Davis Polk is advising Citigroup in connection with the acquisition of a 14% stake in Morgan Stanley Smith Barney Holdings LLC (MSSB) by Morgan Stanley at an implied 100% valuation of $13.5 billion. Morgan Stanley and Citi have also reached agreement with respect to the purchase of Citi’s remaining 35% stake in MSSB no later than June 1, 2015, subject to obtaining the required regulatory approval.

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Cahill represented J.P. Morgan, BMO Capital Markets, Deutsche Bank Securities, Citigroup and Wells Fargo Securities as joint book-running managers and the other co-managers in connection with the public offering of $650,000,000 5.25% Senior Notes due 2023 by QEP Resources, Inc.

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The firm is representing Apax Partners in the announced acquisition of Garda World Security Corporation (TSX:GW) by a consortium formed by Garda founder and Chief Executive Officer Stéphan Crétier and a subsidiary of funds advised by Apax Partners for C$1.1 billion in cash, including assumed debt. The transaction, which is subject to customary closing conditions, including Canadian court approval, shareholder approval and receipt of all regulatory approvals, is expected to close later this calendar year.

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The international law firm Bryan Cave LLP announced today that Mal Serure has joined the firm’s New York office as a partner. He will practice within the Real Estate Group.

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Kirkland & Ellis LLP is pleased to announce that Michael C. Keats has joined the Firm as a litigation partner in the New York office. Mr. Keats joins the Firm from Goldman Sachs, where he was a managing director and associate general counsel in the litigation and regulatory proceedings group.

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The Firm recently represented Toll Brothers, Inc. and its subsidiaries in connection with a Rule 144A offering by Toll Brothers Finance Corp. of $250 million aggregate principal amount of 0.50% Exchangeable Senior Notes due 2032 (the “Notes”). The Notes are guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is a wholly owned subsidiary of Toll Brothers, Inc.

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Pryor Cashman LLP is pleased to announce the addition of M. Ali Panjwani to its Corporate and China Practice Groups as a partner. Panjwani comes to Pryor Cashman from Pillsbury Winthrop Shaw Pittman LLP where he was a key member of that firm’s Corporate & Securities practice.

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Global law firm Proskauer advised American Realty Capital Trust, Inc., on its agreement to be acquired by Realty Income Corporation in a transaction valued at $2.95 billion. The deal, which is expected to close in late 2012 or early 2013, is the largest merger of U.S. real estate investment trusts this year.

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The Firm recently represented the underwriters in connection with a registered public offering of $500 million of 3.625% Senior Notes due 2022 and $300 million of 5.125% Senior Notes due 2042, in each case, issued by WPP Finance 2010, a finance subsidiary of WPP plc. The notes are guaranteed by WPP plc and certain of its subsidiaries.

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The Firm is representing Rockwood Holdings, Inc. in its acquisition of Talison Lithium Limited in an all-cash transaction valued at approximately C$724 million (US$732 million). The transaction is subject to the approval of Talison shareholders and other customary closing conditions.

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