SAP to Acquire Concur Technologies

Mergers & AcquisitionsCorporateLitigation

As reported in The Wall Street Journal and other media outlets, Paul, Weiss client SAP SE announced that subsidiary SAP America, Inc. has entered into an agreement to acquire Concur Technologies, a leading provider of travel and expense management software, for a purchase price of $8.3 billion.

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China Law & Practice Names Paul, Weiss “International Telecommunications, Media & Technology Firm of the Year”

CorporateCommunications & TechnologyMergers & AcquisitionsXiaoyu Greg  Liu

China Law & Practice awarded Paul, Weiss "International Telecommunications, Media & Technology Firm of the Year" at the China Law & Practice Awards 2014. Corporate partner, Greg Liu and associate Abra Murray received the award.

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Ericsson to Acquire Apcera

Mergers & AcquisitionsCorporateEmployee BenefitsIP TransactionsTax

Paul, Weiss client Ericsson Inc. announced that it has agreed to acquire Apcera Inc., a San Francisco-based enterprise services company and creator of the next-generation platform-as-a-service Continuum, which works across hybrid cloud and traditional environments. The acquisition is expected to close in the fourth quarter of 2014 and will strengthen Ericsson's position in the cloud market by extending its network approach to operator and enterprise cloud.

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Oasis Beverages to Acquire Pabst Brewing Company

Mergers & AcquisitionsCorporateEmployee BenefitsReal EstateTaxIP TransactionsEnvironmental

Paul, Weiss client Pabst Brewing Company, North America's largest privately held brewing company and the owner of Pabst Blue Ribbon and other iconic American brands, has entered into a definitive agreement to be acquired by Oasis Beverages, Ltd.  TSG Consumer Partners LLC, a leading strategic equity investor in growth-oriented consumer brands, will acquire a minority stake in Pabst as part of the transaction. Terms of the deal were not disclosed.

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Court of Appeal Affirms Summary Judgment Ruling for Citigroup

Litigation

The Florida Fifth District Court of Appeal affirmed Paul, Weiss client Citigroup's win of summary judgment on all of the claims asserted in Sungate Securities LLLP, et al. v. Citigroup Inc. The plaintiffs were investors in a feeder fund sponsored by Citigroup Alternative Investments that, in turn, invested in a fund managed by private equity manager Terra Firma.

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Oak Hill Capital Partners to Acquire Berlin Packaging for $1.43 Billion

Mergers & AcquisitionsCorporateEmployee BenefitsTax

Paul, Weiss client Oak Hill Capital Partners announced that it has entered into a definitive agreement to acquire Berlin Packaging LLC, a leading supplier of rigid packaging products and services in North America, from Investcorp, in a transaction valued at $1.43 billion. Completion of the transaction, which is expected to close in the third quarter, is subject to customary closing conditions.

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Star Bulk to Acquire Excel Maritime Fleet

CorporateTaxEmployee Benefits

Star Bulk Carriers Corp. announced that it has entered into definitive agreements with Paul, Weiss client Excel Maritime Carriers Ltd. to acquire 34 operating vessels for aggregate consideration of $634.91 million, comprised of 29.917 million shares of Star Bulk common stock and $288.39 million in cash. Upon completion of the transaction, Star Bulk's position as the largest U.S. listed dry bulk company will be further enhanced, with a fleet of 103 vessels on a fully delivered basis.

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KPS to Sell Waupaca Foundry to Hitachi Metals for $1.3 Billion

Mergers & AcquisitionsCorporateTaxReal EstateEmployee BenefitsEnvironmentalIP Transactions

Paul, Weiss client KPS Capital Partners, LP announced that it has signed a definitive agreement, through an affiliate, to sell portfolio company Waupaca Foundry, Inc. to Hitachi Metals, Ltd. for $1.3 billion in cash. Completion of the transaction, which is expected to close during the fourth quarter, is subject to customary closing conditions.

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NorthStar Realty to Acquire Griffin-American in $4 Billion Transaction

CorporateMergers & AcquisitionsReal EstateTax

Paul, Weiss client NorthStar Realty Finance Corp. and Griffin-American Healthcare REIT II, Inc. announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which NorthStar Realty will acquire all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion, including approximately $600 million of debt, establishing NorthStar Realty as a leading investor in the healthcare real estate sector.

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International Strategy & Investment To Be Acquired by Evercore

CorporateMergers & AcquisitionsTaxEmployee Benefits

As reported in The New York Times "Dealbook," Bloomberg and other media outlets, Evercore announced that it has entered into an agreement to acquire the operating business of Paul, Weiss client International Strategy & Investment, a leading independent research-driven equity sales and agency trading firm. Evercore will also acquire the approximately 40 percent interest in its Institutional Equities business not currently owned by the company.

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