Monthly Archives: July 2012

Cravath – DreamWorks Animation’s Acquisition of Classic Media

Tuesday, July 24, 2012

On July 23, 2012, DreamWorks Animation SKG, Inc. (Nasdaq: DWA) announced that it has entered into an agreement to acquire Classic Media, owner of one of the most extensive portfolios featuring many of the best-known and most-enduring franchises in all of family entertainment, for $155 million in cash from Boomerang Media Holdings I LLC, a portfolio company of Chicago-based private equity firm GTCR. Cravath represented DreamWorks Animation in this transaction. With well-established titles such as Casper the Friendly Ghost, Where’s Waldo?, Lassie, The Lone Ranger, George of the Jungle and Rocky & Bullwinkle, Classic Media’s properties have been a fixture in mainstream entertainment for decades. The transaction is expected to be completed during the third quarter of 2012.

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Tags:  Cravath, Swaine & Moore LLP | New York

Energy Attorney Mark Tattoli Enhances Buchanan’s Mid-Stream Capabilities

Tuesday, July 24, 2012

Buchanan Ingersoll & Rooney PC announced today the addition of shareholder Mark D. Tattoli to its Energy Section in Pittsburgh. Tattoli joins the firm from a Fortune 500, midstream master limited partnership providing crude oil, refined products and specialty chemicals storage, handling and throughput services. Prior to serving as in-house counsel, Tattoli worked in the Houston office of Haynes and Boone, LLP, advising clients in the energy and petrochemical industry on general corporate, M&A and securities matters.

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Tags:  Buchanan Ingersoll & Rooney PC

Simpson Thacher Represents L-3 Communications in its Spin-off of Engility Holdings

Tuesday, July 24, 2012

The Firm represented L-3 Communications Holdings, Inc. (“L-3”) in connection with its spin-off of Engility Holdings, Inc. (“Engility”), a new, independent, publicly-traded government services company. On July 17, 2012, each L-3 shareholder of record received one share of Engility for every six shares of L-3 common stock held by such shareholder as of July 16, 2012. Engility shares will trade on the New York Stock Exchange under the symbol “EGL”.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Mayer Brown Represents Fresenius Kabi on Agreement to Acquire Fenwal

Tuesday, July 24, 2012

Mayer Brown announced today that it advised Fresenius Kabi, a leading provider of infusion therapy and clinical nutrition, on its definitive agreement to acquire Fenwal Holdings, Inc., a global leader specializing in separation technologies for blood and cell collection and therapy with operations throughout North America, Latin America, Europe and Asia. The acquisition is expected to close by the end of the year. Financial terms of the agreement were not disclosed.

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Tags:  Mayer Brown LLP

Shearman & Sterling Advising African Barrick Gold plc in Connection with Proposed Acquisition of 100% of Shares of Aviva Mining (Kenya) Limited

Tuesday, July 24, 2012

On 23 July 2012, African Barrick Gold plc (ABG) announced that it had entered into an agreement with Aviva Corporation Limited (Aviva) to acquire all of the outstanding share capital of Aviva Mining (Kenya) Limited (AMKL) for initial cash consideration of approximately A$20 million. A further potential payment of A$10 million will become payable to Aviva if a National Instrument 43-101 compliant indicated resource of 3 million ounces of gold is declared over the project areas. ABG has also agreed to provide up to an additional A$1 million to Aviva by way of a purchase price advance to cover the costs of an agreed exploration programme until the transaction closes, repayable under certain circumstances in the event that the acquisition does not complete. AMKL’s assets include interests in a number of special licences in west Kenya, approximately 300km northwest of Nairobi, near the border of Uganda and on the shores of Lake Victoria.

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Tags:  Shearman & Sterling LLP

Paul, Weiss – Nexen Agrees to be Acquired by CNOOC for $15.1 Billion

Tuesday, July 24, 2012

Paul, Weiss client Nexen Inc., an independent, Canada-based global energy company with operations in the UK, Canada, Nigeria, the United States and elsewhere, has entered into a definitive agreement under which CNOOC Limited, China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world, will acquire all of the outstanding common shares of Nexen for $27.50 per share in cash, in a transaction valued at approximately $15.1 billion. The purchase price represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July 20, 2012, and a premium of 66% to Nexen’s 20 trading-day volume-weighted average share price.

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York