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International Edition

Slaughters, A&O act on BHP's $40bn hostile bid for world's largest fertiliser company

Jones Day and Cleary Gottlieb Steen & Hamilton have secured lead roles on BHP Billiton's $40bn (£25.6bn) hostile bid for the Potash Corporation of Saskatchewan, writes the Am Law Daily. Potash rejected the mining giant's unsolicited offer on Tuesday (17 August), with BHP today (18 August) confirming a hostile bid at $130 (£83) a share for the Canadian-based company, which is the world's largest producer of fertiliser.
2 minute read

International Edition

Latham, Shepherd and Wedderburn lead on $9.6bn Indian oil buyout

Latham & Watkins and Shepherd and Wedderburn have lined up alongside two Indian law firms on the $9.6bn (£6.1bn) acquisition of a majority stake in oil company Cairn India by Vedanta Resources, India's largest mining company. Vedanta is looking to purchase between 51% and 60% of Cairn India, which is 62% owned by the Edinburgh-based FTSE 100 oil firm Cairn Energy.
2 minute read

International Edition

CC and Latham take lead on Italian bank's billion-dollar bond issue

Clifford Chance (CC) and Latham & Watkins have advised on Intesa Sanpaolo's $1bn (£642m) bond issue as the Italian bank gears up for a potential $15bn (£9.6bn) bond offering via a medium term note program. Latham advised Intesa with a team led by corporate partners Michael Immordino and Jeff Lawlis alongside corporate partner Antonio Coletti and tax partner Jiyeon Lee-Lim.
2 minute read

International Edition

Simpson Thacher and Sullivan head up firms on $4.7bn Blackstone LBO

A raft of US firms have taken roles on The Blackstone Group's $4.7bn (£3bn) acquisition of energy company Dynegy in one of the largest leveraged buyouts of 2010 so far, reports The Am Law Daily. Simpson Thacher & Bartlett is representing longstanding private equity client Blackstone on the deal, with corporate partner Wilson Neely and energy and infrastructure practice chair David Lieberman leading the firm's team.
2 minute read

International Edition

Weil cooks up lead role on Gordon Ramsay TV production company sale

Weil Gotshal & Manges has taken the lead role on All3Media's £40m acquisition of Optomen, the TV production company behind shows including The F Word, in a deal that will hand millions of pounds to celebrity chef Gordon Ramsay. The deal sees All3Media acquire Optomen and One Potato Two Potato, which was set up as a joint venture with Ramsay in 2008 and produces all of his hit TV series, including the US versions of Ramsay's Kitchen Nightmares and Hell's Kitchen.
2 minute read

International Edition

London Universities Purchasing Consortium appoints 13 firms to first legal panel

A raft of national firms have won roles on the first panel for the London Universities Purchasing Consortium (LUPC). The line-up, which was announced earlier this month (1 August), sees 13 firms appointed to provide legal advice to the LUPC's 60 members, which include the London School of Economics and Political Science, the Royal College of Music and the British Museum. Thirty-four firms tendered for roles on the panel, with succesful firms set to advise for a three-year period with an option to extend for a fourth year.
2 minute read

International Edition

Weil and Skadden head up latest billion-dollar AIG sell-off

Weil Gotshal & Manges and Skadden Arps Slate Meagher & Flom have taken the lead roles on AIG's sale of an 80% stake in its consumer finance lender, American General Finance (AGF), to the Fortress Investment Group, reports The Am Law Daily. The purchase price of the deal - which will allow AIG to offload between $17bn (£11bn) and $19bn (£12bn) worth of debt - has not been disclosed, but AGF has been previously valued at around $2bn (£1.3bn).
2 minute read

International Edition

Hammonds and Bakers brew up Chelsea FC beer sponsorship deal

Hammonds and Baker & McKenzie have landed roles on Chelsea Football Club's sponsorship deal with Singha Beer, making the Thai brand Chelsea's official beer.
1 minute read

International Edition

Slaughters bags role on $2bn sale of BP's South American assets

Slaughter and May has won a role on a $1.9bn (£1.2bn) energy deal as UK oil giant BP has moved to sell assets in South America.
2 minute read

International Edition

Sullivan makes Skype connection with lead role on $100m IPO

Sullivan & Cromwell has secured the lead role to advise Skype on its long-anticipated initial public offering (IPO), as the online communications company prepares to issue US shares worth about $100m (£63m), reports The Am Law Daily. The US firm already has a relationship with Skype after London-based partner Richard Morrissey, the head of the firm's European M&A group, advised the consortium of investors that acquired a controlling stake in the company from eBay for about $2bn (£1.3bn) in September.
2 minute read

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