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Mergers & Acquisitions
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August 08, 2025
Kirkland-Led Accel-KKR Clinches $1.9B Continuation Fund
Kirkland & Ellis LLP-advised technology-focused investment firm Accel-KKR on Friday revealed that it wrapped its latest single-asset continuation fund after securing $1.9 billion of commitments, which will be used to extend the firm's partnership with human capital management software company isolved.
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August 08, 2025
Latham-Led CVC Consortium Bids €299M For Cyber Co.
Private equity company CVC Capital Partners PLC said Friday that it is leading a consortium to acquire WithSecure with a voluntary cash tender offer that values the Finnish cybersecurity business at €299 million ($348 million).
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August 08, 2025
UK Clears Boeing's $4.7B Spirit Aero Deal For Take-Off
The Competition and Markets Authority said Friday that it has given the green light to Boeing's planned $4.7 billion move to buy aircraft parts-maker Spirit AeroSystems after finding that the deal will not harm competition in U.K. markets.
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August 08, 2025
KKR Tries To Steer NHS Landlord Away From Rival £1.8B Bid
Private equity firm KKR made a final attempt on Friday to lure healthcare property manager Assura PLC away from a planned £1.79 billion ($2.4 billion) takeover by Primary Health Properties, claiming that its own terms offer more certainty to shareholders.Â
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August 07, 2025
ConocoPhillips Agrees To $1.3B Sale Of Anadarko Assets
ConocoPhillips, with guidance from Haynes Boone, is selling its Anadarko Basin assets for $1.3 billion, with the sale expected to close at the beginning of the fourth quarter, the independent oil producer announced on Thursday.
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August 07, 2025
NY AG, Ski Resort Square Up Over Resort Divestiture
A New York ski resort operator that bought a competing resort and shut it down must divest that resort to right the antitrust wrong a state judge found it had committed and restore competition to the market, the Empire State is arguing.
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August 07, 2025
Lyten To Buy Bankrupt Northvolt's Swedish, German Factories
Lithium-sulfur battery maker Lyten announced Thursday that it will buy bankrupt Swedish battery manufacturer Northvolt AB's factories in two countries and all its remaining intellectual property in a move that Northvolt said averted a "complete shutdown" of the business.
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August 07, 2025
FTC Urged To Investigate Meta's $14.3B Scale AI Investment
A group of advocacy organizations is calling on the Federal Trade Commission to investigate Meta's recent $14.3 billion investment in Scale AI, saying it fits into a "buy or bury" strategy to eliminate competition.
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August 07, 2025
BioNTech's Acquisition Of CureVac Ends COVID Vax Case
CureVac's case alleging Pfizer and BioNTech infringed patents related to messenger RNA technology is set to be dismissed after BioNTech announced in June that it would be acquiring CureVac, canceling what would have been the first-ever trial over COVID-19 vaccine patents in the U.S.
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August 07, 2025
Del. Court Weighs Final Leads For $13B Endeavor Stock Suit
In a rare battle of extremes, attorneys for a single Endeavor Group investor urged a Delaware vice chancellor on Thursday to accept their suit challenging the company's $13 billion take-private deal in March over a suit filed by investment giant Icahn Enterprises LP and a multinational bank based in Sweden.
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August 07, 2025
HPE-Juniper Judge Shuns More Direct Comment On DOJ Deal
Comments, or complaints, about the controversial U.S. Department of Justice deal permitting Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks must go through the DOJ and will no longer be accepted if submitted directly to the court, the reviewing California federal judge said Wednesday.
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August 07, 2025
Crypto Biz Ripple Snags VC-Backed Rail In $200M Deal
Enterprise blockchain and crypto solutions company Ripple on Thursday unveiled plans to buy venture capital-backed global payments platform Rail in a $200 million deal.
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August 07, 2025
Investors Back Cancer Ultrasound Tech Firm At $2.25B Value
HistoSonics Inc. said Thursday it has secured a majority stake acquisition led by its management team and backed by a syndicate of investors including K5 Global, Bezos Expeditions and Wellington Management, valuing the maker of the Edison Histotripsy System at about $2.25 billion.
