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Mergers & Acquisitions

  • April 04, 2025

    Trevor Milton Wants Nikola Corp. Ch. 11 Subpoena Quashed

    Recently pardoned Nikola Corp. founder Trevor Milton asked a Delaware bankruptcy judge to reject a subpoena seeking documents from an arbitration between the former CEO and embattled electric-vehicle maker.

  • April 04, 2025

    Gibson Dunn Guides Hershey On $750M LesserEvil Buy

    Gibson Dunn-advised The Hershey Co. has agreed to acquire organic snack maker LesserEvil as the storied American confectioner continues to expand its portfolio into healthier snacking options, in a deal worth a reported $750 million.

  • April 04, 2025

    Off The Bench: City Sues Sportsbooks, Ex-NFLer Battles TMZ

    In this week's Off The Bench, Baltimore joins the fight against promotional tactics by DraftKings and FanDuel, Terrell Owens tries to protect a catchphrase in a trademark suit, and a trial over a child's injuries at a golf facility draws closer.

  • April 04, 2025

    Trump Extends TikTok Sale Deadline Another 75 Days

    President Donald Trump announced an executive order Friday extending TikTok's sale-or-ban deadline for an additional 75 days, saying his administration needs more time to hash out a deal to keep the social media platform operating in the United States.

  • April 04, 2025

    Kirkland-Led Blackstone Plugs CA$7B Into Rogers

    Canadian communications company Rogers Communications Inc. on Friday announced that a group of investors led by private equity giant Blackstone, guided by Kirkland & Ellis LLP, have plugged 7 billion Canadian dollars ($4.9 billion) into the business.

  • April 04, 2025

    Taxation With Representation: Ropes & Gray, Paul Hastings

    In this week's Taxation With Representation, Siemens AG acquires Dotmatics from Insight Partners, LPL Financial acquires Commonwealth Financial Network, Brookfield Asset Management takes a majority stake in Angel Oak Cos., and TowneBank acquires Old Point Financial Corp.

  • April 04, 2025

    Kirkland-Led Brookfield Buying Colonial Pipeline In $9B Deal

    Brookfield Infrastructure Partners said it will acquire the Colonial Pipeline, the nation's largest refined oil products pipeline system, in a deal valued at approximately $9 billion, under the legal counsel of Kirkland & Ellis LLP.

  • April 03, 2025

    State Enforcers Are Developing Their Local Antitrust Laws

    State antitrust enforcers have increasingly struck out on their own in recent years, filing cases targeting both national and local issues in state courts in an effort to expand the reach of their local antitrust laws, a panel of state enforcers said Thursday.

  • April 03, 2025

    Tequila Maker Sues Acquirer In Del. Alleging Earnout Dodge

    A stockholder representative of tequila company 21Seeds Inc. has filed suit against Diageo North America, accusing the global liquor giant of undercutting post-acquisition earn-out targets for 21Seeds and putting the company "in mothballs" in a scheme to develop its own competing brand to the women-founded flavored tequila.

  • April 03, 2025

    Critics Fail To Pinpoint Verizon, Frontier Deal Harm, FCC Told

    A telecommunications network industry group is telling the Federal Communications Commission that Verizon's $20 billion acquisition of Frontier Communications could present an opportunity to address broader industry issues if the commission takes certain steps to require internet protocol interconnection and end access charges for certain elements of traditional telephone infrastructure.

  • April 03, 2025

    Skadden Steers $1.5B Deal For SunnyD, Juicy Juice Maker

    Skadden-led Castillo Hermanos said Thursday it has agreed to purchase Brynwood Partners portfolio company Harvest Hill Beverage Co., whose brands include SunnyD, Juicy Juice and Little HUG, in a reported roughly $1.5 billion deal.

  • April 03, 2025

    'No Serious Question' Federal Firings Broke Law, Justices Told

    Federal employee unions and advocacy groups urged the U.S. Supreme Court on Thursday to reject the Trump administration's bid to pause a California court order reinstating tens of thousands of probationary workers fired from six agencies, arguing the government can't escape self-inflicted harms brought on by its allegedly unlawful actions.

  • April 03, 2025

    Amazon Bids For TikTok As US Ban Nears, And More Rumors

    Amazon has emerged as a last-minute bidder for TikTok, which faces a looming ban in the United States if the popular video app is not separated from its own Chinese owner, while two of China's biggest automakers are pursuing a merger and Brookfield Asset Management is finalizing a deal to acquire Colonial Pipeline Inc. for more than $9 billion.

  • April 03, 2025

    Former Jones Day Partner Joins Sidley Austin's M&A Practice

    Former Jones Day partner George Hunter has jumped ship to join Sidley Austin LLP's mergers and acquisitions practice in the global law firm's New York office.

  • April 03, 2025

    Cango Selling China Biz For $352M In Bitcoin Mining Push

    Cango Inc. said Thursday it has agreed to sell its existing business in China to Ursalpha Digital Ltd. for roughly $352 million in cash, as the company looks to transition from its Chinese automotive roots to focus on its growing international cryptocurrency operations.

  • April 03, 2025

    TowneBank Acquires Old Point In $203M Deal

    Wachtell Lipton Rosen & Katz-led TowneBank on Thursday announced plans to acquire Old Point Financial Corp., advised by Troutman Pepper Locke LLP, in a $203 million deal.

