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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Paul Hastings, a leading global law firm, announced today that the firm represented Lexington Realty Trust (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, in the refinancing of its secured credit facility.

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Today Labaton Sucharow LLP, along with its co-counsel, announced that it reached a $473 million settlement in In re Schering-Plough Corporation / ENHANCE Securities Litigation. The recovery is the largest securities class action settlement ever against a pharmaceutical company, among the top 25 securities class action settlements of all time, and among the ten largest recoveries ever in a securities class action that did not involve a defendant company restating its earnings. The case was set to start trial on March 4, 2013 in federal court in New Jersey.

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On February 13, the United States District Court for the Southern District of New York handed down a decision (In re Facebook, Inc. IPO Sec. & Derivative Litig., No. 12-md-2389 (S.D.N.Y. Feb. 13, 2013)), dismissing the shareholder derivative actions that have been brought against Facebook and its Board of Directors in the aftermath of the Company’s May 18 initial public offering. Willkie is serving as co-counsel with Kirkland & Ellis LLP for the Facebook defendants in the Facebook IPO-related litigation.

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