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Mergers & Acquisitions

  • August 05, 2025

    Lottery.com SPAC Exec Wants Info From California Fraud Case

    A Manhattan federal judge said Tuesday that he will weigh a request by a special purpose acquisition company CEO accused of fraud in a merger involving Lottery.com Inc. to have New York prosecutors provide discovery from a California criminal case.

  • August 05, 2025

    Gibson Dunn, Wachtell Advise On $1.5B Vision Implant Deal

    Global eye care company Alcon announced Tuesday that it has agreed to acquire STAAR Surgical Co. for approximately $1.5 billion in cash, aiming to broaden its portfolio in the growing surgical vision correction market.

  • August 05, 2025

    Brookfield Nabs $6B Minority Stake In Duke Energy Florida

    Skadden Arps Slate Meagher & Flom LLP-advised Duke Energy on Tuesday unveiled plans for infrastructure investor Brookfield, advised by Kirkland & Ellis LLP, to take an indirect minority equity stake in its electric company Duke Energy Florida in a $6 billion all-cash deal.

  • August 05, 2025

    CMA Launches In-Depth Probe Of Catering Services Merger

    United Kingdom antitrust enforcers are officially launching an in-depth review of Aramark Group's acquisition of Scottish catering company Entier Ltd., saying Tuesday that Aramark declined to volunteer any remedies that would assuage competition concerns during the government's initial review phase.

  • August 05, 2025

    Housing Builder Boxabl Goes Public Via $3.5B SPAC Deal

    Housing solutions company Boxabl Inc., advised by Winston & Strawn LLP, announced plans on Tuesday to go public via a merger with Loeb & Loeb LLP-led special purpose acquisition company FG Merger II Corp. in a deal that values the business at $3.5 billion.

  • August 05, 2025

    Kirkland, Gibson Dunn Assist On $1.3B Zebra-Elo Merger

    Workflow technology company Zebra Technologies Corp. said Tuesday it will acquire Crestview Partners-backed Elo Touch Solutions Inc. for $1.3 billion in cash, in a deal guided by Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP.

  • August 05, 2025

    KKR Takes Lead Again In £4.2B Bidding War For Spectris

    Spectris backed an improved £4.2 billion ($5.6 billion) offer on Tuesday from KKR, a change of heart only days after the high-tech instruments maker chose a rival bid of the same value from private equity firm Advent.

  • August 04, 2025

    Trump's Sons Back 'New America' SPAC's $300M IPO Filing

    Donald Trump Jr. and Eric Trump are backing a new special-purpose acquisition company that, with guidance from Paul Hastings LLP and Holland & Knight LLP, plans to raise $300 million and will target the technology, healthcare and logistics sectors, according to a Securities and Exchange Commission filing on Monday.

  • August 04, 2025

    Chancery Bars 'D-Day' Data Block By Nielsen Holdings Spinoff

    A Delaware vice chancellor on Monday permanently barred Nielsen Holdings Ltd. spinoff NIQ from carrying out a "fairly blatant" plan to cut off its parent and a competitor from accessing its data, a move the spinoff purportedly described as "D-Day."

  • August 04, 2025

    Chamber Wants FTC's Merger Notice Overhaul Nixed

    The U.S. Chamber of Commerce has urged a Texas federal judge to upend a dramatic overhaul of merger filing requirements that it argued exceeded Federal Trade Commission authority, was made without a proper cost-benefit analysis and amounts to a solution in search of a problem.

  • August 04, 2025

    Chancery Spreading Workload, Automating Case Assignments

    Citing in part efforts to balance jurist workloads, Delaware's ever-slammed Court of Chancery reported plans on Monday to field a new, automated case assignment regime in September that will pull more factors into the mix when distributing new cases.

  • August 04, 2025

    GTCR Says Buyer In Place For Potential FTC Divestiture Deal

    Private equity firm GTCR BC Holdings told an Illinois federal court it has a signed agreement with a buyer for a deal that should fix the concerns raised by the Federal Trade Commission over its planned $627 million purchase of a medical device coatings company.

  • August 04, 2025

    Crypto Exchange Bullish Launches Plans For $599M IPO

    Venture-backed crypto exchange Bullish plans to raise roughly $599 million in an upcoming initial public offering, according to a Monday statement indicating that it intends to offer 20.3 million shares priced between $28 and $31 per share.

  • August 04, 2025

    Davis Polk, Skadden Steer HNI's $2.2B Steelcase Acquisition

    Workplace furnishing and residential building product manufacturer HNI Corp., advised by Davis Polk & Wardwell LLP, on Monday announced plans to acquire office, home and learning environment solutions maker Steelcase, led by Skadden Arps Slate Meagher & Flom LLP, in a $2.2 billion cash-and-stock deal.

  • August 04, 2025

    Catching Up With Delaware's Chancery Court

    Last week at the Delaware Court of Chancery, insurance brokerage and risk management giant Marsh & McLennan Cos. sought injunctive relief in a new suit accusing U.S. affiliates of London-based Howden Holdings Ltd. of a poaching scheme that involved over 100 M&M employees resigning on July 21. 

  • August 04, 2025

    2 Firms Guide Elme Communities' $1.6B Portfolio Sale

    Elme Communities announced Monday that it plans to sell 19 multifamily assets to Cortland Partners LLC in a $1.6 billion deal, after which the multifamily real estate investment trust will liquidate remaining assets, in a deal guided by King & Spalding and Hogan Lovells.

