Shearman

Akoustis Appoints Michelle L. Petock, CEO of W Greig & Company, to its Board of Directors

Retrieved on: 
Thursday, March 23, 2023
IDM, Morgan Stanley, LLP, Wi-Fi, George, University, Shearman & Sterling, IEEE 802.11be, Calendar, Globalization, Audit committee, Holland, Investment, WLP, Citigroup, George Washington University Law School, CBRS, United Kingdom, Growth, Holland & Knight, Shearman, BAW, Mobile phone, Management, Wi-Fi 6

Ms. Petock will serve on the Strategic Development Committee and the Audit Committee of the Company’s board of directors.

Key Points: 
  • Ms. Petock will serve on the Strategic Development Committee and the Audit Committee of the Company’s board of directors.
  • Petock is a welcome addition to our board given her extensive accomplishments in finance, operations, tax and corporate law.
  • Ms. Petock currently serves as the Chief Executive Officer of W Greig & Company, an investment platform which invests and manages the capital of a single-family office.
  • Ms. Petock commented, “It is a great privilege to join the Akoustis board of directors.

LIBERTY GLOBAL TO LAUNCH VOLUNTARY AND CONDITIONAL PUBLIC TAKEOVER BID FOR ITS SUBSIDIARY TELENET GROUP HOLDING

Retrieved on: 
Tuesday, March 21, 2023
Technology, VoIP, Mobile, Wireless, Telecommunications, 5G, Internet, Treasury, LLP, JPMorgan Chase, LionTree, Intend, Liberty Global, BNP Paribas, EUR, Goldman Sachs, Decree, Shearman, Holding company, Security (finance), Telenet

Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) announces that, through its wholly-owned subsidiary Liberty Global Belgium Holding B.V., (“Liberty Global Belgium Holding”), it intends to launch a voluntary and conditional public takeover bid for all the shares of Telenet Group Holding NV (“Telenet”) that it does not already own or that are not held by Telenet (the “Intended Offer”).

Key Points: 
  • Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) announces that, through its wholly-owned subsidiary Liberty Global Belgium Holding B.V., (“Liberty Global Belgium Holding”), it intends to launch a voluntary and conditional public takeover bid for all the shares of Telenet Group Holding NV (“Telenet”) that it does not already own or that are not held by Telenet (the “Intended Offer”).
  • Liberty Global has been the controlling shareholder of Telenet since February 2007 and currently owns 59.18% of Telenet’s outstanding issued share capital.
  • No Liberty Global corporate cash, liquidity or corporate guarantees are required to finance the share purchases.
  • Liberty Global Belgium Holding has published a notice in accordance with article 8, §1 of the Royal Decree of 27 April 2007 on Public Takeover Bids regarding Liberty Global Belgium Holding’s intention to make the Intended Offer which can be found here: Article 8 Announcement .

QuisLex COO Sirisha Gummaregula to Receive Lifetime Achievement Award

Retrieved on: 
Wednesday, March 15, 2023
The National Law Journal, Private law, Shearman, Woman, Shearman & Sterling, University of Madras, Six Sigma, Character, Northwestern University Pritzker School of Law, Corporate lawyer, Sigma, Quest Diagnostics, University, Management

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- QuisLex , a leading alternative legal services provider long recognized as a pioneer in the industry, is proud to announce company chief operating officer Sirisha Gummaregula will be recognized this month with a lifetime achievement award as part of the Legalweek Leaders in Tech Law Awards .

Key Points: 
  • NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- QuisLex , a leading alternative legal services provider long recognized as a pioneer in the industry, is proud to announce company chief operating officer Sirisha Gummaregula will be recognized this month with a lifetime achievement award as part of the Legalweek Leaders in Tech Law Awards .
  • The 2023 Lifetime Achievement Award acknowledges career achievement and leadership in moving the legal technology profession forward through innovation.
  • Gummaregula was selected for the award for her innovative tech-driven approach to changing the way legal services are delivered and for her numerous outside-the-box solutions for clients’ most pressing business issues.
  • Gummaregula is a lawyer by training, graduating from the University of Madras and Northwestern University School of Law.

Aeries Technology Enters Into Definitive Merger Agreement with Worldwide Webb Acquisition Corp (NASDAQ: WWAC)

Retrieved on: 
Monday, March 13, 2023
Technology, Finance, Consulting, Other Technology, Business, Professional Services, Asset Management, Data Management, Other Professional Services, Security (finance), HR, Private equity, Journal of Business Finance & Accounting, Environment, Business process management, Portfolio company, Equity, Digital transformation, Culture, Acquisition, Worldwide, Shearman, Shearman & Sterling, Growth, Automation, Roth Capital Partners, Vista Equity Partners, Private, Quaternary, Management, Video game, Aeris (airline)

I could not be more thrilled to work with the Aeries Technology team and look forward to a very successful partnership.” – Daniel Webb, CEO of Worldwide Webb Acquisition Corp.

