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Mergers & Acquisitions
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April 11, 2025
Future Pak Goes Public With $255M Theratechnologies Bid
Pharmaceutical manufacturer and packager Future Pak LLC, advised by Honigman LLP, on Friday publicly unveiled its proposal to acquire pharmaceutical company Theratechnologies Inc. for up to $255 million, a move that comes after Future Pak has received "minimal engagement" from the other company.
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April 11, 2025
Nikola Corp. Gets OK For $30M Arizona Factory Sale
A Delaware bankruptcy judge Friday gave electric vehicle and hydrogen fueling technology maker Nikola Corp. the go-ahead to sell its Arizona factory and headquarters to electric carmaker Lucid Motors for $30 million.
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April 11, 2025
FTC Probing Valvoline's $625M Breeze Autocare Deal
Valvoline Inc. said Friday that the company and Greenbriar Equity Group LP have each received second requests from the Federal Trade Commission for Valvoline's proposed $625 million acquisition of Breeze Autocare from the middle market private equity firm.
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April 11, 2025
Trump Walks A Fine Line In Effort To Steer US Steel's Future
Nippon's hopes of acquiring U.S. Steel were revived when President Donald Trump ordered a fresh national security review of the deal, but he faces a delicate balancing act to strike an agreement acceptable to all parties without giving a foreign power full control of the vital American steelmaker.
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April 11, 2025
Envestnet Sued For Docs On $4.5B Bain Capital Deal In Del.
A former trust investor in wealth and data management giant Envestnet Inc. sued in Delaware's Court of Chancery on Thursday for access to books and records on the company's $4.5 billion take-private deal with Bain Capital last year, citing concerns over both price and potential conflicts.
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April 11, 2025
Fox Rothschild Hires Familiar Corporate Partner In Boston
Fox Rothschild LLP has expanded its Boston office with the addition of a Withers mergers and acquisitions attorney and corporate partner, who noted his path to the firm was shaped years ago, when he sat across the negotiation table from its lawyers on a memorable deal.
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April 11, 2025
Taxation With Representation: Norton Rose, Ropes & Gray
In this week's Taxation With Representation, Capri Holdings sells Versace to Prada, Woodside Energy sells a liquefied natural gas terminal stake to Stonepeak, crypto infrastructure firm Ripple acquires prime brokerage platform Hidden Road, and Bain Capital takes a stake in Lincoln Financial.
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April 11, 2025
Apollo Plugs $400M Into Joint Venture With Solar Company
Private equity giant Apollo, led by Orrick Herrington & Sutcliffe LLP, on Friday announced plans to commit up to $400 million to a new joint venture partnership with commercial solar company Summit Ridge Energy LLC.
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April 11, 2025
Irish Food Biz Gets More Time For £1.2B Bid For UK Rival
Bakkavor, a British ready-to-eat meals company, said Friday that the deals watchdog has extended the time given to Irish sandwich maker Greencore to make a takeover offer worth approximately £1.2 billion ($1.5 billion).
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April 11, 2025
UK Probes $3.1B SES-Intelsat Satellites Biz Merger Plan
The Competition and Markets Authority said Friday that it is investigating SES SA's proposed $3.1 billion takeover of rival satellites operator Intelsat SA, as consolidation in the aerospace sector continues to take off to compete with Elon Musk and Jeff Bezos.
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April 10, 2025
Senate Confirms Meador To Fill 3rd GOP Seat AT FTC
The U.S. Senate voted along party lines Thursday to confirm Kressin Meador Powers LLC partner Mark Meador to the Federal Trade Commission, filling the agency's third Republican seat as the spots left by the recent firing of the commission's two Democrats remain vacant.
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April 10, 2025
1st Circ. Asked To Save $34M Fee Bid In JetBlue-Spirit Case
Passengers who launched an antitrust challenge to the since-scrapped JetBlue-Spirit Airlines merger have asked the First Circuit to revive their bid to collect up to $34 million in legal fees, insisting that they paved the way for the deal to be blocked, so they should be declared the "prevailing party."
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April 10, 2025
Bakery Sellers Seek $2M Award From Buyer After Deal Sours
Three companies have hit a bakery investment firm with a lawsuit over its sale of a string of Koffee Kup bakeries in Northeastern states, saying in a Connecticut federal court brief that they are due $2 million under an arbitration award.
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April 10, 2025
Live Nation Cites Amazon's Win In Urging Nix Of Antitrust Suit
An attorney for Live Nation Entertainment and Ticketmaster urged a California federal judge Thursday to rethink his tentative opinion to keep alive an antitrust case alleging monopolization of the concert ticketing market, saying the judge did not consider a recent Ninth Circuit decision in favor of Amazon that "maps 100%" to the case.
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April 10, 2025
Amazon CEO, Bain Take Spotlight Amid Recent Rumors
Private equity firm Bain Capital agrees to purchase Sizzling Platter for $1 billion, SC Capital is eyeing British data center group Global Switch in a potential $5 billion deal, and Amazon CEO Andy Jassy addresses a rumored Amazon bid. Here, Law360 breaks down these and other rumor-related developments from the past week.
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April 10, 2025
Ex-PE Fund CEO Rejoins Legal Field As Nelson Mullins Partner
After spending over a decade serving as president and CEO of an international private equity fund, corporate partner Hendrik Jordaan has jumped back into the legal field, joining Nelson Mullins Riley & Scarborough LLP's mergers and acquisitions practice in the firm's Denver office.
