A federal jury in the Southern District of New York found that global distribution system Sabre violated the Sherman Antitrust Act in a 2011 contract with O’Melveny client US Airways, which merged with American Airlines in 2013. The jury awarded US$5.1 million in damages, which by law will be trebled. US Airways Group, Inc., through […]
Simpson Thacher is representing The Toronto-Dominion Bank (TSX and NYSE: TD) in connection with its acquisition of Scottrade Bank for $1.3 billion, and in the related acquisition by TD Bank’s 42% owned affiliate, TD Ameritrade, of Scottrade’s brokerage business for a net additional $2.7 billion in cash and stock. TD Bank will also purchase $400 […]
Davis Polk advised the agent for the term lenders under a pre-petition secured term loan in the chapter 11 restructuring of Key Energy Services, Inc. and certain of its subsidiaries. Key Energy Services Inc. entered into a Term Loan and Security Agreement, among the Company, as borrower, certain subsidiaries of the Company named as guarantors […]
O’Melveny represented Kabam, a leader in multiplayer free-to-play games for mobile devices, in the sale of the bulk of its assets to South Korea’s Netmarble. Kabam, Inc., an entertainment company, develops free-to-play games for mobile devices and Web platforms. The company, led by Kevin Chou, Michael Li, Holly Liu, Shel Perham and Kent Wakeford, is […]
Simpson Thacher has advised The Mosaic Company (NYSE: MOS) in connection with its agreement to acquire the Vale Fertilizantes business from Vale S.A. for an aggregate purchase price of $2.5 billion to be paid in cash and stock. The transaction is expected to close in late 2017, subject to receipt of regulatory approvals and satisfaction […]
Goodwin has advised Epic Health Services (Epic) and Webster Capital in the signing of a definitive agreement for Epic to be acquired by Bain Capital Private Equity. Financial terms of the private purchase from Webster Capital were not disclosed. he transaction is expected to close during the first quarter of 2017. Goodwin Private Equity also […]
Paul, Weiss is representing Mitel Networks Corporation in its agreement to sell its mobile division to the parent company of Xura, Inc. for $350 million in cash, a $35 million promissory note and an equity interest in Sierra Private Investments, which on closing will become the parent company of the mobile division and Xura. Mitel […]
Vinson & Elkins advised WildHorse Resource Development Corporation with its initial public offering of 27,500,000 shares of its common stock at $15.00 per share. Barclays, BofA Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities are acting as book-running managers for the offering. WildHorse Resource Development Corporation is an independent oil and natural gas […]
Akin Gump has advised Halyard Capital on the deal Halyard Capital today announced the acquisition of an ownership interest in Strategy Execution Partners, LLC and OAE Software, LLC (d/b/a StratEx) from its founders, who will retain significant equity ownership in the business and continue in their senior leadership roles. Akin Gump advised Halyard in the […]
Simpson Thacher represented UBS Securities LLC as the sole underwriter in connection with a secondary offering by Sageview Partners L.P., the selling stockholder, of 7,012,230 shares of common stock, par value $0.01 per share, of EverBank Financial Corp. The offering closed on December 2, 2016 and resulted in net proceeds to the selling stockholder of […]
Simpson Thacher represented the underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC in connection with a registered offering by Avnet, Inc. of an aggregate principal amount of $300 million of 3.75% Notes due 2021. Avnet, Inc. is a global value-added distributor of electronic components, enterprise computer, networking and […]
Simpson Thacher represented certain entities affiliated with The Blackstone Group L.P. and Centerbridge Partners, L.P. in connection with a $205.1 million offering, consisting of 12,500,000 shares of paired common stock, each comprises one share of common stock of Extended Stay America, Inc. and one share of Class B common stock of ESH Hospitality, Inc., which […]
