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  • May 22, 2008 |

    US heavyweights lead $9bn Time Warner cable sale

    Cravath Swaine & Moore and Paul Weiss Rifkind Wharton & Garrison have bagged lead roles on the divestment by by Time Warner of its cable division in a $9.25bn deal, as the US media giant moves to refocus on its core television network, film and publishing operations. Time Warner - the world's largest media conglomerate - is being advised on the spin-off of Time Warner Cable by longstanding counsel Cravath, with corporate partners Richard Hall, Stephen Burns and Eric Schiele leading the deal team. Also involved for the elite Manhattan firm are finance partner Timothy Massad, tax department chair Stephen Gordon, tax partner Lauren Angelilli and employee benefits partner Eric Hilfers.

    1 minute read

  • May 16, 2008 |

    Veteran Skadden chief Sheehan to step down

    Skadden Arps Slate Meagher & Flom has announced that executive partner Bob Sheehan is to step down in April 2009, after 15 years in the US giant's top management role. The 43-year-old New York M&A partner Eric Friedman will take over when Sheehan stands down at the end of his third five-year term.

    1 minute read

  • May 15, 2008 |

    Two deals in a day for Skadden's Tindell

    Monday was a busy day for Skadden Arps Slate Meagher & Flom corporate partner Jeffrey Tindell, writes The American Lawyer. The 58-year-old M&A specialist was the lead deal lawyer for DRS Technologies in its $5.2bn (£2.67bn) acquisition by Italian defense contractor Finmeccanica and for Comtech Telecommunications on its $224m (£115.1m) acquisition of fellow telecoms group Radyne. Both deals were announced on May 12.

    1 minute read

  • May 14, 2008 |

    Skadden secures €1.3bn rights issue role for Portuguese bank

    Skadden Arps Slate Meagher & Flom's London arm has advised Banco Comercial Portugues (BCP) on its €1.3bn (£1.03bn) rights issue. London capital markets partner James Healy led the Skadden team on the capital raising, which closed on 6 May. BCP, the largest Portuguese bank listed on the Euronext 100 index, has used Skadden on other corporate transactions in the past but has also turned to firms including Allen & Overy (A&O) and Freshfields Bruckhaus & Deringer.

    1 minute read

  • May 8, 2008 |

    Skadden non-dom view costs Treasury $70k

    The Treasury has agreed to pay Skadden Arps Slate Meagher & Flom $70,000 (£35,000) in fees for advice on its controversial tax changes for non-domiciles. The US firm was hired to provide an opinion - released with the Budget - on whether or not US non-doms should be able to claim the new £30,000 tax charge back against their US tax bills.

    1 minute read

  • May 7, 2008 |

    Skadden promotes 39 to counsel status

    Skadden Arps Slate Meagher & Flom has announced the promotion of 39 of its attorneys to the role of counsel. The promotions are spread across the firm's network of global offices, with four coming in London. There are promotions in the corporate, tax and litigation teams. Last month the Manhattan giant - which recently topped The American Lawyer's survey of the largest law firms in the US - promoted 25 lawyers to its partnership, with three of the promotions coming in the UK.

    1 minute read

  • May 7, 2008 |

    Skadden boosts US healthcare expertise

    Skadden Arps Slate Meagher & Flom has boosted its US healthcare practice with the hire of a senior partner from rival Jones Day. Greg Luce, who co-chaired the healthcare team at Jones Day, joins Skadden in Washington DC, where he will lead its healthcare enforcement and litigation group.

    1 minute read

  • May 7, 2008 |

    Dechert and Skadden Arps secure trophy public float on Czech £1.1bn mining IPO

    Dechert has landed a trophy corporate role advising Czech coal mining company New World Resources (NWR) on a flotation on the main stock exchanges in London, Prague and Warsaw that could be worth up to £1.1bn.The deal, which was scheduled for an early May listing as Legal Week went to press, is set to be the largest ever in Czech history and the largest European initial public offering (IPO) this year. It will also be the first to have a triple listing on the three bourses.

    1 minute read

  • May 7, 2008 |

    ...Legal Week Lunchbox: 7/05/08...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts; the all-new Dealmaker Directory is launched; and much more

    1 minute read

  • May 6, 2008 |

    Skadden stalling tactics scare Microsoft off Yahoo

    Skadden Arps Slate Meagher & Flom has picked up the plaudits after a team of lawyers from the US giant were credited with buying internet giant Yahoo more time in its ongoing takeover saga with Microsoft, writes The Recorder. Last week (3 May) Microsoft halted its three-month pursuit of Yahoo after an improved $47.5bn (£23.9bn) offer for the California-based company was turned down.

    1 minute read