Davis Polk advised Morgan Stanley & Co. International plc, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as underwriters in connection with the SEC-registered secondary offering of 26,679,386 Class A shares of Yandex N.V., including 2,425,399 additional Class A shares sold pursuant to an option granted to the underwriters. The public offering price was $22.75 per share, and the total gross proceeds to the selling shareholders amounted to $600 million. The Class A shares are listed on the Nasdaq Global Select Market under the symbol “YNDX.”
Tags: Davis Polk & Wardwell | New YorkCravath – AmerisourceBergen’s Strategic Relationship with Walgreens and Alliance Boots
On March 19, 2013, AmerisourceBergen Corporation announced that it is entering into a strategic, long‑term relationship with Walgreen Co. and Alliance Boots GmbH, which will streamline the distribution of pharmaceuticals to Walgreens stores and leverage global supply chain efficiencies while improving patient access to affordable pharmaceuticals to increase the efficiency of the healthcare system. Cravath represented AmerisourceBergen in this transaction.
Tags: Cravath, Swaine & Moore LLP | New YorkLoeb & Loeb Adds Prominent Trusts and Estates Team in New York
Loeb & Loeb LLP announced today that Jonathan J. Rikoon and Cristine M. Sapers will join the firm’s nationally-recognized Trusts and Estates Department as partners in the New York office next month. Rikoon and Sapers are joining the firm from Debevoise & Plimpton LLP in New York, where Rikoon served as Trusts and Estates Group Chair, and will be bringing their entire team including one senior counsel and four associates with them to Loeb & Loeb.
Tags: Loeb & Loeb LLP | New YorkSimpson Thacher Represents Underwriters in Offering of Convertible Preferred Stock by iStar Financial Inc.
Simpson Thacher represented the underwriters Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC in the recent public offering of 4,000,000 shares of 4.50% Series J Cumulative Convertible Perpetual Preferred Stock issued by iStar Financial Inc. The offering included 500,000 shares issued following the exercise by the underwriters of their over-allotment option.
Tags: Simpson Thacher & Bartlett LLP | New YorkDilworth Paxson Opens New York City Office and Welcomes Litigator Greg Blue
Dilworth Paxson LLP announced the opening of its New York City office, adding a seventh location to its regional presence. The firm also welcomes Gregory Blue who will serve as resident partner in charge of the office. Blue’s practice is primarily devoted to business litigation and representation of creditors, shareholders, and official committees in complex bankruptcy cases.
Tags: Dilworth Paxson LLP | New YorkPaul Hastings Represents BofA Merrill Lynch, Citigroup and BMO Capital Markets as Joint Book Runners in Sun Communities, Inc. Follow-on Public Offering of Common Stock
Paul Hastings LLP, a leading global law firm, announced today that the firm represented BofA Merrill Lynch, Citigroup and BMO Capital Markets as joint book-running managers for Sun Communities, Inc.’s (NYSE: SUI) follow-on public offering of common stock.
Tags: Paul Hastings LLP | New YorkSimpson Thacher Represents Blackstone and Invitation Homes in $2.075 Billion Revolving Credit Facility in Connection with the Largest National Single-Family Rental Home Platform
The Firm represents affiliates of Blackstone Real Estate Partners and Invitation Homes, L.P. in connection with a $2.075 billion revolving credit facility to capitalize the purchase of distressed single-family rental homes. Invitation Homes is a national platform to purchase distressed single family homes and then refurbish, lease and maintain them in neighborhoods across the country and is the largest owner of single-family homes in the United States.
Tags: Simpson Thacher & Bartlett LLP | New YorkMilbank Adds Leading Financial Regulatory Lawyer Douglas Landy
Milbank, Tweed, Hadley & McCloy announced that Douglas Landy, one of the country’s leading banking and financial services regulatory lawyers, has joined the firm as a partner in the Leveraged Finance and Financial Regulations Group in Milbank’s New York office.
Tags: Milbank LLP | New YorkDavis Polk Advises Rabobank on Its Sale of Robeco to Orix
Davis Polk is advising Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) on its €1.935 billion sale of approximately 90.01% of the equity in Robeco Groep N.V. to ORIX Corporation. The closing of the transaction, which is subject to legal and regulatory approvals, is expected within six months.
Tags: Davis Polk & Wardwell | New YorkShearman & Sterling Advises on $1 Billion Financing for Avon
Shearman & Sterling advised Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas, BBVA Compass, Goldman Sachs Bank USA, HSBC Bank USA, National Association, and Sovereign Bank, N.A. as joint lead arrangers and joint bookrunners in connection with a $1 billion four-year revolving credit facility for Avon Products, Inc. and Avon Capital Corporation.
Tags: Shearman & Sterling LLP | New York