Detroit’s proposed 74 cent recovery rate on general-obligation debt, almost five times more than its last offer, has sent yields to the lowest in 10 months and signals a broader rally in local government securities.
Energen Corp. agreed to sell its Alabama natural gas utility to the Laclede Group for $1.28 billion in cash, becoming the latest energy company to shed assets to raise money for exploration and production.
Fenwick & West LLP represented Facebook Inc. in its $2 billion bid for Oculus VR Inc., the maker of a ski-goggle-like device called Rift, now used for playing games, that eventually could immerse people in experiences including classes and sporting events.
U.S. News & World Report’s law school rankings for 2015 are led by the usual schools, with one exception: Duke University’s School of Law broke into the top tier for the first time since 2010 by tying for 10th with University of Michigan in Ann Arbor.
DLA Piper LLP advised Vodafone Group Plc, the world’s second-largest wireless carrier, on its agreement to buy Spanish cable operator Grupo Corporativo Ono SA in a 7.2 billion-euro ($10 billion) transaction.
Morrison & Foerster LLP represents Softbank Corp., which agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third- biggest mobile-phone operator seeks growth overseas amid a declining local market. Skadden Arps Slate Meagher & Flom LLP served as lead counsel to Sprint.
Patricia A. Millett, co-head of Akin Gump Strauss Hauer & Feld LLP’s Supreme Court and national appellate practices, was confirmed by the U.S. Senate to serve as a federal appeals court judge for the D.C. Circuit.