Sun Pharmaceutical Industries Ltd., India’s largest drugmaker by market value, agreed to buy competitor Ranbaxy Laboratories Ltd. for $3.2 billion from Japan’s Daiichi Sankyo Co., which paid 61 percent more for the company five years ago.
Dentons, a 2,600-lawyer international firm formed a year ago through the combination of Salans LLP, Fraser Milner Casgrain LLP and SNR Denton, is interested in expanding further through a combination with Patton Boggs LLP.
Davis Polk & Wardwell LLP and Willkie Farr & Gallagher LLP advised Comcast Corp. on its agreement to acquire Time Warner Cable Inc. for $45.2 billion, combining the two largest U.S. cable companies in an all-stock transaction.
It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
Skadden, Arps, Slate, Meagher & Flom LLP advised Intrawest Resorts Holdings Inc., a North American mountain resort and adventure company, in its initial public offering. The company raised about $188 million selling the 15.6 million shares for $12 each, after offering them for $15 to $17 apiece. The shares are listed on the New York Stock Exchange under the symbol SNOW.
President Barack Obama’s repeated postponement of deadlines in the rollout of his health-care overhaul has sparked accusations from Republicans that he’s straying into dangerous territory by rewriting the law.