GE instructs battery of law firms for £10.2bn Alstom bid
Slaughter and May, Weil Gotshal & Manges and Hogan Lovells are among a clutch of firms to have won mandates on GE's €12.4bn (£10.2bn) bid for the energy assets of Alstom.
May 02, 2014 at 06:46 AM
2 minute read
Slaughter and May, Weil Gotshal & Manges and Hogan Lovells are among a clutch of firms to have won mandates on GE's €12.4bn (£10.2bn) bid for the energy assets of Alstom.
The deal, which has come under intense scrutiny from the French government, was this week "positively received" by the Alstom board. Even if it goes ahead, GE said it does not expect the deal to close this calendar year.
GE has instructed Slaughters and best friend network firm Bredin Prat to advise on corporate aspects. Brussels-based Skadden Arps Slate Meagher & Flom partner Simon Baxter, for advice on competition law.
Arnold & Porter has also been drafted in by GE to advise on competition aspects, with Brussels partner Annette Schild in and London-based partner Susan Hinchcliffe leading a team alongside the firm's US antitrust head Jonathan Gleklen.
Partners at both US firms have advised GE on competition matters in the past. Gleklen counselled the company on a joint venture with Microsoft, as well as various deals including its $3.2bn acquisition of Converteam.
Skadden's Baxter advised the company on its failed attempt to buy Honeywell International for $42bn in 2001, while he was a partner at Clifford Chance.
Under the terms of GE's proposal, Alstom – a manufacturer of turbines for the nuclear industry and technology for electricity grids – has the right to consider unsolicited alternative proposals, including a potential bid from Siemens.
For the GE bid, Alstom has instructed a Weil Gotshal team led by Paris-based corporate partner David Aknin, and a Hogan Lovells competition team headed by Brussels partner and antitrust head Jacques Derenne.
The Hogan Lovells competition team also includes New York-based Rachel Brandenburger, an English-qualified lawyer who recently joined from the US Department of Justice, where she was an international special adviser.
Dominique Bompoint, a former corporate partner at Sullivan & Cromwell's Paris office who left last year to head up his boutique Cabinet Bompoint, has also landed a role for Alstom.
Alstom and GE both declined to comment on their legal advisers. All law firms declined to confirm their involvement.
This content has been archived.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 AllEU Parliament Gives Blessing to New EU Competition Chief Ribera Rodríguez
2 minute readSimpson Thacher Becomes Second Firm to Launch in Luxembourg in 2 Days With A&O Shearman Hires
3 minute readHSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
To Thrive in Central and Eastern Europe, Law Firms Need to 'Know the Rules of the Game'
7 minute readTrending Stories
- 1Friday Newspaper
- 2Judge Denies Sean Combs Third Bail Bid, Citing Community Safety
- 3Republican FTC Commissioner: 'The Time for Rulemaking by the Biden-Harris FTC Is Over'
- 4NY Appellate Panel Cites Student's Disciplinary History While Sending Negligence Claim Against School District to Trial
- 5A Meta DIG and Its Nvidia Implications
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