  • August 04, 2025

    Amphenol Buys CommScope's Cable Biz In $10.5B Deal

    Fiber optic connector systems maker Amphenol Corp., advised by Latham & Watkins LLP, unveiled plans on Monday to buy Alston & Bird LLP-led and private equity backed-CommScope's connectivity and cable solutions business in a $10.5 billion cash deal.

  • August 01, 2025

    Dems Want Probe Of DOJ's HPE-Juniper Settlement

    A quartet of Senate Democrats called Friday for the U.S. Department of Justice's internal watchdog to look for "improper business and political considerations" in the settlement permitting Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks.

  • August 01, 2025

    2 SPAC Deals Will Take Uranium Miner, Italian E-Grocer Public

    Two newly unveiled mergers involving special purpose acquisition companies will aim to take a nuclear energy company and an Italian e-grocery operation public on U.S. exchanges at a combined value of nearly $500 million.

  • August 01, 2025

    Monthly Merger Review Snapshot

    The U.S. Department of Justice abandoned its challenge of a corporate travel management deal, while lawmakers are calling for scrutiny of the agency's recent decision to settle a different case, and the Federal Trade Commission agreed to nix the requirements placed on a pair of oil and gas deals.

  • August 01, 2025

    Chancery Rules Gallagher Owes $50M In 'Earnout' Suit

    An Arthur J. Gallagher & Co. subsidiary breached a contract by withholding $50 million owed to a patent insurance and underwriting venture under first-year terms of a three-year merger and earnout deal, a Delaware vice chancellor has found.

  • August 01, 2025

    'Reverse Acquihires' Multiply Inside Regulatory Gray Zone

    Big Tech firms are increasingly turning to so-called reverse acquihires to quickly secure talent and technology, but as these deals grow in size and frequency, they may invite the very regulatory scrutiny the strategy is designed to avoid.

  • August 01, 2025

    Fiber Internet Co. Everstream Cleared For $385M Ch. 11 Sale

    A Texas bankruptcy judge signed off Friday on the going-concern sale of fiber network provider Everstream, which plans to use proceeds from the $384.6 million sale of its business to exit Chapter 11.

  • August 01, 2025

    Taxation With Representation: Skadden, Wachtell, Latham

    In this week's Taxation With Representation, Union Pacific Corp. and Norfolk Southern Corp. announce megamerger plans, Palo Alto Networks acquires identity security company CyberArk, Brookfield buys British life insurer Just Group, and Duke Energy sells its Piedmont Natural Gas Tennessee local distribution business to Spire Inc.

  • August 01, 2025

    Clifford Chance Advises PE Firm Cinven On Tech Biz Buy

    Private equity firm Cinven said on Friday it has agreed to acquire software supplier Smart Communications, with counsel from Clifford Chance.

Expert Analysis

  • Exploring China's 1st Administrative Merger Control Ruling

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    As the first judicial ruling in China's merger control regime, the Beijing ÃÛÌÒÊÓÆµ Court's recent upholding of Simcere's acquisition of Tobishi helps to clarify how the Chinese antitrust authority and court assess remedies, say attorneys at Tian Yuan Law Firm.

  • Series

    Competitive Weightlifting Makes Me A Better Lawyer

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    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Opinion

    DOJ's Visa Suit Shows Pitfalls Of Regulating Innovative Tech

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    A policy of allowing free-market mechanisms to operate without undue interference remains the most effective way to foster innovation, and the U.S. Department of Justice's 2024 case against Visa illustrates the drawbacks of regulating innovative technology, says attorney Thomas Willcox.

  • How New SBA Rule May Affect Small Government Contractors

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    By limiting competition from larger entities, the Small Business Administration's recently published final rule may help some small government contractors, but these restrictions on set-aside work following a merger, acquisition or sale may also deter small businesses' long-term growth, say attorneys at Akerman.

  • Nippon Order Tests Gov't Control Over Foreign Investments

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    The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.

  • Opinion

    Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Series

    Collecting Rare Books Makes Me A Better Lawyer

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    My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.

  • Rethinking How To Engage Shareholders, Activists Via Proxies

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    ​​​​​​​This proxy season, companies should consider visually driven proxy statements that highlight the board's strengths, the alignment between executive compensation and performance, and a commitment to sustainability and risk management to earn the support of investors and fend off hostile acquirers, say Craig Clay and Ron Schneider at DFIN.

  • Tips For Pharma-Biotech Overlap Reporting In New HSR Form

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    While there’s no secret recipe for reporting overlaps to the Federal Trade Commission in the new Hart-Scott-Rodino Act form, there are several layers of considerations for all pharma-biotech companies and counsel to reflect on internally before reporting on any deal, say attorneys at A&O Shearman.

  • Opinion

    Judge Should Not Have Been Reprimanded For Alito Essay

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    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Steel Cases Test Executive Authority, Judicial Scope

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    Lawsuits challenging former President Joe Biden’s order blocking the merger of Japan's Nippon Steel and U.S. Steel may shape how future administrations wield presidential authority over foreign investment in the name of national security, says Hdeel Abdelhady at MassPoint Legal.

  • Del. Ruling Further Narrows Scope Of 'Bump-Up' Exclusion

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    The recent Delaware Superior Court ruling in Harman International v. Illinois National Insurance offers a critical framework for interpreting bump-up exclusions in management liability insurance policies, and follows the case law trend of narrow interpretation of such exclusions, says Simone Haugen at Tressler.

  • Will 4th Time Be A Charm For NY's 21st Century Antitrust Act?

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    New York's recently introduced 21st Century Antitrust Act would change the landscape of antitrust enforcement in the state and probably result in a sharp increase in claims — but first, the bill needs to gain traction after three aborted attempts, says Tyler Ross at Shinder Cantor.

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