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August 07, 2025
Ex-Data Co. Execs Charged With $25M 'Round Tripping' Scam
Two executives from bankrupt California data company Near Intelligence Inc. fraudulently inflated the company's revenues by $25 million in a conspiracy that involved a third executive from advertising company MobileFuse LLC, according to a Manhattan federal court indictment unsealed Thursday.
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August 07, 2025
OpenAI Climbs To $300B Valuation, Plus More Rumors
Tech deals appear to be booming as OpenAI's valuation explodes to $300 billion following an $8.3 billion funding round, Nvidia and CapitalG are rumored to invest in Vast Data in a funding round that could value the artificial intelligence infrastructure provider at up to $30 billion, and AI company Cerebras eyes a $1 billion private capital fundraise.
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August 07, 2025
UnitedHealth Selling Home Health Branches In DOJ Deal
The U.S. Department of Justice announced a settlement Thursday resolving its Maryland federal court challenge to UnitedHealth's $3.3 billion acquisition of home health and hospice company Amedisys, with the deal requiring the companies to sell at least 164 locations across 19 states.
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August 06, 2025
Renewable Energy Co. Sued In Del. Over $82M 'Hostage' Loan
Lenders to the purportedly insolvent, Chicago-based renewable energy venture Hecate Holdings LLC have sued the company in Delaware's Court of Chancery for allegedly breaching an $82 million loan agreement, holding collateral "hostage" and shifting collateral sale proceeds to unsecured accounts.
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August 06, 2025
Presidio Petroleum Inks $660M SPAC Merger Deal
Fort Worth, Texas-based oil and gas operator Presidio Petroleum will go public through a merger with EQV Ventures Acquisition Corp., a special purpose acquisition company sponsored by EQV Group.
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August 06, 2025
DOJ, Google Get OK For 2-Week Ad Tech Remedies Trial
When Google faces off against the U.S. Department of Justice at trial next month to determine what remedy the tech behemoth should provide for illegally maintaining a monopoly over advertising technology services, they'll each get five or six court days to make their case.
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August 06, 2025
FTC Challenges $945M Heart Valve Deal
The Federal Trade Commission filed suit Wednesday against Edwards Lifesciences Corp. over the company's proposed $945 million purchase of JenaValve Technology Inc., arguing the deal would give Edwards control over both of the only firms with ongoing U.S. clinical trials developing an important heart valve replacement device.
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August 06, 2025
Blackstone Inks $6B Enverus Deal, Beating Out NYSE Parent
Blackstone said Wednesday it has agreed to acquire Enverus from private equity firms Hellman & Friedman and Genstar Capital, in a deal that values the energy analytics and data firm at more than $6 billion.
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August 06, 2025
Akin, Latham Advise Apollo's Data Center Builder Stake
Apollo Global Management on Wednesday announced it will acquire a majority stake in Dallas-based builder Stream Data Centers in a deal advised by Akin Gump Strauss Hauer & Feld LLP and Latham & Watkins LLP that the asset manager said would enable possibly billions in digital infrastructure spending.
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August 06, 2025
Honey Dew Says M&A Adviser Missed Fake $25M Letter
Massachusetts-based regional coffee and donut chain Honey Dew says the investment banking firm it hired to find a buyer in 2018 would have learned that a $25 million "proof of funds" letter purporting to be from UBS was a forgery had it performed the expected due diligence.
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August 06, 2025
Skadden, McGuireWoods Guide $3.6B Cabinetry Co. Merger
MasterBrand Inc. and American Woodmark Corp. said Wednesday they will merge in an all-stock deal that values the combined cabinetmaker at $3.6 billion in enterprise value, creating one of the largest residential cabinetry manufacturers in North America.
