Deals of the week - March 26 2012

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Deals of the week - March 26 2012

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$6.8 billion

United Parcel Service

TNT Express

Freshfields Bruckhaus Deringer - Machiel Lambooij, Job van der Pol

Allen & Overy

Acquisition

$6.15 billion

Glencore International

Viterra

King & Wood Mallesons - Justin Cherrington / Bennett Jones

Torys / Ashurst / Sidley Austin

Acquisition

$900 million

Richardson International

Viterra

Stikeman Elliott - John Lorito, Francesco Gucciardo

Acquisition

$623.1 million

Omega Pharma

GSK (European portfolio of Healthcare OTC products)

Hengeler Mueller / Slaughter & May / Bonelli Erede

Acquisition

$449 million

NEC

Convergys

Davis Polk & Wardwell - Avishai Shachar, Anthony Oliva

Wachtell, Lipton, Rosen & Katz - Deborah Paul, Rachel Carlton

Acquisition

$180 million

Zynga

OMGPOP

Cooleys

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Notes Offering

$2.5 billion

Rio Tinto

Citigroup / Credit Suisse / Deutsche Bank / J.P. Morgan / ANZ / Credit Agricole / Mitsubishi UFJ / SG Americas

Linklaters

Davis Polk & Wardwell - John Paton, Alon Gurfinkel

Notes Offering

$1.1 billion

Medtronic

Deutsche Bank / Merrill Lynch / UBS

Fredrikson & Byron

Davis Polk & Wardwell - Samuel Dimon, Juelle Gomes

Vendor Financing

$375 million

Telefónica

China Development Bank

White & Case / Uría Menéndez / De Brauw Blackstone Westbroek

Senior Notes Offering

$300 million

AK Steel

Merrill Lynch / J.P. Morgan / Citigroup / Credit Suisse / Deutsche Bank / Wells Fargo

Davis Polk & Wardwell - Samuel Dimon, Ethan Goldman

Common Units Offering

$288 million

AmeriGas

Wells Fargo / Barclays / Citigroup / Credit Suisse / Merrill Lynch / UBS

Morgan, Lewis & Bockius

Davis Polk & Wardwell - Neil Barr, Changsheng Song

Common Stock Offering

$145 million

XPO Logistics

Morgan Stanley / Deutsche Bank / Jefferies & Company

Cravath, Swaine & Moore

Davis Polk & Wardwell - Kathleen Ferrell, Isaac MacDonald

more across site & shared bottom lb ros

More from across our site

If Trump continues to poke the world’s ‘middle powers’ with a stick, he shouldn’t be surprised when they retaliate
The Netherlands-based bank was described as an ‘exemplar of total transparency’; in other news, Kirkland & Ellis made a senior tax hire in Dallas
Zion Adeoye, a tax specialist, had been suspended from the African law firm since October over misconduct allegations
The deal establishes Ryan’s property tax presence in Scotland and expands its ability to serve clients with complex commercial property portfolios across the UK, the firm said
Trump announced he will cut tariffs after India agreed to stop buying Russian oil; in other news, more than 300 delegates gathered at the OECD to discuss VAT fraud prevention
Taxpayers should support the MAP process by sharing accurate information early on and maintaining open communication with the competent authorities, the OECD also said
The Fortune 150 energy multinational is among more than 12 companies participating in the initiative, which ‘helps tax teams put generative AI to work’
The ruling excludes vacation and business development days from service PE calculations and confirms virtual services from abroad don’t count, potentially reshaping compliance for multinationals
User-friendly digital tax filing systems, transformative AI deployment, and the continued proliferation of DSTs will define 2026, writes Ascoria’s Neil Kelley
Case workers are ‘still not great’ but are making fewer enquiries, making the right decision more often and are more open to calls, ITR has heard
Gift this article