  • April 03, 2025

    CMS-Led Real Estate Biz Puts In £1.5B Rival Bid For Assura

    Primary Health Properties PLC said Thursday that it has made a rival bid of £1.5 billion ($2 billion) to acquire another U.K. real estate manager, Assura, which would create the eighth-largest real estate investment trust listed in London.

  • April 02, 2025

    QuantumScape, SPAC Brass Settle Merger Suit For $8.75M

    QuantumScape Corp., its directors and officers and the special-purpose acquisition company that took the lithium-metal battery maker public agreed to an $8.75 million settlement resolving a stockholder derivative suit that alleged the SPAC's brass breached their fiduciary duties in connection with the go-public merger, a Wednesday stipulation states.

  • April 02, 2025

    Hooters Can Tap $5M Of Its $40M In Proposed Ch. 11 Loans

    Bankrupt restaurant chain Hooters of America LLC can access $5 million in interim financing from a $40 million debtor-in-possession package from its prepetition lenders as it transitions to a franchise-only model, a Texas bankruptcy judge said Wednesday.

  • April 02, 2025

    Trump Media Refiles President's Shares For Potential Sale

    Trump Media and Technology Group Corp. on Wednesday filed papers to reregister for sale some 114 million shares held by President Donald Trump worth more than $2 billion, though the company says there are no imminent plans to sell the shares.

  • April 02, 2025

    Serial Acquisitions Are Still On The FTC's Radar

    The previous administration's focus on private equity firms making serial acquisitions in the same industry may continue under the Federal Trade Commission's new leadership, an agency official said Wednesday.

  • April 02, 2025

    Insurer Says $9M OpenText Merger Settlement Not Covered

    An insurer said it is not obligated to contribute to a $9 million settlement in a shareholder class action stemming from Covisint's 2017 merger with software company OpenText, telling a Michigan federal court that the settlement does not constitute a covered loss.

  • April 02, 2025

    Siemens Buying Scientific Software Co. Dotmatics For $5.1B

    Siemens AG said Wednesday it has agreed to acquire scientific software company Dotmatics from global software investor Insight Partners in a deal valued at $5.1 billion, with Latham & Watkins LLP advising Siemens and Willkie Farr & Gallagher LLP advising Dotmatics.

  • April 02, 2025

    NBA's Timberwolves To Be Sold, Ending Ownership Dispute

    Minnesota Timberwolves owner Glen Taylor will end his fight to retain control of the NBA franchise and complete the sale to a pair of limited partners agreed-upon in 2021, according to numerous published reports.

  • April 02, 2025

    Endeavor-Silver Lake Deal Sparks Over $1B In Appraisal Suits

    A growing number of investors in recently taken-private sports and entertainment giant Endeavor Group Holdings have sued in Delaware's Court of Chancery for a post-deal appraisal of more than $1 billion in stock based on the deal price as of Wednesday, challenging the $27.50 per share paid by private equity firm Silver Lake.

Expert Analysis

  • Series

    Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • How Judiciary Can Minimize AI Risks In Secondary Sources

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    Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.

  • How Attorneys Can Break Free From Career Enmeshment

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    Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Fostering Healthcare Industry Success With Joint Ventures

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    As the healthcare industry continues to evolve, joint ventures remain a key strategy to unite health systems, private equity firms and physician practices in leveraging their collective strengths to foster innovation and improve patient care, say Carole Becker and Travis Jackson at McDermott.

  • Opinion

    Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • Inside FTC's Decision To Exit Key Merger Review Labor Memo

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    Despite the Federal Trade Commission's recent withdrawal from a multiagency memorandum of understanding to step up enforcement of labor issues in merger investigations, the antitrust agencies aren't likely to give up their labor market focus, say attorneys at Stinson.

  • Comments Show Need For Clarity On SBA Proposed Rule

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    The recent public comments period for the Small Business Administration's proposed rule on recertification and other regulations underscores the need for more precision, particularly on agreements in principle, which the SBA should address as it moves forward with this rulemaking, say attorneys at Covington.

  • Series

    Beekeeping Makes Me A Better Lawyer

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    The practice of patent law and beekeeping are not typically associated, but taking care of honeybees has enriched my legal practice by highlighting the importance of hands-on experience, continuous learning, mentorship and more, says David Longo at Oblon McClelland.

  • Election Unlikely To Overhaul Antitrust Enforcers' Labor Focus

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    Although the outcome of the presidential election may alter the course of antitrust enforcement in certain areas of the economy, scrutiny of labor markets by the Federal Trade Commission and the U.S. Department of Justice is likely to remain largely unaffected — with one notable exception, say Jared Nagley and Joy Siu at Sheppard Mullin.

  • Opinion

    Legal Institutions Must Warn Against Phony Election Suits

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    With two weeks until the election, bar associations and courts have an urgent responsibility to warn lawyers about the consequences of filing unsubstantiated lawsuits claiming election fraud, says Elise Bean at the Carl Levin Center for Oversight and Democracy.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Bristol-Myers Win Offers Lessons For Debt Security Holders

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    A New York federal judge's recent dismissal of a $6.4 billion lawsuit against Bristol-Myers Squibb, due to plaintiff UMB Bank's lack of standing, serves as an important reminder to debt security holders to obtain depositary proxies before pursuing litigation, say attorneys at Milbank.

  • Series

    Home Canning Makes Me A Better Lawyer

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    Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.

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