Davis Polk Wins Significant Victory for CVS Caremark Corporation in Major Federal Securities Suit

Davis Polk won a significant victory on behalf of CVS Caremark Corporation (CVS) on Monday, June 18, 2012, when Judge Laplante in the District Court of New Hampshire granted CVS and three of its former senior executives’ motion to dismiss a class-action securities fraud suit brought on behalf of shareholders that held CVS stock between October 30, 2008, and November 5, 2009.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Tyson Foods, Inc. $1 Billion Senior Notes Offering and Concurrent Tender Offer

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of $1 billion aggregate principal amount of 4.5% senior notes due 2022 by Tyson Foods, Inc.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents KKR and Alliance Boots in a Strategic Transaction with Walgreens

The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (KKR) and Alliance Boots GmbH (Alliance Boots) in connection with the acquisition of a 45% equity stake in Alliance Boots by Walgreen Co. (Walgreens), in a cash-and-stock deal valued at approximately $6.7 billion. Walgreens will have the option to proceed to a full combination by acquiring the remaining 55% of Alliance Boots at a later date for approximately $9.5 billion in cash and stock. Closing of the first step of the transaction is subject to satisfaction of regulatory and other customary conditions.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents KKR in Acquisition of Prisma Capital Partners

The Firm is representing KKR & Co. L.P. in its acquisition of Prisma Capital Partners LP, a leading provider of customized hedge fund solutions. Prisma is known for identifying specialist hedge fund managers with exceptional track records and creating custom portfolios for clients. As of April 1, 2012, Prisma had $7.8 billion in assets under management, with more than 90% belonging to institutional investors. The transaction is expected to close in the fourth quarter 2012.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Kramer Levin Represents Joint Venture of Toll Brothers and Starwood Capital Group in Connection with Winning Bid to Develop Pier 1 in Brooklyn Bridge Park

Kramer Levin represented a joint venture of Toll Brothers and Starwood Capital Group in connection with its winning bid for and negotiation of a 97-year ground lease to develop a new $300 million hotel and residential complex that will be built next to Pier 1, just south of the Brooklyn Bridge in Brooklyn Bridge Park, a 1.3-mile-long park which stretches along the East River on the Brooklyn waterfront. The development will include approximately 200 hotel rooms, 160 condominium apartments, 32,000 square feet of restaurant and banquet space, a 6,000-square-foot spa and a 300 space parking facility. The deal was approved by the Brooklyn Bridge Park Corporation’s Board on Tuesday, June 19.

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Tags:  Kramer Levin Naftalis & Frankel LLP | New York