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Mergers & Acquisitions
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September 04, 2025
Cube Highways Trust Mulls $600M IPO, Plus More Rumors
Indian infrastructure investment trust Cube Highways Trust is considering a $600 million initial public offering, premium diaper brand Coterie is in talks to be acquired by consumer goods business Mammoth Brands, and European antitrust regulators have reportedly paused their investigation into ADNOC's $17.1 billion acquisition of German chemicals producer Covestro.
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September 04, 2025
British SPAC Ends Talks To Buy Australian Mining Co.
British blank-check company Pineapple Power said Thursday that it has called off its proposed acquisition of Australian mining company Buffalo Battery Metals, "despite significant effort by both parties" to reach a deal, with plans to resume trading after more than eight months.
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September 04, 2025
Shareholders Back Apax Partners' €916M Apax Global Deal
Investment company Apax Global Alpha Ltd. said Thursday that its shareholders have thrown their weight behind a €916.5 million ($1.1 billion) takeover deal put forward by Apax Partners LLP, a private equity firm that it works with.
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September 04, 2025
Anglo American Spins Off Remaining Valterra Stake For $2.5B
Mining giant Anglo American PLC said Thursday that it has offloaded its remaining 19.9% stake in Valterra Platinum Ltd. for $2.5 billion to South African investors, completing the sale of its platinum business.
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September 03, 2025
Derivative Claim Miss Dooms Chancery Squeeze-Out Suit
A minority stockholder suit alleging a $15 million "sham foreclosure" of storage venture Clutter Holdings Inc. — allegedly once worth $1.2 billion — was tossed Wednesday in Delaware's Court of Chancery, in a ruling that found the claims unsupportable or derivative and ineligible for direct investor recoveries.
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September 03, 2025
Ex-OCC Acting Chief Counsel Joins Perkins Coie In DC
The former acting chief counsel of the Office of the Comptroller of the Currency has joined Perkins Coie as a partner in the firm's Washington, D.C., office, where he will focus on bank mergers, regulatory matters, enforcement response and risk management, among other things.
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September 03, 2025
Weil, Cooley Lead Remedy Meds' $500M Thirty Madison Buy
Consumer virtual-care and pharmacy platform Remedy Meds LLC, advised by Weil Gotshal & Manges LLP, on Wednesday announced plans to buy virtual specialized healthcare company Thirty Madison Inc., led by Cooley LLP, in an all-stock deal valued just upwards of $500 million.
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September 03, 2025
Novartis Inks Up To $5.2B Deal With Chinese Cardio Biotech
China's Argo Biopharmaceutical Co., a biotechnology company developing RNA-based medicines, said Wednesday it has struck an up to $5.2 billion deal with Novartis to advance several treatments for heart and blood vessel conditions.Â
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September 03, 2025
Akin Opens In Chicago With 4 New Partners
Akin Gump Strauss Hauer & Feld LLP has opened the doors to its newest office, in Chicago, the firm announced Wednesday, with a quartet of partners who joined the firm this spring from Mayer Brown LLP.
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September 03, 2025
Latham Adds Former Fried Frank Atty To M&A, PE Team In NY
Latham & Watkins LLP announced another addition to its mergers and acquisitions and private equity practice Tuesday, welcoming a former Fried Frank Harris Shriver & Jacobson LLP attorney with broad expertise in asset management M&A transactions.
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September 03, 2025
4 Firms Steer $2.7B Sale Of Aon's NFP Wealth Biz
Aon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties.
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September 03, 2025
Stephenson Harwood-Led SPAC Joins AIM After Raising £12M
Vulcan Two Group PLC said Wednesday it has started to trade AIM in London after the U.K. online pharmacy acquisition company sold new shares worth £12 million ($16 million) to investors.
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September 03, 2025
KKR Secures UK Gov't Approval For £4.2B Spectris Takeover
KKR has won backing from the U.K. government for its £4.2 billion ($5.6 billion) proposed takeover of high-tech instrument-maker Spectris, the companies said Wednesday, paving the way for the deal to reach completion.
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September 02, 2025
DC Circ. Refuses To Block Fired FTC Dem's Reinstatement
A split D.C. Circuit panel Tuesday refused to stay a lower court's order reinstating a Democratic member of the Federal Trade Commission, finding that the government has "no likelihood of success" fighting her reinstatement because President Donald Trump broke the law when he fired her without cause.
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September 02, 2025
Speculation Can't Halt Medical Coatings Merger, GTCR Says
GTCR BC Holdings LLC should be allowed to merge the nation's leading medical coatings supplier with the second leading provider because federal regulators spent two weeks simply relying on speculation and theory to prove its losing antitrust case, the private equity subsidiary argued.
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September 02, 2025
Del. Court Tosses Trump Media Suit, Avoids Immunity Fight
Citing multiple reasons to dismiss former consultant claims that they were cheated during the take-public workup for President Donald Trump's "Truth Social" media site, a Delaware vice chancellor on Tuesday tossed the suit while declining to consider assertions that presidential immunity barred the court from going forward.
