Bristol-Myers Squibb Company and Inhibitex, Inc. announced today that the companies have signed a definitive agreement under which Bristol-Myers Squibb will acquire Inhibitex for $26.00 per share in cash pursuant to a cash tender offer and second step merger. The transaction, with an aggregate purchase price of approximately $2.5 billion, has been approved by the boards of directors of both companies. The board of directors of Inhibitex has agreed to recommend that Inhibitex’s shareholders tender their shares in the tender offer. In addition, shareholders with beneficial ownership of approximately 17% of Inhibitex’s common stock have entered into agreements with Bristol-Myers Squibb to support the transaction and to tender their shares in the tender offer.
Tags: Dechert LLP | New York WilmerHale Continues Growth in New York with Addition of Richard Andersen and Lisa Firenze
WilmerHale is pleased to announce that Richard Andersen and Lisa Firenze have joined the firm’s New York office as partners in the Transactional Department and members of the Tax Group and Corporate Group, respectively. With a combined 50 years of experience handling transactional matters for a variety of clients, their arrival denotes the firm’s commitment to the strategic expansion of its New York office.
Tags: Wilmer Cutler Pickering Hale and Dorr LLP | New York Crowell & Moring Boosts New York Office With Addition of Two Broker-Dealer Partners
Crowell & Moring LLP is pleased to announce that experienced broker-dealer attorneys Linda Lerner and Eden L. Rohrer have joined the firm’s New York office as members of the Corporate Group. Lerner and Rohrer bring more than 50 years of combined experience advising domestic and international broker-dealers, banks, asset management firms, and a variety of other alternative investment clients on a broad range of regulatory, compliance, and dispute issues. Lerner joins from Debevoise & Plimpton LLP and Rohrer joins from Haynes and Boone, LLP.
Tags: Crowell & Moring LLP | New York McGuireWoods – Jeffrey Chapman is Third Partner Hire in Three Months in New York
McGuireWoods LLP announced today it has continued to expand its financial services litigation practice in New York with the arrival of Jeffrey J. Chapman, a veteran litigator joining the firm as a partner.
Tags: McGuireWoods LLP | New York Judith Joan Sullivan Joins Anderson Kill & Olick’s Corporate & Securities Group; Will Chair Firm’s International Business Department
Anderson Kill & Olick, P.C. announced today Judith Joan Sullivan has joined the firm as a shareholder in its Corporate & Securities Group. Ms. Sullivan will also serve as Chair of the International Business Department. She will divide her time between the firm’s New York and Newark, NJ offices.
Tags: Anderson Kill P.C. | New York Weil – Presidio Expands Advanced IT Offerings with INX Acquisition
International law firm Weil, Gotshal & Manges represented Presidio, Inc., a leading provider of IT services, in the closing of its acquisition of INX Inc., a Houston-based IT services company, in an all-cash transaction. INX stockholders will receive $8.75 per share under terms of an agreement approved by INX stockholders on December 29, 2011. The deal was originally announced in early November. Presidio, Inc. is owned by American Securities LLC and the company’s management.
Tags: Weil, Gotshal & Manges, LLP | New York Willkie Advises Ventas in $770 Million Acquisition of Cogdell Spencer
On December 27, it was announced that Willkie client Ventas, Inc., the leading healthcare real estate investment trust (REIT) in the United States, has signed a definitive agreement to acquire Cogdell Spencer Inc. and its 72 high quality medical office buildings for approximately $770 million in cash, including debt.
Tags: Willkie Farr & Gallagher LLP | New York Davis Polk – WCA Waste Corporation $325 Million Acquisition Financing
Davis Polk is advising Credit Suisse AG as administrative agent and Credit Suisse Securities (USA) LLC and Macquarie Capital (USA) Inc. as arrangers in connection with a commitment to provide up to $275 million in term loans and an additional $50 million in revolving loans (which may be increased by $20 million in the event of a successful syndication) for Cod Intermediate, LLC, a subsidiary of Macquarie Infrastructure Partners II (MIP II). The commitment is being made in connection with MIP II’s acquisition of all of the common stock of WCA Waste Corporation. Up to $265 million of the term loan facility will be available to pay the purchase price in connection with the acquisition, repurchase WCA’s outstanding notes pursuant to the exercise of put rights following a change of control offer and/or any debt tender offer and to refinance WCA’s existing revolving credit facility. The amount of term loans will be reduced by the amount of notes that are not repurchased pursuant to the exercise of put rights or any debt tender offer. The amount of term loans in excess of $265 million and the proceeds of the revolving facility will be used for working capital and general corporate purposes.
Tags: Davis Polk & Wardwell LLP | New York Bracewell & Giuliani Leads International Team in Groundbreaking Restructuring of Australia-based Centro Properties
Bracewell & Giuliani LLP announced today it lead an international legal and financial advisory team representing the Senior Lenders ofAustralia-based Centro Properties Group’s (CNP) in finalizing CNP’s global restructuring efforts, widely recognized as one of the most complex and innovative restructurings in Australian history. The restructuring, finalized after four years of discussions and interim arrangements, combines a novel debt-for-equity swap with an aggregation of assets into a new real estate investment trust called Centro Retail Australia (CRF), integrating U.S.-style pre-packaged plan concepts into the existing Australian restructuring regime.
Tags: Bracewell LLP | New York Kelley Drye Adds Two New Partners to Its Top-Tier Intellectual Property Practice
Kelley Drye & Warren LLP is pleased to announce that Douglass C. Hochstetler and Beth D. Jacob have joined the firm as partners in the Intellectual Property and Technology Litigation group working from the firm’s Chicago and New York offices. They each focus on patent infringement litigation representing pharmaceutical companies in Hatch-Waxman litigation. They come from the law firm of Schiff Hardin, where both were partners.
Tags: Kelley Drye & Warren LLP | New York