On March 19, Zayo Group, LLC and AboveNet, Inc. announced that their boards of directors have approved a definitive agreement under which Zayo will acquire AboveNet for approximately $2.2 billion. Willkie advised AboveNet’s Board of Directors in the transaction, as widely reported in the press. Under the terms of the agreement, each share of AboveNet common stock issued and outstanding immediately prior to the transaction will be entitled to receive $84.00 per share in cash. The combination is expected to create a leading pure-play bandwidth infrastructure provider.
Tags: Willkie Farr & Gallagher LLP | New York Leonard Gordon, Northeast Regional Director for the Federal Trade Commission, Joins Venable’s New York Office
In a noteworthy addition to its competition and consumer protection practices, Venable LLP announced that Leonard L. Gordon, the Federal Trade Commission’s Northeast Regional Director, has joined the firm as a partner in both in its advertising and marketing and antitrust practices.
Tags: Venable LLP | New York Simpson Thacher Represents the Underwriters in $900 Million Common Stock Offering by Regions Financial Corporation
Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Deutsche Bank Securities Inc. in connection with the registered public offering by Regions Financial Corporation of approximately $900 million of common stock.
Tags: Simpson Thacher & Bartlett LLP | New York Davis Polk – Wyndham Worldwide Corporation $150 Million Notes Reopening
Davis Polk advised J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers and representatives of the underwriters on an SEC-registered add-on offering by Wyndham Worldwide Corporation of $150 million aggregate principal amount of its 4.25% senior unsecured notes due 2022. This was a reopening of an offering of $500 million of such notes issued on March 7, 2012. Davis Polk also advised the joint book-running managers and representatives of the underwriters on the initial offering of such notes.
Tags: Davis Polk & Wardwell LLP | New York Preeminent Insurance Transactions Team Joins Willkie
Willkie Farr & Gallagher announced that a team of 12 insurance transactional and regulatory lawyers has joined the firm from Dewey & LeBoeuf.
Tags: Willkie Farr & Gallagher LLP | New York Jones Day Welcomes Banking & Finance Partner Ilene Froom in New York
Brookfield Asset Management Forms Joint Venture to Deploy $1 Billion to Buy and Develop Industrial Properties
Brookfield Asset Management Inc. announced today that it has formed a joint venture with Hillwood Development Corp. to acquire, develop and manage large warehouses and other industrial properties in the US. Weil, Gotshal & Manges LLP was counsel to Brookfield Asset Management on the deal.
Tags: New York Davis Polk – Alkermes plc $398.5 Million Secondary Offering
Davis Polk advised Citigroup Global Markets Inc., Jefferies & Company, Inc. and Morgan Stanley & Co. LLC as joint book-running managers in connection with a secondary offering of 24,150,000 ordinary shares of Alkermes plc, a public limited company incorporated under the laws of Ireland, held by a subsidiary of Elan Corporation plc for approximately $398.5 million. The ordinary shares are listed on the Nasdaq Global Market under the symbol “ALKS.”
Tags: Davis Polk & Wardwell LLP | New York John Cobb Joins Weil’s Finance Practice
International law firm Weil, Gotshal & Manges LLP today announced that John H. Cobb has joined the firm as a partner in its Capital Markets group in its New York office.
Tags: Weil, Gotshal & Manges, LLP | New York