Cartel Digest


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Citrix Systems’ $2.25 Billion Acquisition of Wrike

Shearman & Sterling advised software company Citrix Systems (NASDAQ: CTXS) in its definitive agreement to acquire Wrike, Inc., a portfolio company of private equity firm Vista Equity Partners, for $2.25 billion in cash.

Boston Scientific’s Sale of Unit to SERB SAS and Stark International

Shearman & Sterling is representing Boston Scientific in connection with the pending sale of BTG Specialty Pharmaceuticals to SERB SAS and Stark International Lux S.A.R.L., portfolio companies of private equity firm Charterhouse Capital Partners, for a cash purchase price of $800 million.

TELUS’ Agreement to Acquire Lionbridge AI

Shearman & Sterling represented Canada’s TELUS International in connection with its agreement to acquire Lionbridge AI, a global provider of crowd-based data annotation services, in a deal valued at approximately $935 million.

Orion Mine Finance Closes Acquisition of Oxy Assets

Shearman & Sterling represented Orion Mine Finance (Orion), in its acquisition of Occidental Petroleum Corporation’s (Oxy) Wyoming, Colorado, and Utah Land Grant assets in exchange for a purchase price of approximately $1.33 billion. The deal closed on October 19.

Stenerson, Higbee and Mossman author ICLG USA Chapter

Partners Todd Stenerson (Washington, DC-Litigation) and David Higbee (Washington, DC-Antitrust), and Associate Rachel Mossman (Washington, DC-Litigation) have authored the USA Chapter for the International Comparative Legal Guides – Competition Litigation 2021.

Magris Resources Canada’s Acquisition of Imerys Assets

Shearman & Sterling represented firm Magris Resources Canada Inc. in connection with its definitive agreement to acquire substantially all of the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the “North American Talc Business”) for $223 million.

ViacomCBS Sells CNET Media Group

Shearman & Sterling is representing ViacomCBS in the sale of CNET Media Group to Red Ventures, a portfolio of more than 100 digital brands, for $500 million.

Aliende Rodriguez Authors Cartel Chapter in GCR EMEA Antitrust Review

Partner Elvira Aliende Rodriguez and associates Sujin Chan-Allen (both Brussels-Antitrust) and Ruba Noorali (London-Antitrust) have authored the chapter “European Union: Cartels and Leniencey” in the GCR EMEA Antitrust Review 2021 published by Global Competition Review on July 8, 2020. The team wishes to thank Caroline Préel for her contribution.

Altice USA’s Agreement to Sell Stake in LightPath

Shearman & Sterling acted as legal counsel to Altice USA in its agreement to sell 49.99 percent of its LightPath fiber enterprise business to Morgan Stanley Infrastructure Partners for an implied enterprise value of $3.2 billion.

ALD Automotives Joint Venture with Ford

Shearman & Sterling advised ALD Automotive, one of the leading global provider of mobility solution, in connection with the creation of a joint venture with Ford dedicated to provide new integrated fleet leasing and management solutions across Europe under the name of Ford Fleet Management.

JetBlue’s Strategic Partnership with American Airlines

Shearman & Sterling acted as legal advisor to JetBlue Airways Corp. in connection with its entry into a strategic partnership with American Airlines Group. The partnership will create seamless connectivity for travelers in the Northeast U.S. It will also accelerate each airline’s recovery as the travel industry adapts to new trends as a result of the coronavirus pandemic.

Celanese’s Sale of Stake in Polyplastics JV

Shearman & Sterling is advising Celanese on its definitive agreement to sell its 45 percent equity interest in the Polyplastics joint venture to Daicel Corporation for $1.575 billion.