Shearman & Sterling

Genmab to Broaden and Strengthen Oncology Portfolio with Acquisition of ProfoundBio

Retrieved on: 
Wednesday, April 3, 2024
Ovarian cancer, BofA Securities, PIN, U.S. FDA, Shearman, Webcast, Patient, Fast Track, Goldman Sachs, Morgan Stanley, LLP, Acquisition, Cancer, Spacecraft, Cooley LLP, DKK, Shearman & Sterling, ADC, USD, Law, Food, Pharmaceutical industry

Genmab will acquire ProfoundBio for USD 1.8 billion in cash, payable at closing (subject to adjustment for ProfoundBio’s closing net debt and transaction expenses).

Key Points: 
  • Genmab will acquire ProfoundBio for USD 1.8 billion in cash, payable at closing (subject to adjustment for ProfoundBio’s closing net debt and transaction expenses).
  • The transaction will further broaden Genmab’s mid- to late-stage clinical pipeline and strengthen and complement Genmab’s already validated suite of proprietary technology platforms.
  • The addition of Rina-S to Genmab’s portfolio will enable Genmab to deepen its presence in the gynecologic oncology space and establish a firm foundation in solid tumors.
  • Based on the data from the ongoing Phase 1/2 clinical trial Genmab intends to broaden the development plans for Rina-S within ovarian cancer and other FRα-expressing solid tumors.

Genmab to Broaden and Strengthen Oncology Portfolio with Acquisition of ProfoundBio

Retrieved on: 
Wednesday, April 3, 2024
Biotechnology, General Health, Health, Pharmaceutical, Oncology, Ovarian cancer, BofA Securities, PIN, U.S. FDA, Shearman, Webcast, Patient, Fast Track, Goldman Sachs, Morgan Stanley, LLP, Acquisition, Cancer, Spacecraft, Cooley LLP, DKK, Shearman & Sterling, ADC, USD, Law, Food, Pharmaceutical industry

Genmab A/S (Nasdaq: GMAB) and ProfoundBio, Inc. announced today that the companies have entered into a definitive agreement for Genmab to acquire ProfoundBio in an all-cash transaction.

Key Points: 
  • Genmab A/S (Nasdaq: GMAB) and ProfoundBio, Inc. announced today that the companies have entered into a definitive agreement for Genmab to acquire ProfoundBio in an all-cash transaction.
  • Genmab will acquire ProfoundBio for USD 1.8 billion in cash, payable at closing (subject to adjustment for ProfoundBio’s closing net debt and transaction expenses).
  • The transaction will further broaden Genmab’s mid- to late-stage clinical pipeline and strengthen and complement Genmab’s already validated suite of proprietary technology platforms.
  • The addition of Rina-S to Genmab’s portfolio will enable Genmab to deepen its presence in the gynecologic oncology space and establish a firm foundation in solid tumors.

3E Acquires Workplace Safety Provider, Quick-FDS

Retrieved on: 
Wednesday, April 3, 2024
Pharmaceutical, Health, Media, Communications, Chemicals, Plastics, Supply Chain Management, Manufacturing, Retail, 3E, Proskauer Rose, Safety, Safety data sheet, SDS, Growth, LLP, Acquisition, REACH, Shearman & Sterling, Chemical industry, EHS, Medical device

3E, the leading global provider of intelligent compliance solutions for chemical and workplace safety, product stewardship, and sustainable supply chains, has completed its previously announced acquisition of Quick-FDS, the leading provider of workplace safety solutions in France.

Key Points: 
  • 3E, the leading global provider of intelligent compliance solutions for chemical and workplace safety, product stewardship, and sustainable supply chains, has completed its previously announced acquisition of Quick-FDS, the leading provider of workplace safety solutions in France.
  • Quick-FDS partners with both global manufacturers and downstream users of chemical products, providing mission-critical solutions that enable improved regulatory compliance and workplace safety.
  • “We are thrilled to welcome Quick-FDS’ team, clients and partners into the broader 3E organization.
  • REACH regulations in the EU require all suppliers of chemicals to provide a unique Safety Data Sheet for each chemical substance to their customers.