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August 06, 2025
CMA Clears $13B Omnicom-Interpublic Merger
Britain's competition watchdog said Wednesday it has cleared the approximately $13 billion merger of U.S.-based marketing communications heavyweights Omnicom Group Inc. and Interpublic Group of Companies Inc., following a similar decision in the U.S. in June.
Expert Analysis
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4 Ways Women Attorneys Can Build A Legal Legacy
This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.
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Preparing For Disruptions To Life Sciences Supply Chains
Life sciences companies must assess how new and escalating tariffs — combined with other restrictions on cross-border activity singling out pharmaceutical products and medical devices — will affect supply chains, and they should proactively prepare for antitrust and foreign direct investment regulatory review processes, say attorneys at Weil.
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Mastering The Fundamentals Of Life Sciences Due Diligence
As life sciences transactions continue to gain tremendous momentum, companies participating in these transactions must conduct effective and strategic regulatory due diligence, which involves extensive amounts of information and varies by manifold factors, says Anna Zhao at GunnerCooke.
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A Close-Up Look At DOJ's Challenge To HPE-Juniper Deal
The outcome of the Justice Department's challenge to Hewlett Packard Enterprise's proposed $14 billion acquisition of Juniper Networks will likely hinge on several key issues, including market dynamics and shares, internal documents, and questions about innovation and customer harm, say attorneys at McDermott.
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5 Merger Deal Considerations In Light Of The New HSR Rules
Now that the new Hart-Scott-Rodino Act rules are in effect, current priorities include earlier preparation for merging parties, certain confidentiality covenants, and key elements of letters of intent and term sheets, say attorneys at Fried Frank.
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What FERC Scrutiny Of Directors, Assets Means For Investors
The Federal Energy Regulatory Commission has recently paid dramatically increased attention to appointments of power company directors by investors, and ownership of vertical assets that provide inputs for electric power production and sale — so investors in FERC-regulated entities should be paying more attention to these matters as well, say attorneys at Day Pitney.
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Opinion
Antitrust Analysis In Iowa Pathologist Case Misses The Mark
An Iowa federal court erred in its recent decision in Goldfinch Laboratory v. Iowa Pathology Associates by focusing exclusively on market impacts and sidestepping key questions that should be central to antitrust standing analysis, says Daniel Graulich at Baker McKenzie.
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Anticipating Calif. Oversight Of PE Participation In Healthcare
A new bill recently introduced in the California Senate revives last year's attempt to increase oversight of healthcare transactions involving private equity groups and hedge funds, meaning that attorneys may soon need to assess the compliance status of existing management relationships and consider modifying contract terms, says Andrew Demetriou at Husch Blackwell.
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When Reincorporation Out Of Del. Isn't A Good Idea
While recent high-profile corporate moves out of Delaware have prompted discussion about the benefits of incorporation elsewhere, for many, remaining in the First State may be the right decision due to its deep body of business law, tradition of nonjury trials and other factors, say attorneys at Goodwin.
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New HSR Rules Augur A Deeper Antitrust Review By Agencies
After some initial uncertainty, the new Hart-Scott-Rodino Act rules did go into effect last month, and though their increased information requirements create greater initial burdens for merging parties, the rules should lead to greater certainty and predictability through a more efficient and effective review process, says Craig Malam at Edgeworth Economics.
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Why Acquirers Should Reevaluate Federal Contract Risk
Long thought of as a stable investment, the scale with which the Trump administration is attempting to eliminate federal contracts is unprecedented, and acquirer considerations should include the size and scope of all active and pending government contracts of target companies, say attorneys at Winston & Strawn.
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Opinion
SEC Defense Bar Should Pursue Sanctions Flexibility Now
The U.S. Securities and Exchange Commission defense bar has an opening under the new administration to propose flexible, tailored sanctions that can substantially remediate misconduct and prevent future wrongdoing instead of onerous penalties, which could set sanctions precedent for years to come, says Josh Hess at BCLP.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.
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Series
Playing Beach Volleyball Makes Me A Better Lawyer
My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.