Cahill represented Barclays, J.P. Morgan, BofA Merrill Lynch, Citigroup, Morgan Stanley, BMO Capital Markets and Deutsche Bank Securities as joint book-running managers in connection with the public offering of $345,000,000 aggregate principal amount of 3.75% Convertible Senior Notes Due 2017 by Alpha Natural Resources, a leading global coal company and the world’s third largest metallurgical coal supplier.

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Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, announced today that client Elan Corporation, plc, a biotechnology company headquartered in Ireland, will purchase from Theravance, Inc. a 21% participation interest in potential future royalty payments related to four respiratory programs partnered with GlaxoSmithKline plc: RELVAR™ ELLIPTA™/BREO™ ELLIPTA™, AORO™ ELLIPTA™, MABA (Bifunctional Muscarinic Antagonist-Beta2 Agonist) monotherapy (GSK961081) and vilanterol (VI) monotherapy. In exchange for the participation interest, Elan will make a one-time cash payment to Theravance of $1.0 billion.

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Akin Gump Strauss Hauer & Feld LLP advised York Capital Management in the proposed acquisition by certain of its affiliates of Primus Telecommunications Group, Incorporated’s (PTGi) North American retail telecommunications operations in the United States and Canada for approximately $129 million.

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subsidiaries in connection with Toll Brothers Finance Corp.’s public offering of $300 million aggregate principal amount of 4.375% Senior Notes due 2023. An additional $100 million was issued on May 13, 2013, increasing the total offering to $400 million. Toll Brothers Finance Corp. is a wholly owned subsidiary of Toll Brothers, Inc.

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Ship finance partner Brian P. Devine has joined the New York office of leading US law firm Fulbright & Jaworski LLP. Brian’s appointment comes ahead of Fulbright’s combination with international legal practice Norton Rose on 3 June 2013, to form Norton Rose Fulbright.

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Cravath represented the underwriters, led by J.P. Morgan Securities, Citigroup and PNC Capital Markets LLC, in connection with the US$500 million offering of depositary shares representing preferred stock of The PNC Financial Services Group, Inc., one of the largest diversified services companies in the United States. The transaction closed on May 7, 2013.

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Cravath represented the underwriters, led by Barclays, J.P. Morgan Securities, BofA Merrill Lynch, Citigroup and Wells Fargo Securities, in connection with the US$1 billion registered senior debt offering of Loews Corporation. The transaction closed on May 7, 2013.

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The Firm represents funds affiliated with The Blackstone Group in connection with an underwritten public offering of 23.4 million shares of common stock of General Growth Properties, Inc. The Blackstone affiliates received proceeds of approximately $536 million from the offering. The shares represent the remaining portion of the equity Blackstone acquired as part of the restructuring of General Growth and its emergence from bankruptcy in 2010. The Firm represented Blackstone in the restructuring.

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The Firm recently represented CHC Helicopter S.A. (“CHC Helicopter”) in an offering of $300 million aggregate principal amount of 9.375% Senior Notes due 2021 in reliance on Rule 144A and Regulation S.

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The Firm recently represented funds affiliated with First Reserve Management, L.P. (“First Reserve”), in connection with a registered public offering of common stock of Cobalt International Energy, Inc. (“Cobalt”). A total of approximately $1.3 billion in net proceeds was raised in the offering. Affiliates of First Reserve received approximately $421.5 million of the gross proceeds from the offering.

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