Mergers & Acquisitions

  • February 01, 2024

    Remine Shareholder Sues In Del. Over $53.5M MLS Merger

    A shareholder of a real estate services platform acquired by five multiple listing services in 2021 sued the company's founders and directors in Delaware's Court of Chancery, alleging that they structured the $53.5 million sale for their own benefit at the expense of common stockholders.

  • January 31, 2024

    Crypto Faded As A Shareholder Suit Target In '23, Study Finds

    The number of securities class actions filed last year ticked up slightly from the year before, even with a drop in new suits against the cryptocurrency sector and blank-check companies, according to a report released Wednesday by Cornerstone Research.

  • January 31, 2024

    Cardinal Health Buys Specialty Networks In $1.2B Deal

    Healthcare services company Cardinal Health announced Wednesday that it has entered into a deal to buy health platform Specialty Networks for $1.2 billion in cash.

  • January 31, 2024

    Insomnia Cookies Founders Settle For $3.5M With Jury Out

    Amid jury deliberations Wednesday, the CEO of Insomnia Cookies agreed to pay $3.5 million to his former business partner to resolve their yearslong dispute over the share of profits from Krispy Kreme's acquisition of the late-night cookie delivery business.

  • January 31, 2024

    Carlyle Co-Founder, Ripken Jr. Among Orioles $1.73B Buyers

    The Angelos family has agreed to sell a controlling stake in the Baltimore Orioles to a group of investors led by lifelong fan David Rubenstein, a native of the city and co-founder of The Carlyle Group, in a $1.725 billion deal led by three law firms, according to a Wednesday announcement.

  • January 31, 2024

    Media Mogul Byron Allen Bids $30B On Paramount Global

    Media entrepreneur Byron Allen has placed a $30 billion bid to buy Paramount Global, his company confirmed in an email Wednesday, calling it the "best solution" for shareholders as a bidding war for the debt-laden entertainment conglomerate continues to unfold.

  • January 31, 2024

    Monthly Merger Review Snapshot

    Amazon abandoned its $1.7 billion iRobot deal under pressure from Europe, as federal agencies in the U.S. blocked JetBlue's planned $3.8 billion merger with Spirit and saw a healthcare advertising deal collapse. Enforcers in Washington state, meanwhile, sued to block Kroger's $24.6 billion bid for supermarket rival Albertsons.

  • January 31, 2024

    Nidec's EU OK For Merger Deal Repurchase Upended In Court

    A European General Court faulted European Union antitrust enforcers Wednesday for shoddy analysis granting Nidec a partial waiver on commitments made to win approval for its $1.08 billion purchase of Whirlpool's Embraco refrigeration compressor business, throwing out clearance to repurchase a production line Nidec had once divested.

  • January 31, 2024

    American, UPenn Snag $10K In ABA's Inaugural M&A Tourney

    Students from American University's law school took first place at the finals of the American Bar Association's first-ever mergers and acquisitions invitational over the weekend, edging out a team of runners-up from the University of Pennsylvania, with the two schools earning a combined $10,000 in prize money.

  • January 31, 2024

    Haynes Boone Adds Reed Smith's Real Estate Chair In NY

    Haynes and Boone LLP has hired the former chair of Reed Smith LLP's real estate practice group, the firm announced on Wednesday, touting the more than $200 billion in transactions for banking and private equity clients the New York attorney has under his belt.

  • January 31, 2024

    Gunderson Practice Head Boosts Orrick's Life Sciences Team

    Orrick Herrington & Sutcliffe LLP said Wednesday that it had hired its 34th life sciences partner in three years, welcoming the former head of Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP's licensing, strategic partnering and commercial transactions group.

  • January 31, 2024

    8 Firms Lead $3.7B Sale Of Cigna Medicare Businesses

    The Cigna Group will sell multiple health benefits and Medicare units to Health Care Service Corp., the companies said Wednesday in an announcement detailing a deal valued at around $3.7 billion and steered by Wachtell Lipton Rosen & Katz, Rule Garza Howley LLP, Mintz Levin Cohn Ferris Glovsky and Popeo PC and Sidley Austin LLP.

  • January 31, 2024

    Don't Miss It: Wachtell, Akin Lead Month's Hot Deals

    A lot can happen in the world of mergers and acquisitions over the course of a month, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Wachtell Lipton Rosen & Katz and Akin Gump Strauss Hauer & Feld LLP.

