Deals of the week - September 3 2012

September 02 2012

Type of Deal	Value	Acquirer	Target	Adviser to acquirer (tax)	Adviser to target (tax)
Acquisition	$13.4 billion	China Telecom Corporation	CDMA network assets	Sullivan & Cromwell / Jingtian & Gongcheng / Freshfields Bruckhaus Deringer
Acquisition	$3.7 billion	Daikin Industries	Goodman Global	Davis Polk & Wardwell - Avishai Shachar	Simpson Thacher & Bartlett
Acquisition	$3.7 billion	M&T	Hudson City	Wachtell, Lipton, Rosen & Katz	Sullivan & Cromwell
Acquisition	$3.1 billion	Scotiabank	ING Direct Canada	Torys	Sullivan & Cromwell - Ronald Creamer / Norton Rose
Acquisition	$430 million	Sunovion Pharmaceuticals	Elevation Pharmaceuticals		Latham & Watkins - Laurence Stein
Acquisition	$253 million	Western Mining Group	Inter-Citic Minerals	Stikeman Elliott	Miller Thomson
Business Transfer Agreement	$200 million	Hospira	Orchid Pharma	Khaitan & Co / Baker & McKenzie	Latham & Watkins / Amarchand, Mangaldas & Co.
Acquisition	Undisclosed	GENIVAR	Smith Carter	Stikeman Elliott
Type of Deal	Value	Issuer/Borrower	Lead managers/arrangers	Adviser to issuer/borrower (tax)	Adviser to lead managers (tax)
Senior Notes Offering	$1 billion	LabCorp	Credit Suisse / Merrill Lynch	Hogan Lovells	Davis Polk & Wardwell - Michael Farber
PERLS VI Hybrid	$770 million	Commonwealth Bank of Australia	Morgan Stanley / ANZ Securities / Goldman Sachs / Macquarie Capital / RBS / Westpac	Freehills	King & Wood Mallesons

Topics

Direct Tax

more across site & shared bottom lb ros

More from across our site

Indirect Tax

Brazil tax money

Brazil’s tax reform: how the IBS impacts municipalities

Brazil’s shift to a nationwide consumption tax is more than conceptual; it fundamentally transforms municipal revenue, enforcement, and administrative disputes

Wesley Fragas, March 25 2026

Indirect Tax

CJEU image.jpg

‘Welcome clarification’: experts dissect CJEU loyalty programme VAT ruling

While some advisers praised the ruling’s definition of a ‘voucher’ for VAT purposes, a UK partner said the case left unanswered questions

Sam Sholli, March 25 2026

Direct Tax

Aerial view of Christ and Botafogo Bay from high angle.

Brazilian MNEs struggling to align pillar two with domestic tax incentives

While pillar two has been enacted on paper in Brazil, companies are encountering a range of practical compliance issues, ITR has heard

Sam Sholli, March 24 2026

Direct Tax

guinevere moore resized.jpg

Guinevere Moore on balancing tax litigation with childcare and ‘paying it forward’

Moore, founding partner of the Chicago tax boutique which bears her name, shares her career wisdom for ITR’s new Women in Tax interview series

March 24 2026

Direct Tax

Baker McKenzie

Clients considering US relocation following pillar two carve-out deal: Baker McKenzie

But partners at the firm admit that jumping ship to the US would not be as easy as some believe

Tom Baker, March 23 2026

Direct Tax

Artificial intelligence

A taxing week: AI is reshaping capital flows and toppling the old tax order

Governments are rewriting tax policy for the AI era, deploying digital taxes, tailored incentives and algorithmic enforcement that redefine where value is created

Teresa Owusu-Adjei, March 20 2026

Direct Tax

This week in tax: KPMG announces Gary Wingrove as new global chairman and CEO

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

Sam Sholli, March 20 2026

Transfer Pricing

‘Clear limitations’: Italian advisers differ on intra-group financing TP ruling

Partners are divided on Italy vs PDM D’s analytical depth, evidentiary standards, and what the judgment signals for future intra-group financing cases

Sam Sholli, March 19 2026

Direct Tax

Back office

Back office to backbone: tax risks of evolving global capability centres

As GCCs increasingly become strategic hubs, multinationals face heightened risks around permanent establishment and place of effective management

Mehul Jain, March 19 2026

Direct Tax

wopke hoekstra.jpg

‘Kept the family together’: EU tax chief praises US/OECD pillar two deal

While all options presented ‘drawbacks’, European Commission tax leader Wopke Hoekstra said the controversial US carve-out deal has ‘many benefits’

Sam Sholli, March 18 2026