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Mergers & Acquisitions
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August 05, 2025
Brookfield Nabs $6B Minority Stake In Duke Energy Florida
Skadden Arps Slate Meagher & Flom LLP-advised Duke Energy on Tuesday unveiled plans for infrastructure investor Brookfield, advised by Kirkland & Ellis LLP, to take an indirect minority equity stake in its electric company Duke Energy Florida in a $6 billion all-cash deal.
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August 05, 2025
CMA Launches In-Depth Probe Of Catering Services Merger
United Kingdom antitrust enforcers are officially launching an in-depth review of Aramark Group's acquisition of Scottish catering company Entier Ltd., saying Tuesday that Aramark declined to volunteer any remedies that would assuage competition concerns during the government's initial review phase.
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August 05, 2025
Housing Builder Boxabl Goes Public Via $3.5B SPAC Deal
Housing solutions company Boxabl Inc., advised by Winston & Strawn LLP, announced plans on Tuesday to go public via a merger with Loeb & Loeb LLP-led special purpose acquisition company FG Merger II Corp. in a deal that values the business at $3.5 billion.
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August 05, 2025
Kirkland, Gibson Dunn Assist On $1.3B Zebra-Elo Merger
Workflow technology company Zebra Technologies Corp. said Tuesday it will acquire Crestview Partners-backed Elo Touch Solutions Inc. for $1.3 billion in cash, in a deal guided by Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP.
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August 05, 2025
KKR Takes Lead Again In £4.2B Bidding War For Spectris
Spectris backed an improved £4.2 billion ($5.6 billion) offer on Tuesday from KKR, a change of heart only days after the high-tech instruments maker chose a rival bid of the same value from private equity firm Advent.
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August 04, 2025
Trump's Sons Back 'New America' SPAC's $300M IPO Filing
Donald Trump Jr. and Eric Trump are backing a new special-purpose acquisition company that, with guidance from Paul Hastings LLP and Holland & Knight LLP, plans to raise $300 million and will target the technology, healthcare and logistics sectors, according to a Securities and Exchange Commission filing on Monday.
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August 04, 2025
Chancery Bars 'D-Day' Data Block By Nielsen Holdings Spinoff
A Delaware vice chancellor on Monday permanently barred Nielsen Holdings Ltd. spinoff NIQ from carrying out a "fairly blatant" plan to cut off its parent and a competitor from accessing its data, a move the spinoff purportedly described as "D-Day."
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August 04, 2025
Chamber Wants FTC's Merger Notice Overhaul Nixed
The U.S. Chamber of Commerce has urged a Texas federal judge to upend a dramatic overhaul of merger filing requirements that it argued exceeded Federal Trade Commission authority, was made without a proper cost-benefit analysis and amounts to a solution in search of a problem.
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August 04, 2025
Chancery Spreading Workload, Automating Case Assignments
Citing in part efforts to balance jurist workloads, Delaware's ever-slammed Court of Chancery reported plans on Monday to field a new, automated case assignment regime in September that will pull more factors into the mix when distributing new cases.
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August 04, 2025
GTCR Says Buyer In Place For Potential FTC Divestiture Deal
Private equity firm GTCR BC Holdings told an Illinois federal court it has a signed agreement with a buyer for a deal that should fix the concerns raised by the Federal Trade Commission over its planned $627 million purchase of a medical device coatings company.
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August 04, 2025
Crypto Exchange Bullish Launches Plans For $599M IPO
Venture-backed crypto exchange Bullish plans to raise roughly $599 million in an upcoming initial public offering, according to a Monday statement indicating that it intends to offer 20.3 million shares priced between $28 and $31 per share.
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August 04, 2025
Davis Polk, Skadden Steer HNI's $2.2B Steelcase Acquisition
Workplace furnishing and residential building product manufacturer HNI Corp., advised by Davis Polk & Wardwell LLP, on Monday announced plans to acquire office, home and learning environment solutions maker Steelcase, led by Skadden Arps Slate Meagher & Flom LLP, in a $2.2 billion cash-and-stock deal.
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August 04, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, insurance brokerage and risk management giant Marsh & McLennan Cos. sought injunctive relief in a new suit accusing U.S. affiliates of London-based Howden Holdings Ltd. of a poaching scheme that involved over 100 M&M employees resigning on July 21.Â
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August 04, 2025
2 Firms Guide Elme Communities' $1.6B Portfolio Sale
Elme Communities announced Monday that it plans to sell 19 multifamily assets to Cortland Partners LLC in a $1.6 billion deal, after which the multifamily real estate investment trust will liquidate remaining assets, in a deal guided by King & Spalding and Hogan Lovells.
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August 04, 2025
Amphenol Buys CommScope's Cable Biz In $10.5B Deal
Fiber optic connector systems maker Amphenol Corp., advised by Latham & Watkins LLP, unveiled plans on Monday to buy Alston & Bird LLP-led and private equity backed-CommScope's connectivity and cable solutions business in a $10.5 billion cash deal.
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August 01, 2025
Dems Want Probe Of DOJ's HPE-Juniper Settlement
A quartet of Senate Democrats called Friday for the U.S. Department of Justice's internal watchdog to look for "improper business and political considerations" in the settlement permitting Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks.
