Linklaters and CC lead on $9.5bn GDF bid for International Power stake
Linklaters has taken a lead role for GDF Suez on its $9.5bn (£6bn) bid for the 30% of International Power (IPR) that it does not already own, reports The Am Law Daily. Linklaters M&A partners Iain Wagstaff in London and Marc Loy in Paris are advising GDF, after both led a team from the magic circle firm representing GDF when it acquired a majority stake in IPR in August 2010. That deal transformed GDF into the world's largest utility company.
March 30, 2012 at 12:19 PM
2 minute read
Linklaters has taken a lead role for GDF Suez on its $9.5bn (£6bn) bid for the 30% of International Power (IPR) that it does not already own, reports The Am Law Daily.
Linklaters M&A partners Iain Wagstaff (pictured) in London and Marc Loy in Paris are advising GDF, after both led a team from the magic circle firm representing GDF when it acquired a majority stake in IPR in August 2010. That deal transformed GDF into the world's largest utility company.
Clifford Chance (CC) is advising International Power, with a team led by a team led by partners David Pudge and Brendan Moylan in London. CC represented the company on the initial sale of a majority stake to GDF two years ago.
GDF named Sandra Lagumina as its in-house legal director last June. Lagumina is the former general counsel of Gaz de France, the French energy giant that merged with GDF in a $157.5bn (£99bn) deal in 2008 on which at least ten firms advised. Linklaters was one of several firms representing GDF on that transaction.
Earlier this year, GDF unveiled its first-ever global panel of preferred legal advisers, creating roles for Linklaters, Shearman & Sterling and French firm Bredin Prat.
GDF has said it believes that a full merger with IPR would simplify its structure and be attractive to IPR shareholders. IPR has not yet offered a public response to the latest offer by GDF.
The Am Law Daily is a US affiliate title of Legal Week.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Ropes & Gray, Willkie Farr, KWM, Dechert Act on Xerox's $1.5B Buy in China
Freshfields, MoFo Act on $1.8B TOPPAN Deal As Japan's US Buying Spree Continues
Cox & Palmer to Merge with Benson Buffett in St. John’s, Canada’s Easternmost City
2 minute read
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
