With $23 billion in debt, the most of any U.S. hotel or casino company, Caesars Entertainment Corp. wanted to spruce up its stretch of the Las Vegas Strip without dropping a bundle or adding to a glut of rooms in the city.
Bio-Rad Laboratories Inc. is presenting potential buyers with the most affordable acquisition in the U.S. life-science equipment industry as investors bet the family-run company will now be open to a sale.
Bio-Rad Laboratories Inc., a maker of medical screening and research equipment, rose the most in more than three years on speculation the family-run company may be open to a sale after the death of its founder.
Weil, Gotshal & Manges LLP advised Fidelity National Financial Inc., the largest U.S. title insurer, on an agreement to buy its former unit, Lender Processing Services Inc. Cravath, Swaine & Moore LLP advised LPS.
New Jersey Governor Chris Christie said investors are showing confidence in Atlantic City as Revel AC Inc. plans to file for a prepackaged bankruptcy that will reduce its debt burden by more than $1 billion.
Simpson Thacher & Bartlett LLP is representing Office Depot Inc. on its agreement to buy OfficeMax Inc. for $1.17 billion in a bid to revive a retailer that has been losing sales to online rivals and Staples Inc., the largest U.S. office-supplies chain.
In his ground-level office on a back street of Las Vegas, Lee Amaitis is worlds away from the 15- story building in London where he served as the second in command at Cantor Fitzgerald LP until 2008. Rather than looking at the Tower of London on the River Thames from his office, he now has a view of men entering and leaving Sheri’s Cabaret, featuring “Hot Fully Nude Girls.’’
White & Case LLP hired five Linklaters LLP capital markets lawyers in Paris, all of whom join the firm as partners. Philippe Herbelin, Cenzi Gargaro and Séverin Robillard were partners at Linklaters. Gilles Endréo, formerly a partner at Linklaters, though now a consultant according to White & Case, and Thomas Le Vert, an associate, also join White & Case as partners.