On Feb. 4, executives of cable operators Comcast Corp. and Charter Communications Inc. gathered at the Manhattan offices of law firm Wachtell Lipton Rosen & Katz to discuss Charter’s bid to buy Time Warner Cable Inc. It proved to be the final straw for Comcast and its chief executive officer, Brian Roberts.
U.S. subprime-mortgage securities are overpriced as investors misjudge a court ruling last month that will limit bondholders’ ability to force banks to buy back soured loans, according to hedge-fund manager Deepak Narula.
Sullivan & Cromwell LLP advised Perrigo Co., a U.S. maker of over-the-counter medicines, which agreed to buy Irish drug company Elan Corp. for $8.6 billion, gaining a low-tax base for international expansion. Morgan, Lewis & Bockius LLP is providing Perrigo with counsel on antitrust/competition. Elan was advised by A&L Goodbody and Cadwalader Wickersham & Taft LLP.
Sullivan & Cromwell LLP, Morris Manning & Manning LLP, Venable LLP, Wachtell Lipton Rosen & Katz and Proskauer Rose LLP advised on American Realty Capital Properties Inc.’s agreement to buy Cole Real Estate Investments Inc. for about $6.85 billion as it seeks to become the largest owner of U.S. single-tenant buildings.