Loeb & Loeb Represents Special Committee in Verint Systems Acquisition of Comverse Technology

Thursday, February 14, 2013

Loeb & Loeb LLP represented the special committee of the board of directors of Verint Systems Inc., a provider of analytic software solutions for the security and business intelligence markets, in its acquisition of Comverse Technology Inc. The transaction, valued at approximately $960 million, was completed in February 2013. The all-stock deal eliminated Comverse’s majority ownership in and control of Verint following the spinoff by Comverse of its telecommunications business.

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Tags:  Loeb & Loeb LLP | New York

Simpson Thacher Represents AXIS Capital in Connection with the Sale by Stone Point Capital of its Remaining Stake in AXIS

Thursday, February 14, 2013

The Firm is representing AXIS Capital Holdings Ltd. (“AXIS Capital”) in connection with the sale by Stone Point Capital LLC’s Trident II, L.P. and related entities (“Trident”) of its remaining stake in AXIS Capital. AXIS Capital priced its secondary share offering of nearly 2.74 million shares at $39.50 per share, a value of approximately $108 million. Upon completion of this offering, Trident will no longer own any of AXIS Capital’s common shares.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Dechert Serves as Antitrust Counsel to US Airways in Merger with American Airlines

Thursday, February 14, 2013

Dechert partner Paul T. Denis is leading a team serving as antitrust counsel to US Airways in its proposed merger with American Airlines that was announced today. The boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways’ stock as of February 13, 2013. The two firms will operate under the name American Airlines.

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Tags:  Dechert LLP