Shearman

ContextLogic Announces Agreement to Sell Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 for $173 Million in Cash

Retrieved on: 
Monday, February 12, 2024
Acquisition, Sidley Austin, Jefferies Group, Plan, Shearman & Sterling, Sale, Transaction, Data science, Wish (company), Financial sponsor, LLP, Shearman, Q&A, Premium, Cryptocurrency

The Board also intends to explore the opportunity for a financial sponsor to help ContextLogic realize the value of its tax assets.

Key Points: 
  • The Board also intends to explore the opportunity for a financial sponsor to help ContextLogic realize the value of its tax assets.
  • We evaluated a variety of potential outcomes and determined that the proposed sale of our operating assets and liabilities, while preserving significant NOLs, represents the best path forward to maximize value for shareholders.
  • Upon close, we expect the new Wish platform will have an improved customer experience through increased product assortment and merchant selection.
  • As part of the agreement, ContextLogic will begin trading under a new ticker symbol within 30 days of the closing of the transaction.

Volcan Exploring Alternatives with Advisors

Retrieved on: 
Friday, February 9, 2024
BofA Securities, Av, Shearman, Shearman & Sterling, Sale, Debt-to-GDP ratio

Manuel Olguin 373, Santiago de Surco, Lima, Republic of Peru (“Volcan”), is exploring alternatives with respect to the US$365 million 4.375% Senior Notes due 2026 and the US$400 million syndicated term loan.

Key Points: 
  • Manuel Olguin 373, Santiago de Surco, Lima, Republic of Peru (“Volcan”), is exploring alternatives with respect to the US$365 million 4.375% Senior Notes due 2026 and the US$400 million syndicated term loan.
  • To that end, Volcan has retained BofA Securities, Inc., Moelis & Company LLC, and Shearman & Sterling LLP as advisors to help with the process and constructively engage with its lenders and bondholders.
  • Volcan expects to continue its operations in the ordinary course of its business while pursuing these alternatives.
  • Volcan is also in discussions with third parties regarding the sale of a number of its non-core assets which may or may not be completed prior to the implementation of any such alternative.

Major, Lindsey & Africa Elects Four Female Recruiters to its Partnership

Retrieved on: 
Thursday, February 8, 2024
Annie, Happiness, Culture, Partnership, Shearman, Organization, Lawyer, Shearman & Sterling, MLA, Property management

HANOVER, Md., Feb. 8, 2024 /PRNewswire-PRWeb/ -- Major, Lindsey & Africa (MLA), the world's leading legal search firm, is excited to announce the election of four new partners: Stacey Breen, Rebecca Glatzer, Jennifer Haas and Annie Jennings. The elevation of these four talented recruiters speaks to their exceptional commitment to changing lives within the legal profession and their impact within the firm.

Key Points: 
  • Major, Lindsey & Africa has elected four recruiters to partner: Stacey Breen, Rebecca Glatzer, Jennifer Haas and Annie Jennings.
  • "Being invited to the partnership at Major, Lindsey & Africa goes beyond outstanding performance.
  • "Being invited to the partnership at Major, Lindsey & Africa goes beyond outstanding performance.
  • Prior to joining Major, Lindsey & Africa, Jennifer practiced as a commercial litigator in a mid-sized Chicago firm.

Davis Wright Tremaine Names Julia Bennett Chief Marketing and Business Development Officer

Retrieved on: 
Monday, February 5, 2024
Professional Services, Marketing, Communications, Legal, Consulting, Other Communications, Williams Mullen, Shearman & Sterling, Multimedia, University, Crowell & Moring, Duke University, George Washington School, Shearman

Davis Wright Tremaine has named Julia Bennett as its new chief marketing and business development officer.

Key Points: 
  • Davis Wright Tremaine has named Julia Bennett as its new chief marketing and business development officer.
  • Bennett, who will be based in the firm’s Washington, D.C., office, brings nearly two decades of experience in the legal industry, having led the marketing and business development functions in law firms as well as practiced as a lawyer.
  • “She will play a major role in helping Davis Wright continue to strengthen our brand within our core markets, practices, and industry verticals.”
    Bennett joins Davis Wright after serving as the first-ever chief marketing officer of Brown Rudnick, where she led the business development and marketing communications functions of the firm in the U.S. and U.K.
  • Previously, she served as the senior director of business development at Venable and worked in marketing and business development at Williams Mullen.

Taro Announces Merger Agreement with Sun Pharma

Retrieved on: 
Wednesday, January 17, 2024
Slate, Proxy, Sun Pharma, Shearman, Patient, Pharma, Reuters, Person, Committee, Schedule, BofA Securities, Affect (psychology), Environment, Sun, Post, Audit committee, Security (finance)

MUMBAI, India and NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Sun Pharmaceutical Industries Limited (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUNPHARMA, BSE: 524715) (together with its subsidiaries and/or associates referred as "Sun Pharma") and Taro Pharmaceutical Industries Ltd. (NYSE: TARO) ("Taro" or the "Company") today announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43.00 per share in cash without interest.

Key Points: 
  • Uday Baldota, Chief Executive Officer of Taro, said, "Taro is committed to delivering high quality products to our patients and customers around the world.
  • The merger agreement was unanimously recommended by the Special Committee, which was formed by Taro's Board of Directors to consider Sun Pharma's proposal.
  • Taro will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6‑K regarding the merger, which will include as an exhibit thereto the merger agreement.
  • In connection with the proposed transaction, Taro will prepare and mail to its shareholders a proxy statement that will include a copy of the merger agreement.

