The Firm is representing Tekelec Global, Inc. (“Tekelec”) in its announced acquisition by Oracle Corporation (NASDAQ: ORCL). In connection with the acquisition, Oracle plans to integrate Tekelec’s solutions into its Communications portfolio, which will enable service providers to improve operations and control network resources. Terms of the agreement were not disclosed. The close of the transaction is subject to customary closing conditions and approvals (more…)
Davis Polk advised Comcast Corporation and NBCUniversal Media, LLC in connection with the cross-guarantee by Comcast and certain of its cable holding companies of NBCUniversal’s $11 billion of public debt securities and by NBCUniversal of Comcast’s and the cable guarantors’ $30 billion of public debt securities and Comcast’s $6.25 billion credit facility. Following Comcast’s announcement that it would acquire General Electric Company’s 49% stake in NBCUniversal and that it would include NBCUniversal in the cross-guarantee structure, Standard & Poor’s upgraded all of Comcast’s and NBCUniversal’s public debt securities from BBB+ to A- and Moody’s Investors Service upgraded Comcast’s public debt securities from Baa1 to A3 and NBCUniversal’s public debt securities from Baa2 to A3 (more…)
Shearman & Sterling is advising TIBCO Software Inc. in its acquisition of Maporama Solutions SAS, a French company engaged in providing geocentric mapping solutions and services (more…)
Continuing with its plan for strategic growth, Novak Druce Connolly Bove + Quigg LLP, the IP super boutique, announced that Bret Bocchieri has joined the firm as a partner on March 26. He will practice out of the firm’s Los Angeles office where he will concentrate on intellectual property litigation, including cyber piracy and trade secret litigation, as well as antitrust and other complex litigation (more…)
Davis Polk Advises Citigroup in Connection with Amending and Restating Eastman Kodak Company’s Debtor-In-Possession Revolving Credit Facility (more…)
Davis Polk advised Comcast Corporation, NBCUniversal Media, LLC and NBCUniversal Enterprise, Inc. in connection with the issuance and sale of $4 billion aggregate principal amount of senior notes and $725 million aggregate liquidation preference of Series A cumulative preferred stock of NBCUniversal Enterprise, Inc. The notes are guaranteed by Comcast and certain of its cable subsidiaries that guarantee Comcast’s publicly traded debt securities. The notes and the preferred stock were issued in connection with Comcast’s acquisition on March 19, 2013, of the 49% common equity interest in NBCUniversal, LLC held by General Electric Company (GE). Sales of the notes and preferred stock were made in separate private placements pursuant to Rule 144A (more…)
Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $250 million in aggregate principal amount of 4.10% first-mortgage bonds due 2043. The joint book-running managers were BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated (more…)
Davis Polk advised Leerink Swann LLC as the sole book-running manager in connection with an SEC-registered offering of 2,300,000 shares of common stock of Cardiovascular Systems, Inc. (CSI), including 300,000 shares from the exercise of the underwriters’ over-allotment option. The gross proceeds from the offering were approximately $38 million (more…)
Shearman & Sterling represented Goldcorp Inc. in connection with a registered shelf takedown of $500 million aggregate principal amount of 2.125% Notes due 2018 and $1.0 billion aggregate principal amount of 3.700% Notes due 2023 (more…)
Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to welcome Frank Tobin as a shareholder in its San Diego office. Tobin joins Ogletree Deakins from Procopio, Cory, Hargreaves & Savitch LLP where he was a partner. Tobin is a litigator who has tried approximately 20 trials, including serving as the lead counsel in both jury and bench trials and arbitrations. His labor and employment litigation practice focuses on ERISA breach of fiduciary duty, contract disputes, unfair competition, wrongful termination, and trade secret matters. He also has significant experience with healthcare litigation and counseling and defending class action lawsuits. Tobin’s arrival signals growth in the firm’s San Diego office which opened in January. It also continues the firm’s strategic expansion in California where Ogletree Deakins has attracted and retained several highly regarded shareholders (more…)
Continuing with its planned strategic growth, Novak Druce Connolly Bove + Quigg LLP, the IP super boutique, announced that Pamela K. Fulmer joined the firm as a partner on March 18th. She will practice out of the firm’s San Francisco and Silicon Valley offices where she will concentrate on intellectual property litigation as well as disputes related to trade secrets, unfair competition, licensing and other complex issues (more…)
Davis Polk advised J.P. Morgan Securities LLC as sole book-running manager and representative of the underwriters of a $149 million SEC-registered offering of 1,725,000 shares of common stock of HeartWare International, Inc., including 225,000 shares from the exercise of the underwriters’ over-allotment option. Canaccord Genuity Inc., Credit Suisse Securities (USA) LLC and Lazard Capital Markets LLC acted as co-managers of the offering (more…)
