Davis Polk Launches Elite Global Enforcement and Litigation Practice

Thursday, December 13, 2012

Davis Polk & Wardwell LLP announced today that Martin Rogers and James Wadham, leading litigators in Asia, will join the firm as partners in Hong Kong. Their arrival extends Davis Polk’s leadership among the elite corporate law firms in Asia with an outstanding litigation capability. Globally, this decision exemplifies Davis Polk’s strategic focus on delivering the best lawyers, providing the most critical advice, to the most sophisticated clients in the world’s major financial centers.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Weil Leads on $28 Billion Sale to Create World’s Largest Public Oil Producer

Thursday, December 13, 2012

As part of Russia’s largest ever takeover, international law firm Weil, Gotshal & Manges advised Access Industries and Renova on the sale of their stake in the Russian oil joint venture, TNK-BP, to state-owned oil company Rosneft, which signed yesterday. The transaction price is set on the basis of the valuation of AAR’s TNK-BP stake at $28 billion. Completion is conditional on certain regulatory and other matters.

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Tags:  Weil, Gotshal & Manges, LLP

Haynes and Boone Advises Rise Energy Partners in Sale

Thursday, December 13, 2012

A team of Haynes and Boone, LLP lawyers advised Rise Energy Partners, LP in connection with its sale of interests in various oil and gas producing properties offshore southern California to Memorial Production Partners LP (MEMP) for a purchase price of about $271 million. The transaction closed on Dec. 12, 2012.

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Tags:  Haynes and Boone, LLP | Dallas

Shearman & Sterling Advises on $8 Billion Financing for AT&T

Thursday, December 13, 2012

Shearman & Sterling advised Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners in connection with a $8 billion financing for AT&T Inc., consisting of a $3 billion five-year credit facility and a $5 billion amended and restated four-year credit facility.

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Tags:  Shearman & Sterling LLP | New York

Shearman & Sterling Advises Barry Callebaut on Acquisition of Cocoa Ingredients Division from Petra Foods

Thursday, December 13, 2012

Shearman & Sterling is advising Barry Callebaut on its acquisition of the Cocoa Ingredients Division of Petra Foods Limited in a transaction valued at US$950 million. The transaction is subject to approval by Petra Foods’ shareholders as well as regulatory authorities. The closing of the transaction is expected in summer 2013.

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Tags:  Shearman & Sterling LLP

Shearman & Sterling Advises NASDAQ OMX on Acquisition of Thomson Reuters’ Investor Relations, Public Relations and Multimedia Solutions Businesses

Thursday, December 13, 2012

Shearman & Sterling is advising the NASDAQ OMX Group Inc. in its $390 million acquisition of Thomson Reuters’ Investor Relations, Public Relations and Multimedia Solutions businesses. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions. The proposed transaction will be subject to customary regulatory approvals and is expected to close in the first half of 2013.

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Tags:  Shearman & Sterling LLP | New York

Cravath – Sherwin-Williams Company’s Senior Debt Offering

Thursday, December 13, 2012

Cravath represented the underwriters, led by Citigroup, J.P. Morgan Securities and Wells Fargo Securities, in connection with the US$1 billion registered senior debt offering of The Sherwin‑Williams Company, a developer, manufacturer, distributor and seller of paint, coatings and related products to professional, industrial, commercial and retail customers. The transaction closed on December 7, 2012.

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Tags:  Cravath, Swaine & Moore LLP | New York