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.
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.
Mergers and acquisitions-focused publication The Deal honored Shearman & Sterling with several of its prominent Deal of the Year awards.
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.
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.
Shearman & Sterling advised Orion Mine Finance on its agreement to acquire Occidental Petroleum Corporation’s (Oxy) Wyoming, Colorado and Utah Land Grant assets for about $1.33 billion.
Shearman & Sterling has once again been recognized as one of the “Top 15 Foreign Law Firms” for India-related work in 2020 by India Business Law Journal (IBLJ). This is the 12th consecutive year that IBLJ has included the firm in its top ranking and is a strong endorsement of our market leading India practice.
Five Shearman & Sterling partners were selected by Benchmark Litigation for its “40 & Under Hot List.”
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.
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.
Shearman & Sterling’s Global Antitrust Practice Group Leaders David Higbee and Matthew Readings and partners Jessica Delbaum and Ben Gris feature in Who’s Who Legal’s Competition list. Partners Elvira Aliende Rodriguez and James Webber are listed in the Competition – Future Leaders 2020 list.
Asia Regional Managing Partner and Head of Tokyo Office Masahisa Ikeda (Tokyo-Capital Markets) has been named in Asia Business Law Journal’s A-List of Top 100 Lawyers in Japan.
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.
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.
Shearman & Sterling advised Chevron Corp. (NYSE: CVX) on the antitrust matters related to its agreement to acquire all of the outstanding shares of Noble Energy Inc. (NASDAQ: NBL) in an all-stock transaction valued at $5 billion. The total enterprise value of the deal, including debt, is $13 billion.
Shearman & Sterling advised Indonesia’s state-owned mining company PT Indonesia Asahan Aluminium (Persero), formally known as Inalum and recently rebranded as MIND ID, on the signing of a share purchase agreement to acquire a 20 percent stake in PT Vale Indonesia from Vale Canada and Sumitomo Metal Mining. This is a high-profile transaction in Indonesia and follows up from Inalum’s acquisition of the Freeport mine in 2018.
Shearman & Sterling advised Abertis Infraestructuras and Singapore-based institutional investor GIC in their acquisition of a 70 percent stake in Red de Carreteras de Occidente (RCO) from affiliates of Goldman Sachs Infrastructure Partners and an additional 2.3 percent stake held by local investors and pension fund managers (AFORES), minority shareholders in the company.
Shearman & Sterling LLP advised Genmab A/S in connection with a broad collaboration agreement with AbbVie Inc. to jointly develop and commercialize three of Genmab's early-stage investigational bispecific antibody product candidates and enter into a discovery research collaboration for future differentiated antibody therapeutics for cancer. Based on potential value, this agreement represents one of the largest oncology partnerships on record.
Shearman & Sterling advised American Financial & Automotive Services, Inc. (AFAS) and American Financial Warranty Company (AFWC) in connection with the sale of 100 percent of their outstanding stock to Assurant, Inc.
Shearman & Sterling represented Bunge Limited (NYSE:BG) in its agreement to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. The completion of the sale is subject to customary closing conditions, including regulatory approval.
Shearman & Sterling won five awards from China Business Law Journal’s China Business Law Awards 2020, in the categories of Anti-bribery & Anti-corruption, Asset Management, Capital Markets (Overseas), Energy & Natural Resources and Technology & Telecom.