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Toronto- Dominion Bank 's $13.4bn acquisition of First Horizon Bank may be delayed even more than the Canadian lender projected last month,?Bloomberg?reported. Shares of the Memphis, Tennessee-based bank slumped.
First Horizon was told by Toronto-Dominion that it doesn't expect to receive the necessary regulatory approvals by May 27 — as it had projected in early February — and that it can't provide a new projected closing date.
First Horizon is advised by 摩根士丹利 and Sullivan & Cromwell LLP (led by?H. Rodgin Cohen). Morgan Stanley is advised by Davis Polk & Wardwell LLP . TD is advised by J.P. 摩根 , TD Securities , Simpson Thacher & Bartlett LLP (led by? Lee Meyerson ), Torys LLP (led by? Leah Frank ,? Karrin Powys-Lybbe ?and? Blair Keefe ) and FGS Global (led by? Paul Verbinnen ).
Columbia Banking System Inc , the parent company of Columbia State Bank , completed the merger with Umpqua Holdings, the parent company of Umpqua Bank , in an $8.2bn deal.
"Today marks the beginning of an exciting new chapter for our company. We have tremendous opportunity to deliver enhanced shareholder returns by building upon our combined bank's commitment to the success and prosperity of all our stakeholders," Cort O'Haver, Umpqua President and CEO.
Umpqua was advised by J.P. 摩根 (led by? Anu Aiyengar ), Wachtell, Lipton, Rosen & Katz and Joele Frank (led by?Steve Frankel?and? Jamie Moser ). JP Morgan was advised by Simpson Thacher & Bartlett LLP . Columbia Banking was advised by KBW and Sullivan & Cromwell LLP .
The UK’s Competition and Markets Authority has provisionally cleared US satellite company Viasat ’s $7.3bn takeover of UK rival Inmarsat following an in-depth review.
The CMA said that while the two companies compete closely in the aviation sector - specifically in the supply of satellite connections for onboard wifi - the deal does not substantially reduce competition for services provided on flights used by UK customers.
The watchdog pointed out that the sector is expanding rapidly, and said this is a trend that is expected continue. It added that as the sector grows, airlines will have more options to choose from when selecting a provider for on-board wifi services.
Inmarsat is advised by Barclays (led by?Osvaldo Ramos), J.P. 摩根 , Trinity Advisors Corporation, Clifford Chance (led by?David Lewis clifford), Kirkland & Ellis (led by? Rory Mullarkey ), Steptoe LLP , Kekst CNC (led by? Oliver Mann ) and Teneo . Viasat is advised by PJT Partners , Latham & Watkins (led by? Craig Garner ), 年利达 and 博然思维集团 .
KKR , an investment firm, completed the acquisition of LOGISTEED Europe B.V. , a supplier of logistics services, for $6bn.
"We are pleased to have this opportunity to invest in Hitachi Transport System, a pioneer in the Japanese 3PL market that has provided innovative logistics and supply chain solutions for many years. We look forward to utilizing KKR's global network and expertise to accelerate Hitachi Transport System's next phase of growth and help the company achieve its goal of becoming the leading 3PL company in Asia through technology enablement and inorganic growth in a collaborative manner," Hiro Hirano, KKR Co-Head of Asia Pacific Private Equity.
Hitachi was advised by 摩根士丹利 , 瑞银集团 and Nishimura & Asahi (led by? Shiga Yuji ,? Jiro Abe ?and? Takeshi Nemoto ). KKR was advised by 美国银行 , 三井住友银行 , Mori Hamada & Matsumoto (led by? Tomohiro Tsuchiya ), Simpson Thacher & Bartlett LLP (led by? Ian Ho ), Community (led by? Auro Palomba ) and FGS Global (led by? Ronald Low ?and? Genevieve White ).
IKAV Group , an international asset management group, completed the acquisition of Aera Energy LLC , an oil and gas producer, from 埃克森美孚 , an international energy and petrochemical company, and 壳牌 , a global group of energy and petrochemical companies, for $4bn.
"In addition to our long-term goal and commitment to renewable energy, we recognize the continued need for oil and gas and for these assets to be operated safely and responsibly to facilitate a smooth and sustainable transformation of our energy supply. We advocate a co-existence between renewable and conventional energy for decades to come. Aera fits our philosophy, and we are excited to be working with its exceptional team, who share our culture and long-term ambitions," Constantin von Wasserschleben, IKAV Chairman.
IKAV was advised by 花旗 , Truist Securities , 富国银行 and Haynes and Boone, LLP . Shell was advised by J.P. 摩根 .?
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