Archer-Daniels-Midland Co.’s A$2.2 billion ($2 billion) takeover of GrainCorp Ltd. was blocked by Australia, prompting a record drop in shares of the east coast’s biggest crop handler and a slide in the local currency.
Recipients of the American Bar Association’s pro bono publico awards, which will be presented today in Chicago, include the law firm of Akin Gump Strauss Hauer & Feld LLP, Neal Minahan, a partner with McDermott Will & Emery LLP and Amy Lorenz-Moser, a partner with Armstrong Teasdale LLP.
Skadden, Arps, Slate, Meagher & Flom LLP advised Spectra Energy Corp., the fourth-largest U.S. pipeline company, on the agreement to buy its first oil system from Kinder Morgan Energy Partners LP and two other owners for $1.25 billion in cash.
Kim Dotcom, whose Megaupload.com website accounted for 4 percent of world Internet traffic before being shut down last year on U.S. copyright infringement charges, plans to unveil a new, encrypted file-sharing site in New Zealand in a snub to U.S. authorities.
Allens Arthur Robinson, a 190-year- old Australian law firm, and Linklaters LLP, a London-based firm with 2,200 lawyers, agreed on an alliance to compete internationally with local firms that have grown after combining with foreign ones.