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.
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.
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.
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.
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.
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.
Shearman & Sterling is advising Raytheon on its combination with United Technologies in a merger of equals. The combination will create a premier systems provider with advanced technologies to address rapidly growing segments of aerospace and defense.
Shearman & Sterling’s 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 Who’s Who Legal’s Competition list. Partners Elvira Aliende Rodriguez and James Webber are listed in the Competition – Future Leaders 2019 list.