities Ltd., Banco BTG Pactual S.A. – Cayman Branch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. acted as joint lead managers.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk Advises Millicom on the $4.4 Billion Merger of Its Colombian Telecom Business with UNE

Davis Polk is advising Millicom International Cellular S.A. (Millicom) in connection with the $4.4 billion merger of its Colombian telecommunications business, conducted through Colombia Móvil S.A. (Colombia Móvil), with UNE EPM Telecomunicaciones S.A. (UNE), a subsidiary of Empresas Públicas de Medellín E.S.P. – EPM (EPM). The transaction, which is subject to regulatory approvals and other customary closing conditions, including approval by UNE’s bondholders, is expected to close during the first half of 2014.

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Tags:  Davis Polk & Wardwell LLP | New York