Deals of the week - March 26 2012

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

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

Countries which care about fair taxation of tech multinationals and equitable global distribution of wealth should back the UN’s tax framework, writes economist Abdelmalek Riad
The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m acquisition of Baker Tilly South East Europe
The plan aims to improve the efficiency, transparency, and effectiveness of direct tax administration in India
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency
Historically low levels of attrition over consecutive years made a ‘difficult decision’ necessary, PwC has reportedly said
WTS Global is also vetting new potential member firms in Algeria, Cote D’Ivoire and Benin, Kelly Mgbor tells ITR in an exclusive interview
The scope of qualifying pillar two tax credits could reportedly be broadened; in other news, hundreds of IRS appeals staff are to resign
For many taxpayers, the prospect of long-term certainty that a bilateral APA offers can override concerns about time, cost and confidentiality
Levine, who served under the Joe Biden administration, led the US’s negotiations on the OECD’s two-pillar solution
Gift this article