Shearman & Sterling recently advised on CorpBanca’s $800 million 3.125% Senior Notes and Common Share offerings.
The firm represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as underwriters in connection with CorpBanca’s registered offering of $800,000,000 3.125% Senior Notes due 2018. Proceeds from the offering will be applied towards general corporate purposes, primarily to fund CorpBanca’s lending activities.

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Paul Hastings LLP, a leading global law firm, represented Credit Suisse, Citi and Morgan Stanley as initial purchasers in connection with Grupo Sanborns’ initial public offering made internationally pursuant to Rule 144A and Regulation S and on the Mexican Stock Exchange. Grupo Sanborns is the flagship company of the Carlos Slim empire and one of the most iconic and well-known brands in Mexico.

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On February 14, H.J. Heinz Company, the iconic maker of ketchup and other food products, announced that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. Willkie represented BofA Merrill Lynch, financial advisor to Heinz, in the transaction. Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own.

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Davis Polk is advising NBCUniversal Media, LLC in connection with its acquisition from LIN TV Corp. of LIN’s entire equity interest in the joint venture between NBCUniversal and LIN.

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Davis Polk is advising H. J. Heinz Company on its $28 billion acquisition by an investment consortium comprised of Berkshire Hathaway and 3G Capital, the largest transaction ever in the food industry. The transaction, which is expected to close in the third quarter of 2013, is subject to approval by Heinz’s shareholders, receipt of regulatory approvals and other customary closing conditions.

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BakerHostetler announced today that Amy J. Traub has joined the firm’s Employment and Labor Group as a Partner in its New York office. She comes to BakerHostetler from Epstein Becker & Green, P.C.

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Weil advised General Electric (GE) in connection with the sale to Comcast of its remaining 49 percent stake in NBCUniversal, NBCUniversal’s floors in 30 Rockefeller Center, and CNBC’s headquarters for $18.1 billion. Under the terms of the transaction, GE will sell its 49 percent stake in its joint venture with Comcast, which includes NBCUniversal, for $16.7 billion. In addition, GE Capital will sell NBCUniversal’s floors in 30 Rockefeller Center as well as CNBC’s headquarters in Englewood Cliffs, New Jersey to affiliates of NBCUniversal for $1.4 billion. The transaction has been approved by the boards of directors of both GE and Comcast.

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Kirkland & Ellis represents 3G Capital, which along with Berkshire Hathaway, announced today its agreement to acquire H.J. Heinz Company in a transaction valued at approximately $28 billion, the largest ever in the food industry. The transaction is subject to approval by shareholders, receipt of regulatory approvals and other customary closing conditions, and is expected to close in the third quarter of 2013.

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Loeb & Loeb LLP represented the special committee of the board of directors of Verint Systems Inc., a provider of analytic software solutions for the security and business intelligence markets, in its acquisition of Comverse Technology Inc. The transaction, valued at approximately $960 million, was completed in February 2013. The all-stock deal eliminated Comverse’s majority ownership in and control of Verint following the spinoff by Comverse of its telecommunications business.

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The Firm is representing AXIS Capital Holdings Ltd. (“AXIS Capital”) in connection with the sale by Stone Point Capital LLC’s Trident II, L.P. and related entities (“Trident”) of its remaining stake in AXIS Capital. AXIS Capital priced its secondary share offering of nearly 2.74 million shares at $39.50 per share, a value of approximately $108 million. Upon completion of this offering, Trident will no longer own any of AXIS Capital’s common shares.

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