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International Edition

Skadden stalling tactics scare Microsoft off Yahoo

Skadden Arps Slate Meagher & Flom has picked up the plaudits after a team of lawyers from the US giant were credited with buying internet giant Yahoo more time in its ongoing takeover saga with Microsoft, writes The Recorder. Last week (3 May) Microsoft halted its three-month pursuit of Yahoo after an improved $47.5bn (£23.9bn) offer for the California-based company was turned down.
3 minute read

International Edition

Freshfields leads on Deutsche Bahn IPO

Freshfields Bruckhaus Deringer is advising German state-owned rail operator Deutsche Bahn on the initial public offering (IPO) of its mobility and logistics business in a deal valued at around €5bn (£3.94bn). The City giant is advising Deutsche Bahn on the partial privatisation of what is Germany's last major state-owned enterprise, with the stake set to be listed on the Frankfurt Stock Exchange representing a 24.9% share of the group.
2 minute read

International Edition

Nabarro cheers with Heineken SA venture

Nabarro has landed its first deal for new client Heineken International - advising on a joint venture in South Africa. The top 30 UK firm won the drinks giant as a client through corporate partner Patrick Speller, who joined Nabarro last summer from Allen & Overy (A&O).
2 minute read

International Edition

Dealmaker: Magdalene Bayim-Adomako

Recently promoted to co-head of bank finance, Magdalene Bayim-Adomako is one of White & Case's rising City stars
5 minute read

International Edition

Commentary: A real American law firm lands in the Square Mile

Unlike most US firms landing blinking in the City, one problem that Quinn Emanuel Urquhart Oliver & Hedges will not have is standing out. After all, these self-consciously combative trial lawyers extraordinaire manage to stand out in their home town, having grown at staggering speed from their 1986 launch to become a top 100 US practice in just two decades. But it is far more than startling growth that the Los Angeles-based upstart is known for: it remains one of the very few law firms of any significance to focus exclusively on litigation, a focus that the firm has turned to its advantage by freeing itself from conflicts.
6 minute read

International Edition

Freshfields, Links bag heavenly deal as RBS sells Angel Trains

Freshfields Bruckhaus Deringer and Linklaters are advising on Babcock & Brown's planned £3.5bn acquisition of Angel Trains from the Royal Bank of Scotland (RBS).
2 minute read

International Edition

LG puts wind behind Clipper's growth in the US with roles on $350m transaction spree

LG has taken the lead role on a series of transactions raising more than $350m (£177.5m) for Clipper Windpower. LG corporate partners Lance Feaver and Hugh Maule led the firm's team advising Clipper on all aspects of the investment, which is intended to support Clipper's growth into the US.
2 minute read

International Edition

Fried Frank ties up Virgin Media notes offering

Fried Frank Harris Shriver & Jacobson has secured a role advising longstanding client Virgin Media on a $1bn (£504m) notes offering.
2 minute read

International Edition

A&O in for HBOS on £4bn rights issue

Allen & Overy (A&O) has landed a plum role advising HBOS on a £4bn rights issue. The bank announced the plans to raise the capital today (29 April) as UK lenders continue to wrestle with turbulent market conditions. The team from A&O is led by London-based corporate partner David Broadley alongside HBOS relationship partner Alistair Asher. They are being assisted by senior associates Ben Jacobs and Nick O'Donnell.
2 minute read

International Edition

NY rivals chew over $23bn Mars-Wrigley deal

Elite Manhattan firms Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom have taken lead roles on Mars' merger with rival confectionary group Wm Wrigley Jr Co - one of the largest M&A deals of the year so far. The deal - worth approximately $23bn (£11.5bn) - sees Simpson Thacher client Mars acquire Wrigley, with Warren Buffet's Berkshire Hathaway investment group taking a $2.1bn (£1.05bn) stake in Wrigley.
2 minute read

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