Mergers, Acquisitions & Divestitures. Legal news and articles for June 30 - 30, 2016

Energy Tax Extenders in FAA Bill UnlikelyHumana DealBall Corporation to divest 8 plants to complete acquisition of Rexam PLCAMC, Carmike Merger Vote DelayedFeds may block Anthem's bid to acquire Cigna45% Return With StarzAnthem-Cigna Meltdown Might Spark Deals for Smaller Health PlansVF Corp. Contemporary Brands Sale Applauded By Analysts, Pondering Next MoveLionsgate to Acquire Starz in $4.4 Billion DealDeutsche Borse Completes Sale of ISE to NasdaqAnthem Said to Face U.S. Skepticism Cigna Deal Can Be FixedNotable Mergers and Acquisitions 6/30: (LGF)/(STRZA) (IPHI)/(RMBS) (ONE) (OPK)/(TTHI) (VNET)AMC Entertainment Says It Might Walk From Carmike Deal As Vote Is Postponed- UpdateAlberta response to Redwater decision could chill oil and gas mergers, Dentons saysEDF plans to sell stake in RTE, value seen above $5.8 billion: sources

Top Picks in News

Nexstar enters agreement to sell WBAY-TV to Gray Television, Inc.
WBAYJune 3, 2016

subsidiary of Gray Television, Inc., NYSE: GTN) (“Gray”) for $270 million in cash following the acquisition of Media General by Nexstar. On January 27, 2016, Nexstar and Media General entered into a definitive merger agreement whereby Nexstar will ...more »

How Shell can save its mega-dividend
Interactive InvestorJune 3, 2016

"The BG acquisition should prove transformational and will move the project portfolio down the cost curve. We expect that significant incremental cost savings will be achieved post-merger, and that a successful divestiture process will underpin a $25 ...more »

Mergers, Acquisitions & Divestitures. News and Stories

Energy Tax Extenders in FAA Bill Unlikely
The National Law ReviewJune 30, 2016

... failed to include extensions for certain types of renewable energy property, including fuel cell power plants, stationary microturbine power plants, small wind energy property, combined heat and power system property, and geothermal heat pump property.more »

Humana Deal
Insider Louisville (press release) (registration)June 30, 2016

Some influential politicians and state medical associations have urged federal regulators to block Aetna's proposed acquisition of Humana. Seven U.S. senators recently wrote a letter to Renata Hesse, the principal deputy assistant attorney general in ...more »

Ball Corporation to divest 8 plants to complete acquisition of Rexam PLC
Legal News LineJune 30, 2016

Without the divestiture, the FTC charged, the proposed merger would lessen competition for standard 12-ounce cans in the South, Southeast, the Midwest and West. Additionally, the FTC alleges the proposed merger would lessen competition for specialty ...more »

AMC, Carmike Merger Vote Delayed
Wall Street JournalJune 30, 2016

Defending its offer has put AMC in the awkward position of having to point out the liabilities of the acquisition. In its statement Thursday, AMC countered that the price concerns didn't take into account divestitures and other regulatory requirements ...more »

Feds may block Anthem's bid to acquire Cigna
Milwaukee Journal SentinelJune 30, 2016

"Cigna has a very strong balance sheet so they need to deploy that and grow and offer upside to their stock," said Gupte, who gives Anthem's acquisition of Cigna less than a 50% chance to win regulatory approval. Anthem might need an acquisition to ...more »

45% Return With Starz
Seeking AlphaJune 30, 2016

Lions Gate (NYSE:LGF) is buying Starz (STRZA, STRZB) in a $4.4 billion cash and stock deal. STRZA holders get $18 in cash and 0.6784 LGF. The buyer is working with JP Morgan (NYSE:JPM), Bank of America (NYSE:BAC), Deutsche (NYSE:DB), and ...more »

Anthem-Cigna Meltdown Might Spark Deals for Smaller Health Plans
BloombergJune 30, 2016

“Cigna has a very strong balance sheet so they need to deploy that and grow and offer upside to their stock,” said Gupte, who gives Anthem's acquisition of Cigna less than a 50 percent chance to win regulatory approval. Anthem might need an acquisition ...more »

VF Corp. Contemporary Brands Sale Applauded By Analysts, Pondering Next Move
Footwear NewsJune 30, 2016

“Selling LSG would make strategic sense in our view as VF transitions its portfolio toward higher growth/higher margin businesses,” UBS Investment Bank analyst Michael Binetti said of the potential LSG divestiture in March. “We estimate imagewear has ...more »

Lionsgate to Acquire Starz in $4.4 Billion Deal
Hollywood ReporterJune 30, 2016

Lionsgate, which has a Canadian domicile, earlier confirmed negotiations with Starz as Liberty Media's Malone, who has a controlling stake in Starz, eyed a cross-border merger to avoid the U.S. tax net. ... "Additionally, the public discussion to date ...more »

Deutsche Borse Completes Sale of ISE to Nasdaq
Finance MagnatesJune 30, 2016

Germany-based exchange and clearing house operator, Deutsche Borse AG, today announced that it has completed the sale of International Securities Exchange Holdings Inc. (ISE) to Nasdaq today, as it finished its divestiture of ISE for $1.1 billion. In a ...more »

Anthem Said to Face U.S. Skepticism Cigna Deal Can Be Fixed
BloombergJune 30, 2016

3 official, in a bid to get their $48 billion deal approved and hear about the government's concerns, said the person, who spoke on the condition of anonymity because the merger review is confidential. The meeting had been expected. ... to their merger ...more »

Notable Mergers and Acquisitions 6/30: (LGF)/(STRZA) (IPHI)/(RMBS) (ONE) (OPK)/(TTHI) (VNET)
StreetInsider.comJune 30, 2016

"The strategic divestiture of our memory business allows Inphi to focus on and increase investments in our communications business," said Ford Tamer, president and CEO of Inphi. "It is a win-win for our employees, customers, partners ... Under the ...more »

AMC Entertainment Says It Might Walk From Carmike Deal As Vote Is Postponed- Update
DeadlineJune 30, 2016

A merger would turn AMC, controlled by China's Wanda Group, into the world's largest exhibition chain. ... He also noted “value leakage from regulatory driven theatre and other potential divestitures, tax implications regarding the receipt of National ...more »

Alberta response to Redwater decision could chill oil and gas mergers, Dentons says
Financial PostJune 30, 2016

According to a client bulletin from Dentons Canada LLP, the more burdensome LMR could potentially have a further chilling effect on acquisition and divestiture activity for the industry in general. Dentons also believes that it will “affect a number of ...more »

EDF plans to sell stake in RTE, value seen above $5.8 billion: sources
ReutersJune 30, 2016

New private investors will indirectly buy a stake in RTE through a holding company majority-owned by French state companies such as Caisse des Depots (CDC), EDF's merger and acquisitions chief Aymeric Ducrocq told EDF unions according to a document ...more »

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