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Germany said to discuss a $21bn power grid deal with TenneT.
Japan Post considers selling $9bn worth stake in banking arm.
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As Rogers Communications ong-delayed takeover of Shaw Communications nears its final hurdle, bankers, lawyers and shareholder advisors are preparing to finally pocket a $75m fee from the bitterly contested deal.
And in a rare twist, the lawyers are expected to pocket more of the total fees than the bankers, who normally benefit the most from outsized transactions. The deal is among the biggest fee events in Canadian M&A history, and it would land banks involved with 5% to 10% of their annual investment banking fees,?Reuters?reported.
Shaw is advised by CIBC Capital Markets , TD Securities , Burnet, Duckworth & Palmer LLP (led by? Grant Zawalsky ), Davies Ward Phillips & Vineberg LLP (led by? Brett Seifred ?and? Vince Mercier ), Dentons (led by? Bill Gilliland, LLB, ICD.D ?and? Bill Jenkins ) and Wachtell, Lipton, Rosen & Katz (led by? Mark Stagliano ?and? Adam Emmerich ). Financial advisors are advised by Osler, Hoskin & Harcourt LLP . Rogers is advised by 美国银行 , Barclays , Cravath, Swaine & Moore LLP (led by? Joe Zavaglia ,? Michael S. Goldman ,? Andrew Elken ,?and? Erik Tavzel ), Goodmans LLP (led by? Dale H. Lastman, C.M., O.Ont. ), and Torys LLP (led by? Richard Willoughby ). Financial advisors are advised by Davis Polk & Wardwell LLP , Latham & Watkins , and McCarthy Tétrault (led by? Richard Higa ).
微软 President Brad Smith will seek to convince EU antitrust regulators at a closed hearing that the US software giant's $69bn bid for "Call of Duty" maker Activision Blizzard will boost competition.
Smith will lead a delegation of 18 senior executives, including Microsoft Gaming Chief Executive Officer Phil Spencer, while Activision will be represented by its CEO Robert Kotick,?Reuters?reported.
Activision Blizzard is advised by Allen & Company LLC. (led by? Nancy Peretsman ), 摩根士丹利 (led by? Anthony Armstrong ), Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by? Sonia Nijjar ?and? Kenton King ), 博然思维集团 (led by? Jonathan Doorley ) and FGS Global (led by? Paul Verbinnen ). Financial advisors are advised by White & Case LLP (led by?Denise Cerasani). Microsoft is advised by 高盛 (led by? Sam Britton ), Osler, Hoskin & Harcourt LLP , Sidley Austin LLP , Simpson Thacher & Bartlett LLP (led by? William Allen ,? Anthony Vernace ?and? Alan M. Klein ), Weil, Gotshal & Manges LLP (led by? Michael Moiseyev ) and Assembly Media, Inc .?
Life Storage 's board rejected the unsolicited proposal from rival Public Storage , saying the offer "significantly undervalues" the company as well as its prospects for future growth.
"The board believes Life Storage will deliver greater risk-adjusted total shareholder returns as a standalone company than through the proposed transaction. The board is always open to and regularly evaluates opportunities to enhance shareholder value and will consider any proposal that appropriately values the company and its prospects," Mark G. Barberio, Life Storage Non-Executive Chairman.
Life Storage is advised by 富国银行 , 霍金路伟 , Innisfree M&A Incorporated (led by? Scott Winter ) and Joele Frank (led by? Andrew Siegel and? Dan Moore ). Public Storage is advised by 高盛 , Wachtell, Lipton, Rosen & Katz (led by? Adam Emmerich ?and? Viktor Sapezhnikov ) and Kekst CNC (led by? Jeremy Fielding ).
Germany said to discuss a $21bn power grid deal with TenneT.
Germany's government is in talks to pay more than $21bn for the local unit of power grid operator TenneT in a deal that could mark the starting point for a consolidation of the country's power grids,?Bloomberg?reported.
Officials are hashing out the structure of a potential deal with Dutch state-controlled TenneT, and negotiations could take several months. The deal would come on top of an equity need of about $16bn to upgrade the net.
Japan Post considers selling $9bn worth stake in banking arm.
日本郵便株式会社 is considering cutting its stake in its Japan Post Bank business by around a third by the end of next month, in a share sale potentially worth nearly $9bn,?DealStreetAsia?reported.
The postal giant is considering selling the shares by the end of the current financial year that ends in March and is expected to take a decision shortly, based on market conditions.
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