Allen & Overy and Wachtell win roles on $1.1bn NASDAQ acquisition of Deutsche Boerse arm
Magic circle firm and Wachtell Lipton Rosen & Katz take the lead on latest stock market deal following LSE and Deutsche Boerse merger talks
March 10, 2016 at 06:12 AM
2 minute read
Allen & Overy (A&O) and Wachtell Lipton Rosen & Katz are taking the lead roles on NASDAQ's acquisition of US options exchange operator International Securities Exchange from Deutsche Boerse.
NASDAQ has agreed to pay $1.1bn (£770m) to Deutsche Boerse for International Securities Exchange Holdings, which operates three equity options exchanges in the US.
A&O is acting for Deutsche Boerse, with a team co-led by Frankfurt corporate partner Hartmut Krause and New York corporate partner Peter Harwich.
Other key partners include New York-based US antitrust co-head Elaine Johnston, and tax partners Heike Weber in Frankfurt and Jack Heinberg and Dave Lewis in New York.
Nasdaq is being advised by Wachtell. Its team is being spearheaded by New York corporate partner David Lam.
Jones Day is providing regulatory counsel to NASDAQ.
A&O's Krause said: "Our US strategy is very focused on cross-border M&A and this type of deal hits our absolute sweet spot. We have a full capability in the US to run large and complex M&A transactions, in particular with non-US parties in the US market doing cross-border M&A. This is what we are geared for in the US market."
The deal takes place alongside of Deutsche Boerse's ongoing merger talks with London Stock Exchange (LSE).
In those talks Freshfields Bruckhaus Deringer is acting for LSE and Linklaters is representing Deutsche Boerse.
Freshfields team includes corporate partner Andrew Hutchings, M&A partner Mark Rawlinson and London M&A co-head Piers Prichard Jones.
Linklaters is fielding a team including London corporate partners Roger Barron and Simon Branigan and Germany corporate partners Ralph Wollburg and Staffan Illert.
This content has been archived.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
Osler, A&O Sherman Act for Chevron in Blockbuster $6.5 Billion Canadian Oilsands Divestiture
3 minute read
Linklaters, Davis Polk Advise on $6.7B Rio Tinto Acquisition of Lithium Business
'London and Brussels Have Quickly Become Accretive for the Firm': Paul Weiss Enters Top 10 UK M&A Advisers
4 minute readTrending Stories
Who Got The Work
Dechert partners Andrew J. Levander, Angela M. Liu and Neil A. Steiner have stepped in to defend Arbor Realty Trust and certain executives in a pending securities class action. The complaint, filed July 31 in New York Eastern District Court by Levi & Korsinsky, contends that the defendants concealed a 'toxic' mobile home portfolio, vastly overstated collateral in regards to the company's loans and failed to disclose an investigation of the company by the FBI. The case, assigned to U.S. District Judge Pamela K. Chen, is 1:24-cv-05347, Martin v. Arbor Realty Trust, Inc. et al.
Who Got The Work
Arthur G. Jakoby, Ryan Feeney and Maxim M.L. Nowak from Herrick Feinstein have stepped in to defend Charles Dilluvio and Seacor Capital in a pending securities lawsuit. The complaint, filed Sept. 30 in New York Southern District Court by the Securities and Exchange Commission, accuses the defendants of using consulting agreements, attorney opinion letters and other mechanisms to skirt regulations limiting stock sales by affiliate companies and allowing the defendants to unlawfully profit from sales of Enzolytics stock. The case, assigned to U.S. District Judge Andrew L. Carter Jr., is 1:24-cv-07362, Securities and Exchange Commission v. Zhabilov et al.
Who Got The Work
Clark Hill members Vincent Roskovensky and Kevin B. Watson have entered appearances for Architectural Steel and Associated Products in a pending environmental lawsuit. The complaint, filed Aug. 27 in Pennsylvania Eastern District Court by Brodsky & Smith on behalf of Hung Trinh, accuses the defendant of discharging polluted stormwater from its steel facility without a permit in violation of the Clean Water Act. The case, assigned to U.S. District Judge Gerald J. Pappert, is 2:24-cv-04490, Trinh v. Architectural Steel And Associated Products, Inc.
Who Got The Work
Michael R. Yellin of Cole Schotz has entered an appearance for S2 d/b/a the Shoe Surgeon, Dominic Chambrone a/k/a Dominic Ciambrone and other defendants in a pending trademark infringement lawsuit. The case, filed July 15 in New York Southern District Court by DLA Piper on behalf of Nike, seeks to enjoin Ciambrone and the other defendants in their attempts to build an 'entire multifaceted' retail empire through their unauthorized use of Nike’s trademark rights. The case, assigned to U.S. District Judge Naomi Reice Buchwald, is 1:24-cv-05307, Nike Inc. v. S2, Inc. et al.
Who Got The Work
Sullivan & Cromwell partner Adam S. Paris has entered an appearance for Orthofix Medical in a pending securities class action arising from a proposed acquisition of SeaSpine by Orthofix. The suit, filed Sept. 6 in California Southern District Court, by Girard Sharp and the Hall Firm, contends that the offering materials and related oral communications contained untrue statements of material fact. According to the complaint, the defendants made a series of misrepresentations about Orthofix’s disclosure controls and internal controls over financial reporting and ethical compliance. The case, assigned to U.S. District Judge Linda Lopez, is 3:24-cv-01593, O'Hara v. Orthofix Medical Inc. et al.
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
