Willkie Advises on $2.2 Billion Acquisition of AboveNet by Zayo Group

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.

More >>

Tags:  Willkie Farr & Gallagher 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.

More >>

Tags:  Davis Polk & Wardwell LLP | 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.”

More >>

Tags:  Davis Polk & Wardwell LLP | New York