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International Edition

Slaughters, Wragges and Eversheds on target on tenpin bowling takeover

Slaughter and May, Wragge & Co and Eversheds have taken lead roles on AMF Bowling's £27m acquisition of tenpin bowling rival Hollywood Bowl. Slaughters advised longstanding client AMF on the £27m purchase from Mitchells & Butlers, which owns a large portfolio of entertainment venues around the UK. The transaction creates one of the UK's largest tenpin bowling companies, with annual sales of more than £60m.
3 minute read

International Edition

A&O relocates City partner to Hong Kong to lead Asia-Pacific corporate

Allen & Overy (A&O) has relocated London partner Gary McLean to Hong Kong to take on the new role of Asia-Pacific head of corporate. The role was created in order to co-ordinate the firm's corporate presence throughout Asia and Australia. Global corporate co-head Sietze Hepkema commented: "The relocation underlines the firm's commitment to its presence in Greater China. Since the expansion of our Australian platform we needed someone to coordinate the effort across the region.
2 minute read

International Edition

Hammonds set for transatlantic tie-up with US firm Squire Sanders

Hammonds is in advanced stages of merger talks with US firm Squire Sanders & Dempsey. Management at the two firms have held discussions about a merger over recent months, with the plan announced to their respective partnerships today (25 August). The process is currently in the due diligence stage, with the intention of confirming the merger on 1 January 2011 if the talks proceed successfully.
3 minute read

International Edition

Hammonds/Squire Sanders – a promisingly defensive deal

You don't have to strain too hard to find parallels between news today of Hammonds' merger talks with top 60 US practice Squire Sanders & Dempsey and the tie-up between Denton Wilde Sapte and Sonnenschein Nath & Rosenthal. The size of the prospective union, which would create a global top 50 practice with revenues of well over $625m (£403m), is closely comparable to SNR Denton, which itself goes live next month. In both cases the US suitor is much larger and more profitable than its UK partner - though all of these firms have generally lagged their peers in terms of profits. Market position is also broadly comparable, even if Dentons obviously brings much more City muscle to its union than Hammonds has ever achieved.
5 minute read

International Edition

Slaughters and Links lead on HSBC's multi-billion South Africa bank bid

Linklaters and Slaughter and May are advising on HSBC's proposed acquisition of a controlling stake in South Africa's Nedbank, a deal which could be worth up to R49.9bn (£4.4bn). Linklaters is acting for HSBC on its exclusive talks with Nedbank majority investor Old Mutual, with the magic circle firm's team led by corporate partner Robert Cleaver.
2 minute read

International Edition

Slaughters and Links lead on HSBC's multi-billion South Africa bank bid

Linklaters and Slaughter and May are advising on HSBC's proposed acquisition of a controlling stake in South Africa's Nedbank, a deal which could be worth up to R49.9bn (£4.4bn). Linklaters is acting for HSBC on its exclusive talks with Nedbank majority investor Old Mutual, with the magic circle firm's team led by corporate partner Robert Cleaver.
2 minute read

International Edition

Wilson Sonsini set to launch new base in Hong Kong with Milbank hire

Wilson Sonsini Goodrich & Rosati has announced plans to open a Hong Kong office with a hire of a new partner from Milbank Tweed Hadley & McCloy, reports The Am Law Daily. Weiheng Chen, formerly a counsel in Milbank's Hong Kong and Beijing offices, will join leading Silicon Valley firm Wilson Sonsini as a corporate and securities partner and co-head of the China practice.
2 minute read

International Edition

MoFo and Wilson Sonsini lead on Intel's $7.7bn McAfee takeover

US duo Morrison & Foerster and Wilson Sonsini Goodrich & Rosati have secured lead roles on computer chip giant Intel Corporation's $7.7bn (£4.9bn) purchase of antivirus software maker McAfee, writes The Am Law Daily. The purchase, which was announced on Thursday (19 August) will enable the chip maker to expand on the security services it provides, a "fundamental component of online computing," according to Intel's statement. It marks Intel's biggest effort to expand beyond chip making to date.
2 minute read

International Edition

Midlands duo seal merger to create £30m firm

Birmingham's Shakespeare Putsman and 17-partner Nottingham firm Berryman are set to merge, creating a £30m Midlands practice. The tie-up, which will take place on 1 November, will create a new firm employing 440 staff across the East and West Midlands, including almost 60 partners. The deal follows Shakespeare Putsman's merger with Stratford-based firm Needham & James this July, which formed a firm with combined revenues of £24m.
2 minute read

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

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