Private equity bidders for Billabong International Ltd. are seeking to buy Australia’s largest surf- wear company for as little as 50 Australian cents a share, two people with knowledge of the matter said.
Simpson Thacher & Bartlett LLP represents KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, which agreed to buy industrial equipment maker Gardner Denver Inc. for about $3.7 billion after raising its offer. Skadden Arps Slate Meagher & Flom LLP is advising Gardner Denver.
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.
Bank of America Corp.’s effort with Societe Generale SA to reverse New York’s approval of MBIA Inc.’s 2009 restructuring is being considered by a judge after the conclusion of a four-week trial over the transaction.
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.
Billabong International Ltd. halted its shares from trade before a potential takeover announcement, after the Australian Financial Review reported that director Paul Naude offered A$1.10 a share for the company.