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September 02, 2025
Google Calls DOJ Ad Tech Expert 'Unqualified'
Google asked a Virginia federal judge to block key U.S. Department of Justice evidence from the upcoming trial in which the government will seek the breakup of the company's advertising placement technology business, arguing its internal analysis on the feasibility of a breakup is protected.
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September 02, 2025
2 Firms Guide Equity Bank's Buy Of Nebraska's Frontier Bank
Kansas-headquartered Equity Bank has announced plans to acquire Nebraska's Frontier Bank in a nearly $123 million deal guided by Norton Rose Fulbright US LLP and Fenimore Kay Harrison LLP, the banks have announced.
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September 02, 2025
FTC Defends Merger Filing Overhaul From Chamber's Attack
The Federal Trade Commission told a Texas federal court that enforcers followed the law when overhauling the premerger reporting requirements and said the U.S. Chamber of Commerce and other groups challenging the changes are just unhappy with the outcome.
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September 02, 2025
Simpson Thacher Guides Blackstone's $5.5B Fund
Blackstone announced Tuesday that it has closed on its latest infrastructure secondaries fund guided by Simpson Thacher & Bartlett LLP after raising $5.5 billion, noting that it is the largest such fund in the world raised to date.
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September 02, 2025
Plains Takes Majority Stake In EPIC Crude In $1.57B Deal
Plains All American Pipeline said Tuesday that a subsidiary has agreed to acquire a 55% non-operated stake in EPIC Crude Holdings LP, owner of the EPIC Crude Oil Pipeline, from subsidiaries of Diamondback Energy and Kinetik Holdings in a deal valued at about $1.57 billion, including roughly $600 million of debt.
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September 02, 2025
Sullivan & Cromwell Sees NY Exits As It Grows In London
Sullivan & Cromwell LLP has seen at least two of its mergers and acquisitions attorneys depart from its New York office in recent weeks, as the global firm concurrently boosts its standing in London with the announcement this week of two high-profile private capital hires.
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September 02, 2025
Dr. Phil's Media Co. Says It Has Reached Ch. 11 Funding Deal
Attorneys for Merit Street Media, the bankrupt broadcasting group co-founded by Dr. Phil, told a Texas bankruptcy judge Tuesday it reached deals to drum up additional Chapter 11 funding and create recoveries for unsecured creditors.
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September 02, 2025
Skadden, Paul Weiss Guiding Kraft Heinz On Strategic Split
The Kraft Heinz Co. announced a plan Tuesday to separate into two independent, publicly traded companies, in a strategic transaction guided by legal advisers Paul Weiss Rifkind Wharton & Garrison LLP and Skadden Arps Slate Meagher & Flom LLP.
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September 02, 2025
NJ Judge Tosses REIT Shareholders' Liquidation Suit
A New Jersey federal judge has rejected a proposed class action filed by shareholders accusing several real estate investment trusts and other parties of misleading them in order to avoid liquidating the REITs, ruling the claims must be thrown out without prejudice.
Expert Analysis
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Trump's 2nd Term Puts Merger Remedies Back On The Table
In contrast with the Biden administration, the second Trump administration has signaled a renewed willingness to resolve merger enforcement concerns through remedies from the outset, particularly when the proposed fix is structural, clearly addresses the harm and does not require burdensome oversight, say attorneys at Cooley.
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Opinion
Premerger Settlements Don't Meet Standard For Bribery
Claims that Paramount’s decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Román at the Florida International University College of Law.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Series
Law School's Missed Lessons: Learning From Failure
While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.
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Legal Ops, Compliance Increasingly Vital To Antitrust Strategy
With deal timelines tightening and disclosure requirements intensifying, legal operations and compliance teams are becoming critical drivers of premerger strategy, cross-functional alignment and regulatory credibility, says Alexander Lima at Wesco International.
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Series
Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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4th Circ. Favors Plain Meaning In Bump-Up D&O Ruling
The Fourth Circuit's latest denial of indemnity coverage in Towers Watson v. National Union Fire Insurance and its previous ruling in this case lay out a pragmatic approach to bump-up provisions that avoids hypertechnical constructions to limit the effect of a policy's plain meaning, say attorneys at Kennedys.
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Opinion
DOJ's HPE-Juniper Settlement Will Help US Compete
The U.S. Department of Justice settlement with Hewlett Packard Enterprise clears the purchase of Juniper Networks in a deal that positions the U.S. as a leader in secure, scalable networking and critical digital infrastructure by requiring the divestiture of a WiFi network business geared toward small firms, says John Shu at Taipei Medical University.
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Series
Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Building Better Earnouts In The Current M&A Climate
In the face of market uncertainty, we've seen a continued reliance on earnouts in M&A deals so far this year, but to reduce the risk of related litigation, it's important to use objective standards, apply company metrics cautiously and ensure short time periods, among other best practices, say attorneys at White & Case.
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Series
Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.
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A Look At Trump 2.0 Antitrust Enforcement So Far
The first six months of President Donald Trump's second administration were marked by aggressive antitrust enforcement tempered by traditional structural remedies for mergers, but other unprecedented actions, like the firing of Federal Trade Commission Democrats, will likely stoke heated discussion ahead, says Richard Dagen at Axinn.
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Litigation Inspiration: How To Respond After A Loss
Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.