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Deals of the month

See who has done the tax work on this month’s biggest deals.



Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Merger

$13 billion

Progressive Waste Solutions

Waste Connections

Stikeman Elliott: John Lorito; Weil, Gotshal & Manges

Locke Lord; Bennett Jones

Acquisition

$11.3 billion

Fortis

ITC Holdings Company

White & Case; Davies Ward Phillips & Vineberg

Simpson Thacher Bartlett

Acquisition

$6.4 billion

CPPIB

Asciaono

Stikeman Elliott

Acquisition

$6 billion

Ingram Micro

Tianjin Tianhai Invesment Company; HNA Group

Davis Polk & Wardwell: Rachel Kleinberg

Weil, Gotshal & Manges

Acquisition

$5.8 billion

Abbott Laboratories

Alere

Evercore; Kirkland & Ellis

Davis Polk & Wardwell; Cravath Swaine & Moore

Acquisition

$5.4 billion

Qingdao Haier

GE Appliances

Stikeman Elliott; White & Case

Sidley Austin

Merger

$3.4 billion

Huntington Bancshares Incorporated

FirstMerit Corporation

Wachtell, Lipton, Rosen & Katz; Joshua Holmes

Acquisition

$2.7 billion

Stryker Corporation

Madison Dearborn Partners; Sage Products

Davis Polk & Wardwell; Sullivan & Cromwell

Kirkland & Ellis; Madden, Jiganti, Moore & Sinars

Acquistion

$2.4 billion

The Empire District Electric Company

Algonquin Power & Utilities

Skadden, Arps Slate Meagher & Flom; Cahill Gordon & Reindel

Husch Blackwell

Acquistion

$2.3 billion

Lowe's Companies

Rona

Stikeman Elliott

Merger

$1.8 billion

Lockheed Martin Corporation; Information Systems & Global Solutions

Leidos Holdings

Davis Polk & Wardwell: Neil Barr, Kathleen Ferrell, Nicole Field and Aaron Weil

Skadden, Arps Slate Meagher & Flom

Acquisition

$1.5 billion

EQUATE Petrochemical Company

The Dow Company; ME Global

McCarthy Tetrault; Shearman & Sterling

Acquisition

$1.4 billion

Cisco Systems

Jasper Technologies from Temasek Holdings, Sequoia Capital, Integral Capital Partners, Crescendo Ventures Management, Bridgescale Partners, DAG Ventures and KPN Ventures

Fenwick & West: Andrew Kim, Ora Grinberg

Acquisition

$1.3 billion

Stryker Corporation

Physio-Control International

Skadden, Arps Slate Meagher & Flom: Kenneth Betts

Kirkland & Ellis

Acquisition of stake

$1.1 billion

Nippon Steel and Sumitomo Metal Corporation

Vallourec

Skadden, Arps Slate Meagher & Flom

Acquisition

$1 billion

Abertis Infraestruturas

Alberta Investment Management Corporation; Autopista Central de Chile

Stikeman Elliott

Acquisition of 13% ownership interest

$1 billion

Sumitomo Metal Mining

Freeport-McMoRan; Morenci unincorporated

Davis Polk & Wardwell

Acquisition

$895 million

TE Connectivity

Permira Funds; Creganna Medical

Davis Polk & Wardwell

Skadden, Arps Slate Meagher & Flom; Gavin White

Acquisition of 67% stake

$408 million

China Ming Yang Wind Power Group

China Ming Yang

Skadden, Arps Slate Meagher & Flom

Simpson, Thacher & Bartlett

Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Offering of common stock

$2.5 billion

Molson Coors Brewing Company

Anheuser-Busch InBev

Davis Polk & Wardwell: Alexander Wu

Notes offering of 5.819% by 2017

$1.4 billion

ConAgre Foods

Davis Polk & Wardwell: Gregory Hannibal

Notes offering of 4.45% by 2026

$900 million

Crown Castle International Corporation

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets, JP Morgan Securities

Skadden, Arps Slate Meagher & Flom



more across site & bottom lb ros

More from across our site

The Italian government published plans to levy capital gains tax on cryptocurrency transactions, while Brazil and the UK signed a new tax treaty.
Multinational companies fear the scrutiny of aggressive tax audits may be overstepping the mark on transfer pricing methodology.
Standardisation and outsourcing are two possible solutions amid increasing regulations and scrutiny on transfer pricing, say sources.
Inaugural awards announces winners
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.
Tax authorities and customs are failing multinationals by creating uncertainty with contradictory assessment and guidance, say in-house tax directors.
The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.