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Rogers Communications succeeded in extending a deadline to buy back $9.33bn?of bonds, overcoming objections from some investors about the terms of the deal.
The Toronto-based cable and wireless firm got approval from investors holding a majority of eight US and Canadian dollar bond securities to extend the deadline to complete its acquisition of Shaw Communications to December 2023, the company said in a statement. Under the original terms of the bonds, Rogers would have to repay the securities at $1.01 on the dollar if the $15.5bn?deal isn’t done by the end of this year,?Bloomberg ?reported.
Shaw (led by Brad Shaw) is advised by CIBC , TD Securities , Burnet, Duckworth & Palmer LLP (led by Grant Zawalsky ), Davies Ward Phillips & Vineberg LLP (led by Vincent Mercier and Brett Seifred ), Dentons (led by Bill Jenkins and Bill Gilliland, LLB, ICD.D ) and Wachtell, Lipton, Rosen & Katz (led by Adam Emmerich and Mark Stagliano ). Financial advisors to Shaw are?advised by Osler, Hoskin & Harcourt LLP . Rogers (led by Joe Natale ) is advised by 美国银行 , Barclays , Cravath, Swaine & Moore LLP (led by Erik Tavzel), Goodmans LLP (led by Dale H. Lastman, C.M., O.Ont. ) and Torys LLP (led by Richard Willoughby ). Financial advisors to Rogers are advised by Davis Polk & Wardwell LLP , Latham & Watkins and McCarthy Tétrault (led by Richard Higa ).
微软 ’s planned $68.7bn purchase of videogame maker Activision Blizzard will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns.?
The Competition and Markets Authority said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave Microsoft a September 8 deadline to come to an acceptable agreement with the agency,?Mint ?reported.
“We are concerned that Microsoft could use its control over popular games like Call of Duty and World of Warcraft post-merger to harm rivals, including recent and future rivals in multi-game subscription services and cloud gaming," Sorcha O’Carroll, CMA Senior Director of Mergers.
Activision Blizzard (led by Bobby Kotick ) is advised by Allen & Company LLC. , 摩根士丹利 , Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Kenton King ) and Sard Verbinnen & Co (led by Paul Verbinnen ). Financial advisors to Activision Blizzard are advised by White & Case LLP (led by Denise Cerasani). Microsoft (led by Satya Nadella ) is advised by 高盛 (led by Sam Britton ), Osler, Hoskin & Harcourt LLP , Sidley Austin LLP (led by Robert Keeling ), Simpson Thacher & Bartlett LLP (led by Alan M. Klein , Anthony Vernace and William Allen ), Weil, Gotshal & Manges LLP (led by Michael Moiseyev ) and Assembly Media, Inc .
Centennial Resource Production, LLC , an independent oil and natural gas company focused on the development of oil and associated liquids-rich natural gas reserves in the Permian Basin, completed the merger with Colgate Energy , a privately held, independent oil and natural gas company, in a $5.3bn deal.
"This transformative combination significantly increases scale and drives accretion across all our key financial and operating metrics. Colgate's complementary, high-margin assets are a natural fit for Centennial, creating the largest pure-play E&P company in the Delaware Basin. Importantly, the combined company is expected to provide shareholders with an accelerated capital return program through a fixed dividend coupled with a share repurchase plan. We are excited to partner with Colgate as we share a common vision for the pro forma company that includes a strong balance sheet, a disciplined investment program to drive cash flow and a robust return-of-capital program," Sean Smith, Centennial CEO.
Colgate Energy (led by Will Hickey and James Walter ) was advised by 瑞信 , Jefferies and Kirkland & Ellis (led by Sean T. Wheeler ). Centennial (led by Sean Smith) was advised by 花旗 and Latham & Watkins (led by Ryan Maierson ). Citigroup was advised by White & Case LLP (led by Denise Cerasani).
The UK Competition and Markets Authority completed the review of the the $4.3bn merger of oil exploration firms Maersk Drilling and Noble Corporation . CMA published its decision not to refer the business combination for further in-depth Phase 2 review.
The CMA announced that it has accepted legally binding undertakings from Noble and Maersk Drilling. These undertakings require Noble to divest the Remedy Rigs, and related offshore and onshore personnel and assets and related operations, to a subsidiary of Shelf Drilling. The acceptance of these undertakings means that the CMA has decided not to refer the Business Combination for an in-depth Phase 2 review and completes the CMA's review of the Business Combination.
Maersk Drilling (led by Jorn Madsen ) is advised by J.P. 摩根 , Davis Polk & Wardwell LLP (led by Will Pearce ) and Gorrissen Federspiel . JP Morgan is advised by Cravath, Swaine & Moore LLP (led by Minh Van Ngo and Andrew Wark ). Noble (led by Robert Eifler ) is advised by DNB , Ducera Partners LLC , Kirkland & Ellis (led by @Douglas Bacon), Plesner (led by Thomas Holst Laursen ) and Travers Smith (led by RICHARD SPEDDING ). Financial advisors to Noble are advised by Morrison Foerster (led by Spencer Klein ).?
Permira , a private equity firm, completed the acquisition of Kedrion Biopharma , a provider of plasma-derived therapies, and Bio Products Laboratory Limited , a manufacturer of a wide range of products from blood plasma, in a?$2.7bn deal. The merger of Kedrion and Bio Products Laboratory was also supported by investments from the Marcucci Family, Abu Dhabi Investment Authority (ADIA) and Ampersand Capital Partners .
"We're honored to be partnering with the Marcucci Family on this exciting project that brings together two high-quality players – Kedrion and BPL – in the plasma-derived therapeutics space, a growing industry with an important unmet patient demand. This investment fits squarely within the Specialty Pharma segment of our strategy: backing highly specialized platforms in attractive and resilient therapeutic areas. Together, the two companies will have an exciting portfolio of pharmaceutical products aimed at helping patients with compromised immune systems or bleeding disorders and we look forward to working with the teams to build a leading rare disease specialist platform with a deep commitment to its patients and donors," Silvia Oteri, Permira Head of Healthcare.
Kedrion (led by Val Romberg ) was advised by Jamieson Corporate Finance (led by Stuart Coventry ), Lazard , Natixis Partners (led by Giulio Rolandino), Carnelutti Law Firm (led by Filippo Grillo ) and PEDERSOLI STUDIO LEGALE (led by Alessandro Marena ). Bio Products Laboratory (led by Mark Webster) was advised by 美国银行 and Goodwin (led by Carl Bradshaw ). The Marcucci family was advised by Terzi&Partners and Studio Legale Associato Carnelutti . Permira (led by Silvia Oteri ) was advised by Alvarez & Marsal , 安永 , 摩根士丹利 , Giliberti Triscornia e Associati (led by Riccardo Coda ), Latham & Watkins (led by Tom Evans ) and Maisto e Associati (led by Stefano Tellarini ).
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