Simpson Thacher is representing LINC Logistics Company and its owner, the Moroun Family, in connection with its sale to Universal Truckload Services, Inc. (NASD: UACL) in a stock-for-stock transaction valued at approximately $335 million, including the assumption of debt. The combination of Universal and LINC will create one of the largest full-service, asset-light logistics platforms in North America (more…)
Davis Polk advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with the $332 million SEC-registered follow-on offering of 11,744,064 shares of common stock of Splunk Inc. sold by certain selling stockholders. The common stock is listed on the Nasdaq Global Select Market under the symbol “SPLK.” (more…)
Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. as joint book-running managers in connection with the $300 million initial public offering of 7,130,000 shares of common stock of Palo Alto Networks, Inc. (including 930,000 shares subject to the underwriters’ over-allotment option) at $42.00 per share. Of these, Palo Alto Networks sold 5,617,259 shares and stockholders sold 1,512,741 shares (more…)
A team of Goodwin Procter attorneys advised Outright, a cloud-based financial management application company, in its recent acquisition by Go Daddy, the world’s largest Web hosting provider. Terms of the deal were not disclosed (more…)
Cooley LLP announced today that it is advising Peet’s Coffee & Tea, Inc. in its sale to Joh. A. Benckiser (JAB). JAB has agreed to acquire Peet’s for $73.50 per share in cash, or a total of approximately $1 billion. The transaction is expected to close in approximately three months, subject to customary closing conditions, including receipt of shareholder and regulatory approvals (more…)
In a US International Trade Commission (ITC) action brought against client MediaTek Inc, Asia’s largest fabless semiconductor company, a WilmerHale trial team secured a significant victory (more…)
O’Melveny & Myers LLP represented Palo Alto Investors and Sofinnova Ventures in their co-investment with New Enterprise Associates in the US$40 million Series A Convertible Preferred Stock financing of Alimera Sciences. The closing of the financing is subject to customary closing conditions (more…)
The global law firm Jones Day has announced that Neal Stephens and Greg Chin have joined the firm as partners in the Silicon Valley Office (more…)
King & Spalding has recruited veteran patent litigator William F. Abrams to add first-chair intellectual property litigation experience and boost expansion efforts in its Silicon Valley office, the firm announced today (more…)
Womble Carlyle announced today that Behrooz Shariati has joined the firm’s Silicon Valley office as a partner in the Intellectual Property Group. Shariati’s patent and copyright litigation practice focuses on software, computer hardware, networking technologies and industry standards (more…)
Davis Polk advised Ultra Clean Holdings, Inc. in connection with its acquisition of American Integration Technologies LLC for approximately $74 million in cash (excluding working capital adjustments) and the issuance of 4.5 million shares of Ultra Clean’s common stock. Upon the closing of the acquisition on July 3, 2012, American Integration became a subsidiary of Ultra Clean (more…)
Shearman & Sterling represented Francisco Partners in the acquisition of Plex Systems, Inc. from a group of shareholders led by affiliates of Apax Partners. Financial terms of the transaction were not disclosed (more…)
