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Paul Weiss hires top M&A lawyer Jim Langston. (People)
Prada heir says?group?always?looking for M&A opportunities.
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The European Union cleared US Steel's?$14.9bn buyout by Japan's Nippon Steel Corporation ?on May 6, allaying competition concerns from a deal that has drawn political opposition in the United States, Reuters reported.?
The approval by the European Commission was expected to be a?formality?but in the US, the deal is facing resistance from several lawmakers worried about national security and US Steel's union, which is concerned about job losses.
Nippon Steel?is advised by 花旗 , Ropes & Gray LLP (led by Ariel Deckelbaum and Suni Sreepada ), and Teneo (led by Robert Mead ). US Steel is advised by Barclays (led by Daniel Grabos ), Evercore (led by Bill Anderson, John Startin , and Damien Fisher ), 高盛 , Milbank LLP (led by Bob Kennedy and Iliana Ongun ), Wachtell, Lipton, Rosen & Katz (led by Josh Cammaker and Jenna E. Levine), and Joele Frank (led by Kelly Sullivan and Ed Trissel ).?
The board of Banco Sabadell , a Spanish banking group, rejected the $12.9bn all-share merger offer from BBVA , a Spanish multinational financial services company.
The board said it believed?BBVA's?proposal significantly undervalues the potential of Banco Sabadell and its growth prospects, calling the offer unsolicited.?
SoftBank Group Corp. , a Japanese multinational investment holding company, led a $1.05bn Series C round in Wayve , a developer of embodied intelligence for autonomous vehicles, with participation from 英伟达 and 微软 .
"At Wayve, our vision is to develop autonomous technology that not only becomes a reality in millions of vehicles but also earns?people's?trust by seamlessly integrating into their everyday lives to unlock extraordinary value. This significant funding milestone highlights our?team's?unwavering conviction that Embodied AI will address the long-standing challenges the industry has faced in scaling this technology to everyone, everywhere,"?Alex?Kendall, Wayve Co-Founder and CEO.
Paul Weiss hires top M&A lawyer Jim Langston. (People)
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced that James Langston has joined the firm as a partner in the Mergers & Acquisitions practice in the Corporate Department, resident in New York. Langston focuses his practice on public and private merger and acquisition transactions, activist?defense?M&A, and corporate governance. He is joining from rival firm Cleary Gottlieb Steen & Hamilton LLP .
"Jim is an M&A superstar.?Jim's?arrival further secures our place at the top of the public M&A marketplace.?Jim's?vast experience on major deals will?serve as?a tremendous asset to our market-leading clients on their most critical transactions,"?Brad?S. Karp, Paul Weiss Chairman.
Prada heir says?group always?looking for M&A opportunities.
Italian luxury Prada Group is always looking?out?for?acquisition opportunities, Lorenzo Bertelli, son of the?group's?founders said, Reuters reported.
"The Prada group is and will always be looking around for opportunities",?Bertelli, who serves as?Prada's?marketing director?said,?when?asked whether the group was interested in acquiring Armani or other brands.
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