Davis Polk – Verizon Acquires 45% Interest in Verizon Wireless from Vodafone

Davis Polk is advising J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as financial advisers to Verizon Communications Inc. in connection with its $130 billion acquisition of a 45% interest in Verizon Wireless from Vodafone Group Plc. The transaction, which is expected to close in the first quarter of 2014, is subject to customary closing conditions, including regulatory approvals and the approval of both companies’ shareholders.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Underwriters in $1.05 Billion Debt Offering for Boston Scientific Corporation

The Firm recently represented the underwriters, led by Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the public offering by Boston Scientific Corporation (“Boston Scientific”) of $1.05 billion of debt securities, consisting of $600 million of 2.65% notes due 2018 and $450 million of 4.125% notes due 2023. Boston Scientific will use the net proceeds from the offering, together with borrowings under its recent $400 million term loan facility, to redeem all or a portion of its 5.45% notes due June 15, 2014 and 4.50% notes due January 15, 2015, and to pay related fees, expenses and premiums.

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Tags:  Simpson Thacher & Bartlett LLP | New York

The Pritzker Organization to Acquire Kaye Scholer Client TMS International Corp. for Approximately $1 Billion

TMS International Corp. (NYSE:TMS) and The Pritzker Organization, LLC (TPO) announced earlier today a definitive merger agreement under which business interests of certain members of the Pritzker family will acquire TMS in an all-cash transaction valued at approximately $1 billion, including refinanced third-party debt. Kaye Scholer is advising TMS on legal matters related to the transaction.

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Tags:  Arnold & Porter Kaye Scholer LLP | New York

Willkie Advises on Darling International’s $614 Million Acquisition of Rothsay Rendering Unit

On August 23, Darling International Inc., a leading provider of rendering, recycling and recovery solutions to the food industry, announced that it has entered into a definitive agreement to acquire all of the assets of Rothsay, a division of Maple Leaf Foods Inc., for approximately $614 million in cash. Willkie represented BMO Capital Markets Corp., financial advisor to Darling, in the transaction.

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Tags:  Willkie Farr & Gallagher LLP | New York

Cravath – BNSF’s $1.5 Billion Registered Debt Offering

Cravath represented Burlington Northern Santa Fe, LLC in connection with its US$1.5 billion registered debt offering. Burlington Northern Santa Fe, LLC is a holding company engaged primarily in freight railroad transportation through its ownership of its principal operating subsidiary, BNSF Railway Company, which operates one of the largest railroad networks in North America. The transaction closed on August 22, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York