  • January 31, 2024

    PGA Tour Gains US Partners As Saudi Talks Drag On

    The PGA Tour has partnered with a group of investors that includes several owners of U.S. pro sports franchises in a deal worth up to $3 billion, an agreement reached while negotiations continue to complete its proposed merger with the Saudi-based investment fund that owns rival LIV Golf.

  • January 31, 2024

    Vodafone Rejects Iliad's €10.45B Bid To Merge Italian Ops

    French telecommunications company Iliad SA said Wednesday that Vodafone has rejected a sweetened offer to merge their Italian businesses, which would have valued Vodafone Italia SpA at €10.45 billion ($11.31 billion).

  • January 30, 2024

    2 Firms Advise Calif. Banks' Planned $234M Merger

    The holding companies for Bank of Southern California NA and California Bank of Commerce announced Tuesday that they have agreed to a $233.6 million all-stock merger guided by Stuart Moore Staub and Sheppard Mullin Richter & Hampton LLP.

  • January 30, 2024

    Chancery Denies Dismissal Of $1.3B Paysafe De-SPAC Suit

    A stockholder challenge to the blank-check company deal that took payment platform Paysafe Group public in 2021 survived dismissal arguments Tuesday, in a from-the-bench Delaware's Court of Chancery finding that the case raised reasonably conceivable disclosure claims about the $1.3 billion deal.

  • January 30, 2024

    Duane Morris Names Bankruptcy Pro As New Dallas Partner

    Duane Morris LLP has bolstered its business reorganization and financial restructuring practice group in Dallas with a former Polsinelli PC senior partner who has worked on everything from complex business and bankruptcy matters to commercial disputes, asset acquisitions and financial services matters.

  • January 30, 2024

    VW Says Supplier Ignoring 8 Years Of Litigation In Germany

    Volkswagen is urging a Texas federal court to toss a case accusing it of keeping a stranglehold on its suppliers, saying it has already been embroiled in litigation in Germany for eight years with the company bringing the claims.

  • January 30, 2024

    NC Federal Judge OKs Temporary Halt In Novant Hospital Deal

    Novant Health's push to buy two North Carolina hospitals is on hold after a federal judge granted a temporary restraining order Monday pausing the $320 million transaction, a step each party agreed to amid the antitrust challenge.

  • January 30, 2024

    JetBlue, Spirit Seek Speedy 1st Circ. Appeal Of Merger Block

    JetBlue and Spirit Airlines are asking the First Circuit to expedite their appeal after a Massachusetts federal judge blocked the two low-cost airlines' plans for a merger valued at $3.8 billion, saying a decision should be made before the deal's closing date this summer.

  • January 30, 2024

    Saudi Arabia's Lawyers Pressed On Subpoena Impasse

    Senators investigating Saudi Arabia's U.S. business ties have urged the kingdom to comply with their subpoenas, accusing the country's Akin Gump Strauss Hauer & Feld LLP attorneys of ducking their scrutiny on shaky legal grounds.

  • January 30, 2024

    Willkie Energy Leader Rejoins McGuireWoods In Houston

    McGuireWoods LLP has rehired the former managing partner of its Houston office, who returns to the firm after most recently serving as co-chair of Willkie Farr & Gallagher LLP's power and renewable energy practice, the firm announced Tuesday.

  • January 30, 2024

    Early Adopters Of AI In M&A See Productivity Gains

    Just a sliver of global mergers and acquisitions practitioners are currently using generative artificial intelligence to assist with deal-making, but a large majority of them report satisfaction with the technology and productivity gains, according to Bain & Company's 2024 global M&A report published Tuesday. 

  • January 30, 2024

    Latham-Led Amphenol Buying Carlisle Wiring Biz For $2B

    Latham & Watkins is representing Amphenol Corp. on a new agreement to purchase the high-performance wire and cable business of Kirkland & Ellis-guided Carlisle Companies Inc. for $2.05 billion in cash, the companies said Tuesday. 

Expert Analysis

  • SEC's Life Sciences Actions Utilize Novel Tools And Theories

    Author Photo

    Recent enforcement actions show that the U.S. Securities and Exchange Commission is employing new forms of data analytics and noteworthy applications of insider trading laws in its scrutiny of fraud within the life sciences and health industries, say Edward Imperatore and Jina Choi at MoFo.

  • How And Why Your Firm Should Implement Fixed-Fee Billing

    Author Photo

    Amid rising burnout in the legal industry and client efforts to curtail spending, pivoting to a fixed-fee billing model may improve client-attorney relationships and offer lawyers financial, logistical and stress relief — while still maintaining profit margins, say Kevin Henderson and Eric Pacifici at SMB Law Group.