Key Points: 
  • I could not be more thrilled to work with the Aeries Technology team and look forward to a very successful partnership.” – Daniel Webb, CEO of Worldwide Webb Acquisition Corp.
  • The business combination values Aeries Technology at an implied market capitalization of $656 million, assuming no redemptions by Worldwide Webb Acquisition Corp. and including $50 million of additional capital.
  • The board of directors of both Aeries Technology and Worldwide Webb Acquisition Corp. have each approved the proposed transaction.
  • Norton Rose Fulbright and Shearman & Sterling are representing Aeries Technology and Worldwide Webb Acquisition Corp., respectively, as legal counsel.

Qualtrics to be Acquired by Silver Lake and CPP Investments for $12.5 Billion

Retrieved on: 
Monday, March 13, 2023
Professional Services, Data Management, Technology, Software, Finance, Artificial Intelligence, Internet, Investment, AI, SAP, Silver, CPP, XM, Sale, Shearman & Sterling, Goldman Sachs, Barclays Capital Inc. v. Theflyonthewall.com, Inc., RTÉ Executive Board, CPP Investment Board, SAP SE, Simpson Thacher & Bartlett, Shearman, Growth, Ecosystem, Latham & Watkins, SE, Morgan Stanley, Partnership, Security (finance), Cryptocurrency, Management, Video game, Financial adviser, Qualtrics

Silver Lake and its co-investors, together with CPP Investments, will acquire 100% of the outstanding shares Silver Lake does not already own, including the entirety of SAP’s majority ownership interest.

Key Points: 
  • Silver Lake and its co-investors, together with CPP Investments, will acquire 100% of the outstanding shares Silver Lake does not already own, including the entirety of SAP’s majority ownership interest.
  • Under the terms of the agreement, Qualtrics shareholders, including SAP, will receive $18.15 per share in cash.
  • “Silver Lake’s belief in our vision and their amazing track record of helping founders and management teams speaks for itself.
  • “This is a landmark transaction for Silver Lake, reflecting our confidence in the team and their vision.

SAP Agrees to Sell its Stake in Qualtrics as part of Qualtrics Acquisition by Silver Lake and CPP Investments

Retrieved on: 
Monday, March 13, 2023
Qualtrics, Supervisory board, Investment, NYSE, SAP, Silver, CPP, XM, Sale, Acquisition, RTÉ Executive Board, CPP Investment Board, SAP SE, Barclays, Shearman, Shearman & Sterling, Maple syrup, Cryptocurrency

WALLDORF, Germany, March 13, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP), today announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, "Silver Lake") as well as Canada Pension Plan Investment Board (CPP Investments).

Key Points: 
  • WALLDORF, Germany, March 13, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP), today announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, "Silver Lake") as well as Canada Pension Plan Investment Board (CPP Investments).
  • SAP intends to remain a close go-to-market and technology partner, servicing joint customers and continuing to contribute to Qualtrics' success."
  • The agreement resulted from a robust process that was initiated on January 26 and identified the joint proposal by Silver Lake and CPP Investments as most attractive.
  • Barclays acted as financial advisor to SAP on the transaction, Shearman & Sterling acted as SAP's legal advisor.

Carisma Therapeutics Closes Merger with Sesen Bio

Retrieved on: 
Tuesday, March 7, 2023
Shearman, University of Pennsylvania Health System, Symbiosis, SVB, Patient, SVB Securities, AbbVie, HealthCap, Shearman & Sterling, Growth, Sale, CARM, Therapy, Solasta: Crown of the Magister, Wellington Partners, Cancer, Merck & Co., BofA Securities, Immunotherapy, Caregiver, Wilmer Cutler Pickering Hale and Dorr, Merck, Cryptocurrency, Nursing, Management, Mitsubishi Carisma

PHILADELPHIA, March 7, 2023 /PRNewswire/ -- Carisma Therapeutics Inc., a clinical stage biopharmaceutical company focused on discovering and developing innovative immunotherapies, and Sesen Bio, Inc. ("Sesen Bio"), announced today the closing of their previously announced merger. The combined company will operate under the name Carisma Therapeutics Inc. and shares of its common stock will commence trading under the ticker symbol "CARM" on March 8, 2023 on the Nasdaq Capital Market.

Key Points: 
  • Shares of Carisma to commence trading on Nasdaq under new ticker symbol "CARM" on March 8, 2023
    Resulting cash position of approximately $140 million provides runway through 2024; expected to enable multiple clinical readouts across Carisma programs
    PHILADELPHIA, March 7, 2023 /PRNewswire/ -- Carisma Therapeutics Inc. , a clinical stage biopharmaceutical company focused on discovering and developing innovative immunotherapies, and Sesen Bio, Inc. ("Sesen Bio"), announced today the closing of their previously announced merger.
  • Dr. Thomas Cannell, President and Chief Executive Officer of Sesen Bio, said, "I want to thank the entire Sesen Bio team for their steadfast commitment to our mission to save and improve lives.
  • Patients, caregivers and investigators around the world have been important advocates of Sesen Bio and I want to thank them for their support.
  • SVB Securities acted as the exclusive financial advisor to Sesen Bio for the transaction, and Hogan Lovells US LLP served as Sesen Bio's legal counsel.

