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

Governments are rewriting tax policy for the AI era, deploying digital taxes, tailored incentives and algorithmic enforcement that redefine where value is created
Wingrove will succeed Bill Thomas, who has served in the role since 2017; in other news, Andersen unveiled a sharp increase in revenues for 2025
Partners are divided on Italy vs PDM D’s analytical depth, evidentiary standards, and what the judgment signals for future intra-group financing cases
As GCCs increasingly become strategic hubs, multinationals face heightened risks around permanent establishment and place of effective management
While all options presented ‘drawbacks’, European Commission tax leader Wopke Hoekstra said the controversial US carve-out deal has ‘many benefits’
From tech preparations to competitiveness concerns, Tax Systems’ Russell Gammon addresses the most pressing client considerations arising from the SbS deal
Despite estimates that the US/OECD agreement will cost countries billions, the Fair Tax Foundation’s Paul Monaghan believes the deal is a ‘necessary evil’
The firm’s eye-catching UK launch is a major statement of intent, but it will face stern opposition in its quest to be the top global tax player
The postponement came after industry representatives flagged implementation issues with the registration regime; in other news, firms made key tax partner additions
Despite the increased yield, the time taken to resolve enquiries was at a six-year high, new HMRC statistics have revealed
Gift this article