  • Opinion

    SEC Actions Against Musk Are Constitutionally Defective

    Author Photo

    The U.S. Securities and Exchange Commission's recent subpoena enforcement action against Elon Musk may be constitutionally and statutorily deficient — and the commission staff who issued the subpoenas and the action may have been unconstitutionally appointed, say Alex Lipman at Lipman Law and Justin Weddle at Weddle Law.

  • Series

    Conn. Banking Brief: The Notable Compliance Updates In Q3

    Author Photo

    The most notable legal changes affecting Connecticut financial institutions in the third quarter of 2023 included increased regulatory protections for consumers, an expansion of state financial assistance for underserved communities, and a panoply of tweaks to existing laws, says Brian Rich at Barclay Damon.

  • Opinion

    Judicial Independence Needs Defense Amid Political Threats

    Author Photo

    Amid recent and historic challenges to the judiciary from political forces, safeguarding judicial independence and maintaining the integrity of the legal system is increasingly urgent, says Robert Peck at the Center for Constitutional Litigation.

  • How Law Firms Can Use Account-Based Marketing Strategies

    Author Photo

    Amid several evolving legal industry trends, account-based marketing can help law firms uncover additional revenue-generating opportunities with existing clients, with key considerations ranging from data analytics to relationship building, say Jennifer Ramsey at stage LLC and consultant Gina Sponzilli.

  • Strategic Succession Planning At Law Firms Is Crucial

    Author Photo

    Senior partners' reluctance to retire, the rise of the nonequity partner tier and generational differences in expectations are all contributing to an increasing number of departures from BigLaw, making it imperative for firms to encourage retirement among senior ranks and provide clearer leadership pathways to junior attorneys, says Laura Leopard at Leopard Solutions.

  • The Impact Of Proposed HSR Form Changes On Agency Staff

    Author Photo

    The Federal Trade Commission's recent proposed changes to the Hart-Scott-Rodino Notification and Report Form will have the unintended effect of drastically increasing the burden on agency staff without an appreciable increase in their ability to detect potentially anti-competitive transactions, say Amanda Wait and Andrew Eklund at Norton Rose.

  • FTC's Health Co. Suit Indicates Agency's Private Equity Focus

    Author Photo

    The Federal Trade Commission's latest lawsuit against an anesthesia company and its private equity investor highlights the agency's willingness to regulate the health care industry even when relevant acquisitions are relatively dated or when the controlling entity's economic interest is under 50%, say attorneys at Simpson Thacher.

  • Top 4 Antitrust Enforcement Issues In Health Care Today

    Author Photo

    The Federal Trade Commission's recent lawsuit against U.S. Anesthesia Partners exemplifies antitrust enforcement authorities' efforts to aggressively reshape the health care industry, ranging from new proposed rules to withdrawals of previous guidance, say attorneys at Fried Frank.

  • Maximizing Law Firm Profitability In Uncertain Times

    Author Photo

    As threats of an economic downturn loom, firms can boost profits by embracing the power of bottom-line management and creating an ecosystem where strategic financial oversight and robust timekeeping practices meet evolved client relations, says Shireen Hilal at Maior Strategic Consulting.

  • OECD Gender Inclusive Toolkit May Inform Competition Policy

    Author Photo

    A toolkit recently released by the Organization for Economic Cooperation and Development offers a potential framework for guiding competition regulators and practitioners to better understand how market dynamics affect different gender groups, and could potentially be applied to other demographic lenses as well, say analysts at Analysis Group.

  • Alleged $636M Deal Error Highlights Ethics Considerations

    Author Photo

    Adelman v. Proskauer, a malpractice suit that allegedly arose from a cut-and-paste error resulting in potential damages of $636 million, presents an intriguing juxtaposition of facts and legal issues — and practical ethical considerations for transactions attorneys, says Richard Leisner at Trenam Law.

  • Tech M&A Due Diligence Checklist: Sector-Specific Concerns

    Author Photo

    In an increasingly dynamic technology merger and acquisition landscape, there are seven high-impact diligence concerns that must be addressed early and with precision, say attorneys at Gibson Dunn.

  • 5 DOJ Enforcement Priorities To Note From Recent Remarks

    Author Photo

    Principal Associate Deputy Attorney General Marshall Miller’s recent speech provided a glimpse into the U.S. Department of Justice’s corporate criminal enforcement priorities — from national security concerns to mergers and acquisitions — with takeaways for companies’ compliance programs, say Joseph Jay and Jennifer Le at Sheppard Mullin.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Mergers & Acquisitions archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!