Davis Polk is advising Cigna Corporation in connection with its approximately $3.8 billion acquisition of HealthSpring, Inc. The agreement has been approved by the boards of directors of both companies and is subject to required regulatory approvals and customary closing conditions. The transaction is expected to close during the first half of 2012 and is not subject to a financing condition.
Tags: Davis Polk & Wardwell LLP | New York Simpson Thacher Represents Investor Group in $1 Billion Acquisition of 25% of Santander Consumer USA Inc.
Simpson Thacher is representing Warburg Pincus, Kohlberg Kravis Roberts and Centerbridge Partners in connection with their agreement to purchase a 25% interest in Banco Santander’s US auto finance business for an aggregate purchase price of $1 billion. The transaction is subject to customary closing conditions, including obtaining the relevant regulatory approvals, and is expected to close in the fourth quarter of 2011.
Tags: Simpson Thacher & Bartlett LLP | New York Simpson Thacher Represents Colombia’s Mercantil Colpatria in Scotiabank’s Acquisition of 51% in Banco Colpatri
Simpson Thacher represented Mercantil Colpatria in connection with its sale to The Bank of Nova Scotia of 51 percent of the shares of Banco Colpatria. Mercantil will receive $500 million in cash and 10 million in common shares of Scotiabank pursuant to the transaction, which values Banco Colpatria at approximately $2 billion. The transaction is subject to regulatory approval.
Tags: Simpson Thacher & Bartlett LLP | New York Greenberg Traurig Grows Entertainment and Media Practice with Addition of Lawrence Kanusher
The international law firm Greenberg Traurig, LLP announced that Larry Kanusher has joined the firm as a shareholder in the Entertainment and Media Practice. Kanusher joins Greenberg Traurig from Sony Music Entertainment where he most recently served as Senior Vice President of Business and Legal Affairs for the company’s Global Digital Business group.
Tags: Greenberg Traurig, LLP | New York Morgan Lewis Strengthens Restructuring Team with Former SDNY Bankruptcy Judge Garrity
Morgan Lewis today announced that Jim Garrity—a restructuring practitioner who previously served for nine years as a Bankruptcy Judge in the Southern District of New York—has joined the firm as a partner in its Business and Finance practice, resident in New York. Mr. Garrity, who was most recently an equity partner at an international firm for 10 years, will lead the firm’s restructuring practice.
Tags: Morgan, Lewis & Bockius LLP | New York Davis Polk – Smucker’s $750 Million Debut Registered Notes Offering
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 the SEC-registered registered offering by The J. M. Smucker Company of $750 million of its 3.500% notes due 2021, its first public debt offering. The notes were guaranteed on a senior unsecured basis by two of Smucker’s wholly owned domestic subsidiaries, J.M. Smucker LLC and The Folgers Coffee Company. In connection with the offering, the trustee, on behalf of the noteholders, entered into a joinder agreement to Smucker’s existing intercreditor agreement among the lenders and noteholders of Smucker’s other guaranteed debt.
Tags: Davis Polk & Wardwell LLP | New York Former DOJ Deputy Assistant AG Molly Boast Joins WilmerHale
WilmerHale is pleased to announce that former Department of Justice Deputy Assistant Attorney General Molly Boast has joined the firm’s New York office as a partner in the Antitrust and Competition Practice. Boast joins the firm with more than 30 years of litigation experience in the public and private sector, including leadership positions at the Department of Justice (DOJ) and the Federal Trade Commission (FTC) and in private practice. Boast will be an integral member of the firm’s New York office and its global Antitrust and Competition Practice, and will lead high-profile antitrust regulatory and litigation matters for the firm’s clients.
Tags: Wilmer Cutler Pickering Hale and Dorr LLP | New YorkDavis Polk – GE Capital $3 Billion Medium-Term Notes Offering
Davis Polk advised Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead managers for General Electric Capital Corporation (GE Capital) in connection with an SEC-registered debt shelf takedown offering by GE Capital of $1.25 billion of its 3.35% senior unsecured global medium-term notes, series A due 2016 and of $1.75 billion of its 4.65% senior unsecured global medium-term notes, series A due 2021, under its U.S. Medium-Term Notes Program.
Tags: Davis Polk & Wardwell LLP | New York Davis Polk Advises Roche on Its Acquisition of Anadys Pharmaceuticals
Davis Polk is advising Roche in connection with its $230 million acquisition of Anadys Pharmaceuticals, Inc. In accordance with the terms of the merger agreement entered into by the parties, Roche will commence a tender offer for all of the outstanding shares of Anadys at $3.70 per share in cash. The closing of the transaction is expected to take place in 2011.
Tags: Davis Polk & Wardwell LLP | New York Goulston & Storrs Continues Its Strategic New York Expansion: Aaron Abraham Joins as Director – Brings Two Associates
Goulston & Storrs is pleased to announce Aaron Abraham has joined the firm’s New York office as a Director. Aaron was most recently co-chair of the Construction Practice Group at Tarter Krinsky & Drogin LLP. In addition, Jonathan Grippo and Michael R. Wood will join the firm as Associates. The addition of Aaron, Jonathan and Michael is another pivotal step in the continuing expansion of the firm’s New York office.
Tags: Goulston & Storrs PC | New York