Davis Polk – General Dynamics Corporation $2.4 Billion Notes Offering

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering by General Dynamics Corporation of $900 million aggregate principal amount of 1.00% notes due 2017, $1 billion aggregate principal amount of 2.25% notes due 2022 and $500 million aggregate principal amount of 3.60% notes due 2042. The notes are fully and unconditionally guaranteed by certain subsidiaries of General Dynamics.

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Davis Polk Advises ARM on Its Leading Participation in a Consortium of Major Technology Companies Acquiring Rights to MIPS’s Patent Portfolio

Davis Polk is advising ARM Holdings plc in connection with its leading participation in a consortium of major technology companies affiliated with Allied Security Trust, which has entered into an agreement with MIPS Technologies, Inc. to obtain rights to its patent portfolio. The MIPS patent portfolio includes 580 patents and patent applications covering microprocessor design, system-on-chip design and other related technology fields. The consortium will pay $350 million in cash to acquire rights to the portfolio, of which ARM will contribute $167.5 million. The transaction, which is subject to MIPS shareholder approval, is expected to close in the first quarter of 2013.

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Prominent Partner Joins Latham & Watkins’ Environment, Land & Resources Department in New York

Latham & Watkins LLP is pleased to announce Jean-Philippe “JP” Brisson has joined the firm’s New York office as partner in the Environment, Land & Resources Department and Vice Chair of the firm’s Air Quality & Climate Change Practice Group. Brisson has broad expertise advising both oil and gas companies and financial services firms on a wide range of environmental matters including carbon finance, renewable energy and commodities.

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Shearman & Sterling Advises on $1.25 Billion Financing for PEMEX

Shearman & Sterling advised Citigroup Global Markets Inc., Crédit Agricole Corporate & Investment Bank, HSBC Securities (USA), Inc., J.P. Morgan Securities LLC, Mizuho Corporate Bank, Ltd. and Sumitomo Mitsui Banking Corporation as joint bookrunners and joint lead arrangers in connection with a $1.25 billion revolving credit facility for Petróleos Mexicanos (PEMEX).

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Simpson Thacher Represents the Underwriters in an Offering of $500 Million of Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.375% Non-Cumulative Perpetual Preferred Stock, by Regions Financial Corporation

The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC as joint book-running managers, in connection with a public offering of 20,000,000 Depositary Shares, each representing a 1/40th interest in a share of 6.375% Non-Cumulative Perpetual Preferred Stock, Series A, par value $1 per share, with a liquidation preference of $1,000 per share, of Regions Financial Corporation. The Underwriters have the right to purchase up to an additional 2,000,000 depositary shares at the public offering price to cover over-allotments. The offering closed on November 1, 2012.

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Simpson Thacher Represents SunGard Data Systems Inc. in $1.0 Billion Senior Notes Offering and Related Tender Offer

The Firm represented SunGard Data Systems Inc. (“SunGard”) in connection with its Rule 144A and Regulation S offering of $1.0 billion aggregate principal amount of 6.625% Senior Subordinated Notes due 2019. SunGard used a portion of the proceeds from the offering to fund its cash tender offer (the “Tender Offer”) for any and all of its outstanding 10¼% Senior Subordinated Notes Due 2015 (the “2015 Notes”). SunGard will use the remaining proceeds for the repurchase or redemption of any 2015 Notes not purchased in the Tender Offer.

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Cooley Builds on IP Momentum in New York

Building on the momentum created by several recent lateral hires, Cooley LLP announced today that leading Intellectual Property lawyers Walter Hanchuk and John Kheit have joined the firm as partners in its New York office. Walter and John were partners at Chadbourne & Parke LLP in New York, where Hanchuk was chair of Chadbourne’s IP practice and Kheit led the firm’s Mobile Technology practice. Hanchuk joins Cooley’s national IP group as chair of the firm’s New York IP practice and will be driving the strategic growth of the firm’s IP practice in New York.

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