Mergers & Acquisitions

  • February 18, 2025

    Jones Day Leads Sherwin-Williams On $1.15B Brazil Paint Buy

    Jones Day is guiding Cleveland-based Sherwin-Williams Co. on a new deal to buy the Brazilian architectural paints business of BASF Group, advised by Linklaters and Machado Meyer, for $1.15 billion in cash.

  • February 18, 2025

    Cravath, Morgan Lewis Steer $1B Charitable Gaming Biz Deal

    Las Vegas-based Light & Wonder Inc. said Tuesday it has agreed to buy the charitable gaming assets of Grover Gaming for $850 million in cash, plus a four-year, revenue-based earn-out of up to $200 million cash.

  • February 18, 2025

    Proposed Tweaks To Del. Chancery Law Ignite DExit Firestorm

    Stockholder attorneys in Delaware pushed back immediately against two state Senate measures that would amend corporation law provisions at the center of recent debate over shareholder class lawsuits, big court awards and recent corporate moves to purportedly more business-friendly states such as Texas and Nevada.

  • February 18, 2025

    RBI Takes Control Of Burger King China, Seeks Local Partner

    Restaurant Brands International Inc. said Tuesday it has bought out two equity shareholders in Burger King China to amass nearly 100% of the business but will now search for a local partner to become Burger King China's controlling shareholder. 

  • February 18, 2025

    3 Firms Build $1.34B New England Car Dealership Sale

    Asbury Automotive Group Inc. on Tuesday unveiled plans to acquire various automotive dealerships from The Herb Chambers Cos. in a $1.34 billion deal built by three law firms.

  • February 18, 2025

    Diamondback Buys Midland Assets For $3B Cash Plus Stock

    Kirkland & Ellis LLP-advised oil and natural gas company Diamondback Energy Inc. on Tuesday announced plans to buy Midland Basin assets from Vinson & Elkins LLP-led Double Eagle IV Midco LLC. in a cash-and-stock deal that includes a $3 billion cash payment.

  • February 18, 2025

    Dechert, Paul Hastings Guide Barings' Takeover Of Artemis

    Barings, advised by Dechert LLP, inked an agreement to snap up Paul Hastings LLP-led Artemis Real Estate Partners, an investment firm managing over $11 billion of assets, according to a Tuesday announcement.

  • February 18, 2025

    Miner MMG To Buy Anglo American Unit For Up To $500M

    China-backed miner MMG Ltd. said Tuesday it has agreed to buy Anglo American PLC's nickel business for up to $500 million, as the British multinational mining giant eyes a more streamlined business.

  • February 18, 2025

    UK Probes French Aerospace Group's Planned $1.8B Takeover

    The Competition and Markets Authority said Tuesday that it has launched an investigation into the proposed acquisition by French aerospace group Safran SA of Collins Aerospace's flight-control business for $1.8 billion.

  • February 18, 2025

    Property Co. Assura Says £1.6B KKR Bid Undervalues Biz

    The board of property manager Assura PLC said Tuesday that a £1.6 billion ($2 billion) possible offer tabled by U.S. private equity firm KKR "materially undervalued the company and its prospects."

  • February 17, 2025

    Anglo American Eyes June Spin-Off For Platinum Mining Unit

    Anglo American PLC said Monday that it has made "significant progress" with plans to spin off its platinum subsidiary in South Africa and that it is targeting June for this to happen.

  • February 17, 2025

    UK Healthcare Property Biz Assura Rejects £1.6B KKR Bid

    Primary care property developer Assura PLC has snubbed a £1.6 billion ($2 billion) proposed takeover approach from KKR and a U.K. pensions provider, the U.S. private equity firm said on Monday.

  • February 14, 2025

    FTC Political Appointees Told To Break Up With 'Leftist' ABA

    Federal Trade Commission Chair Andrew N. Ferguson told agency staff in a letter that political appointees cannot hold leadership positions in the American Bar Association, attend its events or renew their memberships, citing the ABA's "leftist advocacy and its recent attacks" on the Trump administration's agenda.

  • February 14, 2025

    Joy Dish Soap Deal Caused $12M Loss, Manufacturer Claims

    Alleging $12 million in losses, Michigan-based manufacturer N.V. Labs Inc., which does business as the Reforma Group, has sued Connecticut private equity firm Piney Lake Capital Management LP on allegations it dirtied a deal to produce Joy dish soap through a subsidiary after buying the brand from Procter & Gamble.

  • February 14, 2025

    'Not For Sale': OpenAI Rebuffs Musk's $97.4B Takeover Bid

    The board of directors for OpenAI voted unanimously on Friday to reject a $97.4 billion offer from Elon Musk and a consortium of investors to buy the artificial intelligence platform, with the board chair saying in a statement, "OpenAI is not for sale."

  • February 14, 2025

    Trump Aims To End Limits On President's Power To Fire

    President Donald Trump has his sights set on taking down a 90-year-old U.S. Supreme Court ruling that protects certain government officials from being fired, a U.S. Department of Justice letter confirms, and he plans to leverage his prior legal victories to deliver the precedent's death knell and expand presidential power.

  • February 14, 2025

    New Delisting Rules Shorten Leash For Distressed Companies

    Distressed companies should take heed of new stock exchange rules that are likely to accelerate delistings for stocks that trade below minimum requirements, particularly targeting businesses that rely on reverse stock splits to inflate their share prices, attorneys say.

  • February 14, 2025

    Wachtell Reps Seagate On $119M Deal For Intevac

    Mass-capacity data storage innovator Seagate Technology Holdings PLC, advised by Wachtell Lipton Rosen & Katz, has agreed to buy thin-film processing systems supplier Intevac Inc., led by Wilson Sonsini Goodrich & Rosati PC, in an all-cash deal valued at $119 million.