WHY Brands Inc. Expands Leadership Team with Two Key Executive Hires

Retrieved on: 
Wednesday, March 20, 2024
Family, Lifestyle, Retail, Consumer, Baby, Maternity, Specialty, Mother, Growth, New product development, Strategic management, Munchkin, Shearman, Caregiver, General counsel, AI, Xero, Engineering, Massage, Shearman & Sterling, Pushpay, Corporation, Industrial design

Both executives will report to Steven B. Dunn, Founder and Chief Executive Officer of WHY.

Key Points: 
  • Both executives will report to Steven B. Dunn, Founder and Chief Executive Officer of WHY.
  • “We are excited to expand our leadership bench with the strategic appointments of Joseph and Jaime,” said Mr. Dunn.
  • “As WHY moves into more tech-focused, high value products and household goods, we are embarking on a new chapter of growth.
  • Prior to joining WHY, Mr. Berkowitz was General Counsel & Head of Corporate Strategy at Pushpay, a leading fintech company.

A&O Shearman Announces First Senior Leadership Roles

Retrieved on: 
Friday, March 1, 2024
Blockchain, Shearman & Sterling, Chambers and Partners, The American Lawyer, ECM, Law360, Holding, MVP, Allen & Overy, Law society, LLP, Lawyer, State, Environment, Global Governance, Partnership, Management

London and New York, March 01, 2024 (GLOBE NEWSWIRE) -- Allen & Overy (A&O) and Shearman & Sterling (Shearman) today announced the first of several senior leadership roles for the combined firm A&O Shearman, taking effect on May 1, 2024.

Key Points: 
  • London and New York, March 01, 2024 (GLOBE NEWSWIRE) -- Allen & Overy (A&O) and Shearman & Sterling (Shearman) today announced the first of several senior leadership roles for the combined firm A&O Shearman, taking effect on May 1, 2024.
  • Khalid Garousha has been elected as senior partner and Hervé Ekué has been elected as managing partner of A&O Shearman.
  • Adam Hakki, current senior partner at Shearman, has been appointed co-chair of the global A&O Shearman board and executive committee, and will also lead the firm’s U.S. business as its chair.
  • Khalid Garousha, senior partner, said: “I am honored that the partnership has put its trust in me to lead A&O Shearman as its first senior partner.

Sonita Bennitt Joins Seward & Kissel’s Tax Group

Retrieved on: 
Wednesday, February 28, 2024
Legal, Construction & Property, Finance, Consulting, Banking, Accounting, Professional Services, REIT, Kirkland & Ellis, Simpson Thacher & Bartlett, Goldberg, Lawsuit, University School, Seward & Kissel, University, Martha Plimpton, Government, Private, Kelley Drye & Warren, Shearman & Sterling, DeBevoise, Shearman, King & Spalding, Russell Johnston

Seward & Kissel LLP announced today that Sonita M. Bennitt , former counsel with Goodwin Procter LLP, has joined the firm’s New York office as a partner in the Tax Group .

Key Points: 
  • Seward & Kissel LLP announced today that Sonita M. Bennitt , former counsel with Goodwin Procter LLP, has joined the firm’s New York office as a partner in the Tax Group .
  • She also advised clients on tax aspects of real estate joint ventures and real estate investment trusts.
  • “Sonita’s wealth of experience makes her a valuable addition to our firm and the Tax Group,” said Jim Cofer , managing partner of Seward & Kissel and a partner in the firm’s Tax Group.
  • “Her deep background in private fund formation and structuring makes her an ideal fit with our Tax Group and the broader work of the firm.”
    Prior to Goodwin Procter, Bennitt practiced as a tax associate at Debevoise & Plimpton LLP.

