Cartel Digest


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Viacom’s Combination With CBS

Shearman & Sterling advised Viacom Inc. in its merger with CBS Corporation, which will create a leading global multiplatform, premium content company with more than $28 billion in revenue.

Wanda Sports Group’s Nasdaq IPO

Shearman & Sterling advised the underwriters, led by Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc., in Wanda Sports Group's $190 million initial public offering. The shares began trading on the Nasdaq Global Select Market under the symbol “WSG” on July 26, 2019.  

ADNOC Closes Landmark Strategic Partnership Agreements with Eni and OMV in Refining and Trading

Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on landmark strategic equity partnerships with Eni and OMV covering both the existing ADNOC Refining business and a new trading joint venture. The transaction includes one of the world’s largest-ever refinery transactions. Ruwais is the fourth biggest single site refinery in the world. ADNOC, Eni and OMV also incorporated a new trading joint venture at Abu Dhabi Global Market (ADGM) to focus on direct sales to customers, primarily in Asia, and in emerging markets.

Stone Point Capital’s Sale of Hodges-Mace to Alight

Shearman & Sterling advised private equity firm Stone Point Capital in the sale of its portfolio company, Hodges-Mace, a leading provider of employee benefits technology, voluntary benefits and customer enrollment services, to Alight Solutions, a leader in technology-enabled health, wealth and human capital management and financial solutions.

ADNOC and OCI Form Strategic Joint Venture

Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on a new strategic partnership with OCI N.V. (OCI). ADNOC will combine its fertilizer business, ADNOC Fertilizers, into OCI’s Middle East and North Africa (MENA) nitrogen fertilizer platform to form a new joint venture.

Oil Search Increases Investment in Alaskan North Slope Assets

Shearman & Sterling advised Oil Search (Alaska) in connection with its exercise of a $450 million option to double its investment in the Nanushuk field in Alaska’s North Slope, while concurrently transacting to align project interests with Repsol E&P USA Inc.

Seven Shearman & Sterling Lawyers Named in Who’s Who Legal’s 2019 Competition List

Shearman & Sterlings Global Antitrust Practice Group Leaders David Higbee and Matthew Readings; partners Jessica Delbaum and Geert Goeteyn; and Of Counsel Wayne Dale Collins are featured in Whos Who Legal’s Competition list. Partners Elvira Aliende Rodriguez and James Webber are listed in the Competition – Future Leaders 2019 list.