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August 01, 2025
2 SPAC Deals Will Take Uranium Miner, Italian E-Grocer Public
Two newly unveiled mergers involving special purpose acquisition companies will aim to take a nuclear energy company and an Italian e-grocery operation public on U.S. exchanges at a combined value of nearly $500 million.
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August 01, 2025
Monthly Merger Review Snapshot
The U.S. Department of Justice abandoned its challenge of a corporate travel management deal, while lawmakers are calling for scrutiny of the agency's recent decision to settle a different case, and the Federal Trade Commission agreed to nix the requirements placed on a pair of oil and gas deals.
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August 01, 2025
Chancery Rules Gallagher Owes $50M In 'Earnout' Suit
An Arthur J. Gallagher & Co. subsidiary breached a contract by withholding $50 million owed to a patent insurance and underwriting venture under first-year terms of a three-year merger and earnout deal, a Delaware vice chancellor has found.
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August 01, 2025
'Reverse Acquihires' Multiply Inside Regulatory Gray Zone
Big Tech firms are increasingly turning to so-called reverse acquihires to quickly secure talent and technology, but as these deals grow in size and frequency, they may invite the very regulatory scrutiny the strategy is designed to avoid.
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August 01, 2025
Fiber Internet Co. Everstream Cleared For $385M Ch. 11 Sale
A Texas bankruptcy judge signed off Friday on the going-concern sale of fiber network provider Everstream, which plans to use proceeds from the $384.6 million sale of its business to exit Chapter 11.
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August 01, 2025
Taxation With Representation: Skadden, Wachtell, Latham
In this week's Taxation With Representation, Union Pacific Corp. and Norfolk Southern Corp. announce megamerger plans, Palo Alto Networks acquires identity security company CyberArk, Brookfield buys British life insurer Just Group, and Duke Energy sells its Piedmont Natural Gas Tennessee local distribution business to Spire Inc.
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August 01, 2025
Clifford Chance Advises PE Firm Cinven On Tech Biz Buy
Private equity firm Cinven said on Friday it has agreed to acquire software supplier Smart Communications, with counsel from Clifford Chance.
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August 01, 2025
Spectris Backs Advent's Improved £4.2B Offer In Snub To KKR
High-tech instruments manufacturer Spectris said Friday that it is throwing its support behind a sweetened £4.2 billion ($5.6 billion) cash offer from U.S. private equity shop Advent, which has turned its head away from a £4.1 billion courtship from KKR.
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July 31, 2025
'Abusive Behavior' Spurs $195M Add To Phillips 66 IP Verdict
A California state judge added $195 million in exemplary damages to a $605 million trade secrets verdict against oil giant Phillips 66 following its "abusive behavior" toward startup and onetime acquisition target Propel Fuels.
Expert Analysis
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Series
Law School's Missed Lessons: Mastering Discovery
The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.
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Mergers Face Steeper Slopes In State Antitrust Reviews
The New York Supreme Court's recent summary judgment in New York v. Intermountain Management, blocking the acquisition and shuttering of a ski mountain in the Syracuse area, underscores the growing trend among state antitrust enforcers to scrutinize and challenge anticompetitive conduct under state laws, say attorneys at Robins Kaplan.
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Opinion
Proposals Against Phillips 66 Threaten Corporate Law
Activist investor Elliott Investment Management's latest attempted tactic — initiating a high-stakes proxy contest against Phillips 66 — goes too far and would cause the company to both violate Delaware law and avoid the legal exception to the shareholder proposal process, says J.W. Verret at George Mason University.
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Strategies To Limit Inherent Damage Of Multidefendant Trials
As shown by the recent fraud convictions of two executives at the now-shuttered education startup Frank, multidefendant criminal trials pose unique obstacles, but with some planning, defense counsel can mitigate the harm and maximize the chances of a good outcome, says Kenneth Notter at MoloLamken.
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Series
Playing Guitar Makes Me A Better Lawyer
Being a lawyer not only requires logic and hard work, but also belief, emotion, situational awareness and lots of natural energy — playing guitar enhances all of these qualities, increasing my capacity to do my best work, says Kosta Stojilkovic at Wilkinson Stekloff.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.
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Series
Adapting To Private Practice: From NY Fed To BigLaw
While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.
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Top 3 Litigation Finance Deal-Killers, And How To Avoid Them
Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.
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How Attys Can Use A Therapy Model To Help Triggered Clients
Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.
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3 Steps For In-House Counsel To Assess Litigation Claims
Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.
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Series
Teaching College Students Makes Me A Better Lawyer
Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.
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Series
Adapting To Private Practice: From DOJ Enviro To Mid-Law
Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.
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Legal Ethics Considerations For Law Firm Pro Bono Deals
If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli.
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Del. Dispatch: Open Issues After Corp. Law Amendments
Recent amendments to the Delaware General Corporation Law represent a significant change in the future structuring of boards and how the First State will approach conflicted transactions, but Delaware courts may interpret the amendments narrowly, limiting their impact, say attorneys at Fried Frank.
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Series
Playing Football Made Me A Better Lawyer
While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.