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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 & bottom lb ros

More from across our site

David Pickstone and Anastasia Nourescu of Stewarts review the facts and implications of Ørsted’s appeal at the Upper Tribunal.
The Internal Revenue Service will lose the funding as part of the US debt limit deal, while Amazon UK reaps the benefits of the 130% ‘super-deduction’.
The European Commission wanted to make an example of US companies like Apple, but its crusade against ‘sweetheart’ tax rulings may be derailed at the CJEU.
The OECD has announced that a TP training programme is about to conclude in West Africa, a region that has been plagued by mispricing activities for a number of years.
Richard Murphy and Andrew Baker make the case for tax transparency as a public good and how key principles should lead to a better tax system.
‘Go on leave, effective immediately’, PwC has told nine partners in the latest development in the firm’s ongoing tax scandal.
The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
The US technology company is defending its past Irish tax arrangements at the CJEU in a final showdown that could have major political repercussions.