Saudi International Petrochemical Co. expects to sign a share-swap merger agreement with Sahara Petrochemicals Co. in the first half of next year, seeking to create a company with about $5 billion in market value.
Linklaters LLP advised ThyssenKrupp AG, Germany’s largest steelmaker, on its agreement to sell its U.S. plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. as it seeks to offload operations that are the worst investments in its more than 200-year history.
Davis Polk & Wardwell LLP advised Shire Plc, which agreed to buy ViroPharma Inc. for about $4.2 billion to gain treatments for rare diseases and lessen dependence on its best-selling Vyvanse pill for attention deficit hyperactivity disorder. Skadden, Arps, Slate, Meagher & Flom LLP advised ViroPharma.
Robins, Kaplan, Miller & Ciresi LLP bested Kellogg Huber Hansen Todd Evans & Figel PLLC in the arbitration between Starbucks Corp. and Mondelez International Inc. that resulted in a $2.79 billion victory for Mondelez.
Clifford Chance LLP and Allen & Overy LLP, two of the U.K.’s highest-grossing law firms, saw single- digit increases in both profit and revenue following expansions into emerging markets such as China, Turkey and Indonesia.
Sheila Birnbaum, co-head of Skadden, Arps, Meagher & Flom LLP’s mass-torts and insurance group, is joining Quinn Emanuel Urquhart & Sullivan LLP, where she will co-head the global product-liability and mass-torts practice. Skadden product-liability lawyer Mark Cheffo also joins Quinn Emanuel as a partner.
Allen & Overy LLP hired Tran Anh Duc to head the firm’s Hanoi branch. Duc will co-head the banking and corporate practices alongside Adam Moncrieff, who recently relocated from the Tokyo office. Duc, who has been in practice for 18 years, was previously the managing partner at Vilaf, a local Vietnam law firm.