Celanese and Mitsui & Co., Ltd. to Form Food Ingredients Joint Venture; Extend Existing Fairway Methanol LLC Joint Venture

Retrieved on: 
Thursday, February 23, 2023
Food Tech, Retail, Chemicals, Plastics, Technology, Manufacturing, Food, Beverage, Methanol, Carbon dioxide, Corporation, NYSE, JV, Partnership, BofA Securities, Shearman, Potassium, Sorbic acid, CO2, Shearman & Sterling, Acetyl group, CE, Fine chemical, Celanese, Mitsui

Celanese announced today the signing of a term sheet to form a Food Ingredients JV with Mitsui, subject to customary approvals.

Key Points: 
  • Celanese announced today the signing of a term sheet to form a Food Ingredients JV with Mitsui, subject to customary approvals.
  • Through this transaction, Celanese will contribute its Food Ingredients business, inclusive of assets, technology, and employees, to form a standalone Food Ingredients JV.
  • Celanese Food Ingredients is a leading producer of acesulfame potassium (Ace-K) sweetener as well as sorbic acid and potassium sorbate preservatives.
  • Celanese and Mitsui have also agreed on a long-term extension of their existing Fairway Methanol LLC JV which produces methanol at Celanese’s Clear Lake facility.

Sesen Bio and Carisma Therapeutics Announce Increased Special Cash Dividend and Stockholder Support for Pending Merger

Retrieved on: 
Tuesday, February 14, 2023
Biotechnology, Pharmaceutical, Health, Clinical Trials, Prospectus, Edmonton Investors Group, LLP, CVR, Contingent value rights, Wilmer Cutler Pickering Hale and Dorr, Evercore, Shearman, Sale, Shearman & Sterling, BofA Securities, SVB Securities, Bio, Security (finance), Holding company, Pharmaceutical industry, Mitsubishi Carisma

The Investor Group, which beneficially owns approximately 8.7% of Sesen Bio’s outstanding common stock, has committed to vote its shares in support of the pending merger.

Key Points: 
  • The Investor Group, which beneficially owns approximately 8.7% of Sesen Bio’s outstanding common stock, has committed to vote its shares in support of the pending merger.
  • In connection with the Support Agreement, Sesen Bio and Carisma have further amended the previously amended merger agreement announced on December 29, 2022, which has been unanimously approved by the Boards of Directors of both companies:
    Increased the one-time special cash dividend expected to be paid to Sesen Bio stockholders to $75 million, $0.36 per share1.
  • Dr. Jay Duker, Chair of the Sesen Bio Board of Directors, said, “We appreciate Mr. Radoff’s and Mr. Torok’s constructive engagement.
  • We are confident that the merger with Carisma maximizes value for all Sesen Bio stockholders, and we are pleased Mr. Radoff and Mr. Torok will support the pending transaction.

Shearman & Sterling Strengthens US Energy & Infrastructure Projects Team With Renowned Partners Mona Dajani and Jorge Medina

Retrieved on: 
Monday, February 13, 2023
Professional Services, Other Energy, Legal, Energy, Finance, Accounting, Hydrogen, Pillsbury Winthrop Shaw Pittman, Inflation, American Council on Renewable Energy, Water, Natural gas, U.S. Department of Energy, Office of Inspector General, ACORE, Ammonia, Publication, Transport, Lawyer, Project, San Francisco Bay Area, Wind, Partnership, Shearman, Biofuel, American Council, ESG, Intelligence, Chambers, Head, Partner, Inflation Reduction Act of 2022, PDF, Shearman & Sterling, Renewable energy

Mona will serve as Global Head of Renewables, Co-Head of Global Energy & Infrastructure (Projects), and Head of the Hydrogen and Ammonia Practice (Americas), and Jorge will serve as Head of Renewables (Americas).

Key Points: 
  • Mona will serve as Global Head of Renewables, Co-Head of Global Energy & Infrastructure (Projects), and Head of the Hydrogen and Ammonia Practice (Americas), and Jorge will serve as Head of Renewables (Americas).
  • Mona has repeatedly been recognized as a leading lawyer by Legal 500 and Chambers & Partners, among other publications.
  • In November of 2022, she was appointed for a three-year term as a U.S. Department of Energy Ambassador for C3E.
  • Jorge has extensive experience structuring cutting edge tax-driven transactions, including many first of their kind transactions in the energy space.