Merger Clearance

Antitrust and Competition

Experience

  • Guiding three major Japanese container shipping carriers in the US and EU antitrust reviews of their 1,440,000 TEU joint venture, Ocean Network Express.
  • Represented Regal Entertainment Group in its agreement with Cineworld Group PLC, the UK’s largest cinema operator, to acquire Regal, a leading motion picture exhibitor owning and operating one of the largest theater circuits in the United States, for $3.6 billion.
  • Advised an agriculture biotechnology company on its proposed $62 billion acquisition by a major pharmaceutical company.
  • Guided global oilfield service provider Baker Hughes in a worldwide merger review of a proposed $35 billion acquisition by Halliburton, including securing one of the largest breakup fees ever paid, and subsequently on the $32 billion combination with GE Oil & Gas.
  • Represented TUI, the world’s largest travel company, in merger control proceedings before the European Commission and the German Federal Cartel Office related to the restructuring of Germany’s second largest airline.
  • Advised a leading US physician services provider in its $8 billion merger of equals with a major competitor, and previously on a $680 million acquisition of a major US private ambulance service provider.
  • Represented Danaher Corporation in merger control proceedings in various jurisdictions (including in the United States and Germany) concerning its $4 billion acquisition of molecular diagnostics company Cepheid, and previously in its $14 billion acquisition of Pall Corporation, $2.6 billion merger with NetScout, and $6.8 billion merger with Beckman-Coulter.
  • Represented several global energy companies in German merger control proceedings concerning their planned formation of a joint venture for the construction and operation of the Nord Stream 2 offshore-pipeline connecting Russia and Germany (with an investment of around $10 billion).
  • Represented one of Germany’s largest utility companies in merger control proceedings concerning its acquisition of VNG, one of Germany’s largest natural gas suppliers.
  • Advised International Paper in its $4.5 billion acquisition of Temple-Inland, its subsequent $710 million sale of its building products division to Georgia-Pacific, and its $2.2 billion acquisition of the pulp assets of Weyerhaeuser.
  • Represented Cisco in obtaining clearance in both the United States and the EU for its $3 billion acquisition of Tandberg, a matter repeatedly cited by US and European Commission officials as a primary example of transatlantic cooperation.
  • Obtained Federal Trade Commission clearance for Millennium Pharmaceuticals for its $8.8 billion sale to Takeda—the largest overseas acquisition by a Japanese drug firm.
  • Represented StatoilHydro in its acquisition from ConocoPhillips of the JET petrol station network in Sweden and Denmark (an EU Phase 2 case involving extensive econometric assessments and remedies), and previously in obtaining EU approval of its $30 billion merger with the petroleum activities of Norsk Hydro.