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April 10, 2025
Dechert Tax Pro Jumps To Whiteford In NY
Whiteford Taylor & Preston LLC has added an experienced transactional tax attorney from Dechert LLP as a partner to its practice in New York, the firm announced.
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April 10, 2025
Cooley-Led Drone Operator Launches Plans For $75M IPO
Drone systems developer Airo Group Holdings Inc. launched plans Thursday for an estimated $75 million initial public offering amid choppy market conditions, represented by Cooley LLP and underwriters' counsel Latham & Watkins LLP.
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April 10, 2025
Cantor Fitzgerald, Lutnick Beat BGC Stockholder Suit In Del.
A claim misclassification doomed a stockholder suit accusing Cantor Fitzgerald LP and former BGC Partners CEO Howard Lutnick — now U.S. commerce secretary — of lining up unfair terms when BGC went public in 2023 in a deal that diluted its minority shareholders, a Delaware vice chancellor ruled on Thursday.
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April 10, 2025
Faegre Drinker Adds Morgan Lewis Corporate Partner In Philly
Faegre Drinker Biddle & Reath LLP has announced it hired a Morgan Lewis & Bockius LLP corporate attorney, who is joining the firm's Philadelphia office as a partner and will continue working on a variety of business law matters.
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April 10, 2025
UK Open To SLB-ChampionX Fixes For $8B Oil Services Deal
The United Kingdom's Competition and Markets Authority expressed openness Thursday to fixes offered to address antitrust concerns over energy-focused global technology company SLB's proposed $7.8 billion acquisition of chemistry solutions provider ChampionX, based in part on a divestiture already inked to address U.S. worries.
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April 10, 2025
Prada Bags Versace From Capri Holdings In $1.37B Deal
Fashion luxury group Capri Holdings on Thursday announced that it has agreed to sell iconic Italian designer brand Versace to Prada in a €1.25 billion ($1.37 billion) deal meant to allow Capri to focus more on its other two luxury brands: Michael Kors and Jimmy Choo.
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April 10, 2025
Meta Trial Rooted In Decade-Old WhatsApp, Instagram Buys
Federal Trade Commission lawyers are set for a trial Monday that will assess the exact scope of competition that Meta Platform's offerings face providing personal social media services and the reach of monopolization allegations targeting its purchases of WhatsApp and Instagram.
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April 10, 2025
Blackstone Bolsters Warehouse Portfolio In $718M Texas Buy
Blackstone on Thursday announced it has agreed to buy a 6 million-square-foot portfolio of warehouse buildings in Dallas and Houston from Crow Holdings for $718 million in a bet on logistics during a time of market upheaval.
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April 10, 2025
Emirates' Renewables Co. Completes €3.2B Buy Of Greek Biz
Emirati renewable energy company Masdar said on Thursday that it has completed the €3.2 billion ($3.5 billion) acquisition of a Greek operator, Terna Energy SA, in one of the largest deals in the sector in the European Union.
Expert Analysis
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Opinion
SEC Defense Bar Should Pursue Sanctions Flexibility Now
The U.S. Securities and Exchange Commission defense bar has an opening under the new administration to propose flexible, tailored sanctions that can substantially remediate misconduct and prevent future wrongdoing instead of onerous penalties, which could set sanctions precedent for years to come, says Josh Hess at BCLP.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.
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Series
Playing Beach Volleyball Makes Me A Better Lawyer
My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.
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How Law Firms Can Counteract The Loneliness Epidemic
The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.
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Opinion
DOJ's HPE-Juniper Challenge Is Not Rooted In Law
Legal precedents that date back as far as 1990 demonstrate that the U.S. Department of Justice's recent challenge to the proposed $14 billion merger between Hewlett Packard and Juniper is misplaced because no evidence of collusion or coordinated conduct exists, says Thomas Stratmann at George Mason University.
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5 Keys To Building Stronger Attorney-Client Relationships
Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.
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How Rising Secondary Private Markets Affect Tech Disputes
The rise of secondaries is a natural by-product of growing and evolving private markets and, as such, we can expect their growth will continue, signaling an increase in the use of secondaries in damages as well as litigation revolving around secondaries themselves, says Farooq Javed at The Brattle Group.
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How The AI Antitrust Landscape Might Evolve Under Trump
The Trump administration's early actions around artificial intelligence and antitrust policy, along with statements from competition regulators, suggest that the AI competition landscape may see reduced scrutiny around acquisitions, but not an entirely hands-off enforcement approach, say attorneys at Hogan Lovells.
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Series
Racing Corvettes Makes Me A Better Lawyer
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.
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Bill Would Bring Welcome Clarity To Del. Corporate Law
A recently proposed bill in Delaware that would provide greater predictability for areas including director independence and controlling stockholders reflects prudential adjustments consistent with the state's long history of refining and modernizing its corporate law, say attorneys at Simpson Thacher.
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Opinion
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Del. Supreme Court TripAdvisor Ruling May Limit 'MFW Creep'
The Delaware Supreme Court's recent Maffei v. Palkon ruling regarding TripAdvisor's proposed reincorporation to Nevada potentially signals a turning point in the trend of expanding the protections from Kahn v. M&F Worldwide to other types of transactions, says Andrew J. Haile at Elon University.
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Antitrust In Retail: Rude Awakening For FTC In Tempur Sealy
A Texas federal court's recent denial of a Federal Trade Commision order to stop a giant mattress merger because of lack of evidence on market segments shows that such definitions are only a viable path for regulating vertical mergers if antitrust agencies provide adequate documentation, says David Kully at Holland & Knight.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.