  • February 14, 2025

    Owens Corning Sells Glass Reinforcements Biz For $755M

    Residential and commercial building products business Owens Corning, advised by Baker McKenzie, on Friday announced that it has agreed to sell its glass reinforcements business to India-based Praana Group, advised by Greenberg Traurig LLP, at an enterprise value of $755 million.

  • February 14, 2025

    Simpson Guides KKR On $850M-Plus Real Estate Credit Fund

    Global investment giant KKR, advised by Simpson Thacher & Bartlett LLP, announced on Friday it had clinched its second opportunistic real estate credit fund, raising over $850 million for a dedicated strategy of investments in senior loans and real estate securities in the U.S. and Western Europe.

  • February 14, 2025

    Kirkland-Led Bain Buys Facilities Manager From PAI Partners

    Private equity firm Bain Capital, which is being advised by Kirkland & Ellis LLP, will buy Apleona, a German facilities manager, from France's PAI Partners, the two companies said Friday.

  • February 13, 2025

    Del. Lawmakers Told Admin Response To Biz Unrest Looms

    Delaware's new secretary of state told lawmakers Thursday that news is imminent regarding the state's responses to reports that companies are considering moving their charters following purportedly negative rulings in high-profile corporate lawsuits.

  • February 13, 2025

    Chancery OKs Appraisal Suit Fix For Sears Damage Ruling

    A Sears Hometown Stores investor that saw its Delaware Court of Chancery share appraisal suit tanked by the company's bankruptcy in 2019 won a $4.06 per share payout ruling Thursday in a Court of Chancery decision focused on fair price and full and incremental damage claims.

  • February 13, 2025

    Clark Hill Adds Ex-Gordon Rees Corporate Atty In Pittsburgh

    A corporate attorney looking to expand resources for his private investment clients has moved his practice to Clark Hill PLC's Pittsburgh office after nearly three years with Gordon Rees Scully Mansukhani LLP.

  • February 13, 2025

    Musk's $97B OpenAI Bid Dubbed A 'Stunt' Amid Other Rumors

    After a Wall Street Journal report on Monday revealed that a consortium of investors led by Elon Musk was offering $97.4 billion to buy the nonprofit that controls OpenAI, rumors began to swirl regarding the true intentions behind the billionaire's bid.

Expert Analysis

  • Series

    Documentary Filmmaking Makes Me A Better Lawyer

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    Becoming a documentary filmmaker has allowed me to merge my legal expertise with my passion for storytelling, and has helped me to hone negotiation, critical thinking and problem-solving skills that are important to both endeavors, says Robert Darwell at Sheppard Mullin.

  • Litigation Funding Disclosure Debate: Strategy Considerations

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    In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.

  • Top Considerations For Insurance Companies In 2025

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    As insurance industry participants look to plan for the year, regulatory changes, climate-related challenges, the ongoing effects of social inflation and the potential for significant mergers and acquisitions will be among the key items for insurer boards and management to have on their radar, say attorneys at Debevoise.

  • Del. Dispatch: Lessons From Failed Albertsons-Kroger Merger

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    The allegations in Albertsons' lawsuit against Kroger following the grocery stores' blocked merger demonstrate how a target company can best ensure that a buyer timely and effectively complies with its obligations to pursue the necessary regulatory approvals for a deal, say attorneys at Fried Frank.

  • Series

    Adventure Photography Makes Me A Better Lawyer

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    Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.

  • How Views On Healthcare Price Transparency Are Changing

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    Regulators' attitudes toward price transparency regulation have shifted over the past several years in ways that may seem contradictory, and research into detailed rate information published by hospitals and health plans has yielded mixed results, says Matthew List at Charles River Associates.

  • The 5 Most Important Bid Protest Decisions Of 2024

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    The U.S. Court of Appeals for the Federal Circuit, the Court of Federal Claims and the Government Accountability Office issued five noteworthy bid protest decisions in 2024 that will likely have a continuing impact on questions concerning standing, timeliness, corporate transactions and more, say attorneys at Bradley Arant.

  • 5 Ways To Create Effective Mock Assignments For Associates

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    In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.

  • Overseas Investment Rule Calls For Compliance Caution

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    Investors should be leery of who and what they are investing in now that the federal outbound investment regime, effective Jan. 2, has extended the governement's regulatory reach to businesses and parties not previously subject to trade restrictions, says Thaddeus McBride at Bass Berry.

  • Recent Suits Show Antitrust Agencies' Focus On HSR Review

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    The U.S. Department of Justice's suit this month against KKR for inaccurate and incomplete premerger filings, along with other recent cases, highlights the agency's increasing scrutiny of Hart-Scott-Rodino Act compliance for private equity firms, say attorneys at Willkie.

  • The 7th Circ.'s Top 10 Civil Opinions Of 2024

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    Attorneys at Jenner & Block examine the most significant decisions issued by the Seventh Circuit in 2024, and explain how they may affect issues related to mass arbitration, consumer fraud, class certification and more.

  • Mentorship Resolutions For The New Year

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    Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.

  • PE Strategies To Manage Adjacent Portfolio Firm Conflicts

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    A variety of tools can mitigate potential risk for a private equity director sitting on the board of directors of multiple companies, including the disclosure of potential conflicts in fundraising documents to help mitigate risk under the securities laws, says Michael Kendall at Goodwin.

  • Series

    Coaching Little League Makes Me A Better Lawyer

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    While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.

  • 5 Litigation Funding Trends To Note In 2025

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    Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

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