Minter Ellison News
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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.
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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.
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Prudential Plc, the U.K.’s biggest insurer, agreed to buy a life insurance unit from Swiss Re AG for 398 million pounds ($621 million) in cash to expand in the U.S.
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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.
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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.
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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.
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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.
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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.
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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.
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Herbert Smith LLP of London and Freehills, Australia’s third-largest law firm, will merge to create a 2,800-lawyer firm, with plans to open offices in New York, Seoul and Africa.
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