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Finance & Banking

BlackBerry Enters Into Agreement with Consortium led by Fairfax Financial

25 Sep 2013

Davis Polk is advising J.P. Morgan, as financial adviser to BlackBerry Limited, in connection with its agreement with Fairfax Financial Holdings Limited which contemplates a consortium led by Fairfax acquiring all of Blackberry in a transaction that would value Blackberry at $4.7 billion. Fairfax currently owns approximately 10% of BlackBerry’s common shares. The transaction, which is subject to conditions, permits Blackberry to undertake a go-shop process to determine if there are alternatives superior to the transaction with Fairfax.

WFW in association with Lau, Leong & Co. advises ICBC Financial Leasing Co. Ltd. on the sale and leaseback of 51 ships to Bourbon

25 Sep 2013

Watson, Farley & Williams (“WFW”), practicing in Hong Kong in association with Lau, Leong & Co., is pleased to announce that it has advised Chinese ICBC Financial Leasing Co. Ltd in relation to the long term sale and lease back of 51 offshore supply vessels with the French offshore oil and gas conglomerate, Bourbon.

Simpson Thacher Represents Sumitomo Mitsui Trust Bank in its US$1 Billion Guaranteed Senior Notes Offering

24 Sep 2013

The Firm recently represented Sumitomo Mitsui Trust Bank, Limited in connection with a Rule 144A and Regulation S offering of US$500 million aggregate principal amount of Senior Floating Rate Notes due 2016 and US$500 million aggregate principal amount of 2.95% Senior Notes due 2018, guaranteed by its parent company, Sumitomo Mitsui Trust Holdings, Inc. Goldman, Sachs & Co., J.P. Morgan, Citigroup and Daiwa Capital Markets Europe were the joint lead managers for the offering.

Firm Represents Underwriters on the HK$1.58 Billion (US$203 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering by Tenwow International Holdings Limited

24 Sep 2013

The Firm represented Deutsche Bank, HSBC and China International Capital Corporation as underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Tenwow International Holdings Limited (Tenwow International). Tenwow International offered an aggregate of 500,000,000 ordinary shares, which raised approximately HK$1.58 billion (approximately US$203 million) in gross proceeds. Tenwow International is a leading food and beverage producer and one of the largest distributors of packaged food and beverages in China.

Simpson Thacher Represents J.P. Morgan, Financial Advisor to Boise Inc., in Packaging Corp. of America’s Announced Acquisition of Boise for Approximately $2 Billion

24 Sep 2013

Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Boise Inc. (“Boise”) in connection with Packaging Corp. of America’s (“PCA”) announced acquisition of Boise Inc. for $12.55 per share in a deal valued at about $1.995 billion, including $714 million of Boise debt.

Bird & Bird advises Earthport Plc on their offer to acquire FX trading company Baydonhill Plc

24 Sep 2013

Bird & Bird today announces that its Corporate team is advising Earthport Plc on its offer to acquire London based BRITDAQ traded company Baydonhill plc.

Earthport plc is a global financial services company providing a cross border payments service in over 50 countries and territories worldwide. The company is listed on AIM, and has been trading since January 2001.

Shearman & Sterling Advises on ONEOK’s $1.25 Billion Notes Offering

24 Sep 2013

Shearman & Sterling represented RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Deutsche Bank Securities Inc. as joint book-running managers and representatives of the several underwriters in connection with a shelf takedown of $425 million of 3.200% Senior Notes due 2018, $425 million of 5.000% Senior Notes due 2023 and $400 million of 6.200% Senior Notes due 2043, issued by ONEOK Partners, L.P. and guaranteed by ONEOK Partners Intermediate Limited Partnership.

Shearman & Sterling Advises on $300 Million Notes Offering by Ancestry.com Holdings

24 Sep 2013

Shearman & Sterling represented Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and RBC Capital Markets, LLC as the initial purchasers in connection with a Rule 144A/Regulation S offering by Ancestry.com Holdings LLC of $300 million aggregate principal amount of 9.625% and 10.375% Senior Notes due 2018. The proceeds from the offering will be used to pay cash dividends on, and/or make other payments related to, the equity interests of Ancestry.com Holdings or its subsidiaries.