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

Retrieved on: 
Tuesday, February 20, 2024
Slate, Acquisition, ADS, Bev, L Catterton, Kirkland & Ellis, BEV, Deutsche Bank, Shearman & Sterling, LVMH, Tech, LCAA, Growth, American depositary receipt, Han Kun Law Offices, EPA, LLP, PIPE, Lotus, DNA, Partnership, Cryptocurrency

NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech's name as "Lotus Technology Inc." and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol "LOT" on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.

Key Points: 
  • The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.
  • "We are thrilled to announce our upcoming debut on the Nasdaq as we complete our business combination with LCAA," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.
  • We look forward to accelerating our growth as a listed company, leading the electric transformation of the global luxury BEV market together with L Catterton."
  • Lotus Tech will ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate the Company's public listing.

Breeze Holdings Acquisition Corp. and TV Ammo, Inc. Announce Filing of a Registration Statement in Connection with Proposed Business Combination

Retrieved on: 
Wednesday, February 14, 2024
Acquisition, Engineering, Plan, Prospectus, Shearman & Sterling, Register, Corporate action, File, Form, Quality control, Business analyst, Shearman, Security (finance)

Upon closing of the business combination between Breeze Holdings and TV Ammo contemplated by the A&R Merger Agreement (the “Business Combination”), True Velocity, Inc., a newly-formed holding company (“True Velocity”), will own both Breeze Holdings and TV Ammo and is expected to be listed on the Nasdaq Capital Market (“Nasdaq”).

Key Points: 
  • Upon closing of the business combination between Breeze Holdings and TV Ammo contemplated by the A&R Merger Agreement (the “Business Combination”), True Velocity, Inc., a newly-formed holding company (“True Velocity”), will own both Breeze Holdings and TV Ammo and is expected to be listed on the Nasdaq Capital Market (“Nasdaq”).
  • In connection with the Business Combination, (i) the outstanding securities of TV Ammo will be converted into substantially equivalent securities of True Velocity, and (ii) the outstanding securities of Breeze Holdings will be converted into substantially equivalent securities of True Velocity.
  • Breeze Holdings will file a Current Report on Form 8-K with the SEC disclosing the material terms of the A&R Merger Agreement.
  • Marshall & Stevens Transaction Advisory Services LLC is acting as the fairness opinion provider to the board of directors of Breeze Holdings.

Seward & Kissel Adds Former Chief Marketing Officer From Shearman & Sterling

Retrieved on: 
Wednesday, February 14, 2024
Legal, Professional Services, Slate, Kirkland & Ellis, Daniele Nardello, Multimedia, Chadbourne & Parke, Marketing, Goldberg, Lawsuit, Seward & Kissel, Private law, Business development, Government, Private, Kelley Drye & Warren, Shearman & Sterling, Shearman, Orrick, Herrington & Sutcliffe, King & Spalding, Russell Johnston

Seward & Kissel LLP announced today that Nora Shearer , the former chief marketing officer at Shearman & Sterling, has become Seward & Kissel’s chief marketing and business development officer, effective immediately.

Key Points: 
  • Seward & Kissel LLP announced today that Nora Shearer , the former chief marketing officer at Shearman & Sterling, has become Seward & Kissel’s chief marketing and business development officer, effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20240214675950/en/
    Seward & Kissel Adds Nora Shearer as Chief Marketing and Business Development Officer (Photo: Business Wire)
    “Nora has a proven ability to connect premier law firms with their most important audiences,” said Jim Cofer , managing partner of Seward & Kissel.
  • Most recently, she served as the chief business development and marketing officer at Nardello & Co., the global investigations and business intelligence firm.
  • Notaro previously served at other elite firms, including Skadden, Arps, Slate, Meagher & Flom and Orrick, Herrington & Sutcliffe, before joining as Seward & Kissel’s first chief operating officer.

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.