Taro Announces Merger Agreement with Sun Pharma

Retrieved on: 
Wednesday, January 17, 2024
Slate, Proxy, Sun Pharma, Shearman, Patient, Pharma, Reuters, Person, Committee, Schedule, BofA Securities, Affect (psychology), Environment, Sun, Post, Audit committee, Security (finance)

MUMBAI, India and NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Sun Pharmaceutical Industries Limited (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUNPHARMA, BSE: 524715) (together with its subsidiaries and/or associates referred as "Sun Pharma") and Taro Pharmaceutical Industries Ltd. (NYSE: TARO) ("Taro" or the "Company") today announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43.00 per share in cash without interest.

Key Points: 
  • Uday Baldota, Chief Executive Officer of Taro, said, "Taro is committed to delivering high quality products to our patients and customers around the world.
  • The merger agreement was unanimously recommended by the Special Committee, which was formed by Taro's Board of Directors to consider Sun Pharma's proposal.
  • Taro will furnish to the U.S. Securities and Exchange Commission (the "SEC") a current report on Form 6‑K regarding the merger, which will include as an exhibit thereto the merger agreement.
  • In connection with the proposed transaction, Taro will prepare and mail to its shareholders a proxy statement that will include a copy of the merger agreement.

Harpoon Therapeutics Strengthens Leadership Team

Retrieved on: 
Tuesday, December 26, 2023
Shearman & Sterling, Harpoon, Shearman, Accounting, Human, Talent management, Lundbeck Seattle Biopharmaceuticals, Intellectual property, Law, SAN, Therapy, Exelixis, University, Culture, General counsel, Growth, Human resources, Colgate University, Gilead Sciences, Employment, Management

SOUTH SAN FRANCISCO, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) -- Harpoon Therapeutics, Inc. (Nasdaq: HARP), a clinical-stage immunotherapy company developing novel T cell engagers, today announced the appointment of James Bucher, J.D. as Chief Legal Officer, and the promotion of Wendy Chang, to Chief People Officer. Mr. Bucher and Ms. Chang are part of the executive management team and report directly to the Chief Executive Officer.

Key Points: 
  • SOUTH SAN FRANCISCO, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) -- Harpoon Therapeutics, Inc. (Nasdaq: HARP), a clinical-stage immunotherapy company developing novel T cell engagers, today announced the appointment of James Bucher, J.D.
  • Mr. Bucher and Ms. Chang are part of the executive management team and report directly to the Chief Executive Officer.
  • “I am delighted to welcome Jim to the Harpoon leadership team and announce Wendy’s promotion.
  • In connection with Mr. Bucher’s appointment, Harpoon Therapeutics granted him an inducement non-qualified stock option to purchase an aggregate of 110,000 shares of Harpoon’s common stock.

Shearman & Sterling Releases its Annual Corporate Governance & Executive Compensation Survey Highlighting Key Trends and Regulatory Developments

Retrieved on: 
Thursday, December 7, 2023
Computer security, Shearman, Face, Woman, Research, Risk management, First Republic Bank, Disclosure, Artificial intelligence, Gender, Shearman & Sterling, AI, Signature Bank, Broad, Silicon Valley Bank, Climate change, Risk, Thought, Silicon, Corporate governance, SVB

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today released its annual Corporate Governance & Executive Compensation Survey.

Key Points: 
  • NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today released its annual Corporate Governance & Executive Compensation Survey.
  • Now in its 21st edition, the survey provides a review of key corporate governance trends, along with a comprehensive examination of the corporate governance and executive compensation practices of 100 of the largest U.S. public companies.
  • The annual survey tracks the impact of changing practices, trends and regulatory developments on key areas of corporate governance and executive compensation.
  • Given the breadth of data collected by the survey, the report can serve as a benchmark for public company directors and executives to assess their governance practices.

TPG Completes Acquisition of Angelo Gordon

Retrieved on: 
Thursday, November 2, 2023
Banking, Asset Management, Professional Services, Finance, Knowledge, HSR, Shearman, Acquisition, TPG, Wardwell, LP record, AUM, Morgan Stanley, Partnership, Shearman & Sterling, Paul, Weiss, Rifkind, Wharton & Garrison, Weil, Gotshal & Manges, TPG Inc., Commercial property, Renewable energy, Financial adviser

TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, today announced the successful completion of its previously announced acquisition of Angelo Gordon.

Key Points: 
  • TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, today announced the successful completion of its previously announced acquisition of Angelo Gordon.
  • Moving forward, Angelo Gordon will operate as TPG Angelo Gordon, a $74 billion[1] diversified credit and real estate investing platform within TPG.
  • “As we continue to operate and invest in dynamic markets, the addition of Angelo Gordon expands our capabilities and creates highly compelling investment opportunities.
  • Goldman Sachs & Co. LLC and Piper Sandler acted as financial advisor to Angelo Gordon and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel.

Hitachi Energy acquires eks Energy

Retrieved on: 
Tuesday, October 24, 2023
Hitachi, Shearman, History, Energy, Acquisition, Software, Partnership, Traction, Electronics, Shearman & Sterling, BESS, WSB, Automation, Renewable energy, Electric power

Strategic acquisition adds advanced power electronics and energy management software capabilities to meet accelerated, global demand for battery energy storage solutions

Key Points: 
  • Strategic acquisition adds advanced power electronics and energy management software capabilities to meet accelerated, global demand for battery energy storage solutions
    ZURICH, SWITZERLAND, Oct 24, 2023 - (JCN Newswire) - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider.
  • We look forward to continuing to work with eks Energy and Hitachi Energy to bring more projects like WSB to the world."
  • The addition of eks Energy to the Hitachi Energy portfolio demonstrates accelerated traction on the company's 2030strategic growth plan.
  • Hitachi Energy is continuously strengthening its power grids core business while advancingthe world's energy system to be more sustainable, flexible and secure.