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- Home
- Practices and Industries
- Regulatory and Public Policy
- Antitrust / Competition
- Antitrust Transactions
In a global regulatory environment with competition authorities from the U.S. to Europe and from Brazil to China reviewing transactions, companies need expert, timely, and practical antitrust advice from experienced advisors. Covington’s global antitrust transactions group provides a destination practice for companies seeking to anticipate and manage antitrust issues raised in their mergers, acquisitions, joint ventures, and other transactions.
Strategically located in the U.S., Europe, and Asia, our team collaborates closely to identify potential competition law issues, design and manage clearance strategies, and manage and supervise local counsel, to secure timely merger clearances around the world.
In addition to working closely with our corporate team, we frequently draw upon the expertise of our firm’s regulatory practices to anticipate issues and to develop strategies for achieving our clients’ business objectives. As a result of this extensive collaboration, we are well versed in the issues raised by the application of antitrust law in transactions in regulated sectors, including pharmaceutical, financial services, health care, defense, airline, energy, electricity, telecommunications, cable, radio, alcoholic beverages, and IP-intensive industries.
Our antitrust transactional clients also benefit from a team that includes several former senior enforcement officials who were deeply involved in the development of merger policy and gained direct experience with how government authorities conduct merger reviews and reach enforcement decisions. Our experience and expertise enables us to “see around the corners” and provide incisive and practical advice that reduces the risk of surprise and helps our clients get their deals done.
Facebook Transactions
Representation of Facebook, Inc. in many transactions, including its $22 billion acquisition of WhatsApp, $2 billion acquisition of Oculus, and $1 billion acquisition of Instagram.
Microsoft Transactions
Representation of Microsoft Corp. in its $8.5 billion acquisition of Skype Communications S.à.r.l., the largest acquisition in the company’s history, in connection with its $4.5 billion acquisition of certain Nortel patents, in its $7.2 billion acquisition of the handset division of Nokia, and its $2.5 billion acquisition of Mojang, the developer of Minecraft.
Expedia/Orbitz Transaction
Secured a significant victory for Expedia (and consumers) in its $1.3 billion acquisition of Orbitz. The DOJ closed its “second request” investigation without taking any enforcement action.
Bacardi Transaction
Covington advised Bacardi Limited in its definitive agreement to acquire Patrón Spirits International AG and its PATRÓN® brand, the world’s top-selling ultra-premium tequila, from John Paul DeJoria, a founder of Patrón. The transaction reflects an enterprise value for Patrón of $5.1 billion.
Vulcan Materials Transaction
Represented Vulcan Materials in its acquisition of SPO Partners II, L.P.
Qualcomm/CSR Transaction
Representation of Qualcomm in connection with its acquisition of CSR plc, with filings in China, Germany, Japan, Korea and Taiwan.
King Pharmaceuticals Acquisition by Pfizer
Representation of King Pharmaceuticals in its $3.6 billion acquisition by Pfizer.
ExxonMobil Transactions
Representation of ExxonMobil Corporation in numerous transactions, including its $41 billion acquisition of XTO Energy Inc., the largest transaction in the history of the natural gas industry.
AstraZeneca Transactions
Representation of AstraZeneca in relation to the creation of a $3.4 billion diabetes joint venture with BMS, and the subsequent acquisition of sole control over that venture; in its acquisition of the rights to Almirall’s respiratory franchise (for initial consideration of $875 million and up to $1.22 billion in development, launch and sales-related milestones); assisting in the acquisition of the Takeda respiratory portfolio; and in relation to the creation of an oncology joint venture with Fujifilm Kyowa Kirin Biologics (FKB).
Sanofi/Verily Life Sciences Transaction
Representation of Sanofi in connection with obtaining clearances from the European Commission and in China, Korea, Switzerland, Taiwan, Turkey and Ukraine for its collaboration with Google Life Sciences, Inc., now Verily, relating to diabetes management products and services.
Verizon Communications Transactions
Representation of Verizon Communications in several transactions, including its $3.89 billion acquisition of AOL. Also advised the company in connection with its purchase of UK-based Vodafone’s 45 percent ownership of Verizon Wireless, as well as Vodafone’s purchase of Verizon’s interest in Vodafone Italy, which was valued at $124.1 billion.
Altice Transactions
Representation of Altice N.V., in its $18 billion acquisition of Cablevision Systems Corp. and its $9.1 billion acquisition of Suddenlink.
Newport Television Transactions
Advised Newport Television LLC in connection with the sale of broadcast television stations to Sinclair Broadcasting, Nexstar Broadcasting, and Cox Media Group.
China National Tire & Rubber Co. Transactions
Representation of China National Tire & Rubber Co., in its $7.7 billion acquisition of Pirelli.
Joy Global Transactions
Advised Joy Global in connection with several transactions, including its acquisition of LeTourneau Technologies from Rowan Companies and its sale of LeTourneau’s drilling systems and offshore products businesses to Cameron International.
Communications and Media Joint Ventures
Counseling for joint ventures for a variety of clients in media and communications, including cable channel ventures, joint ventures for video programming and content, and satellite, wireless, and broadcast joint ventures.
Ameron International Antitrust Clearance
Represented oilfield services company Ameron International in obtaining antitrust clearance for its acquisition by National Oilwell Varco.
Chemtrade Logistics Inc. Merger Review Clearance
Representation of Chemtrade Logistics Inc. in obtaining merger review clearance for its $860 million acquisition of General Chemical Corp.
Electronic Arts in its Acquisition of 19.9% Stake in Ubisoft Entertainment
Representation of Electronic Arts in its acquisition of a 19.9% stake in French game company Ubisoft Entertainment, in a transaction requiring the participation of multiple Covington offices on various corporate, antitrust and international issues.
Merck Merger with Schering-Plough
Representation of Merck in its $41 billion merger with Schering-Plough.
Prysmian S.p.A. in Its Tender Offer for Draka Holding N.V.
Representation of Prysmian S.p.A., a global manufacturer of power transmission and telecommunications cable, in its $1.2 billion tender offer for cable and optical fiber manufacturer Draka Holding N.V.
Representation of De Persgroep
Acted for De Persgroep as a complaining third party in the Mediahuis merger. The case was unprecedented as it resulted in a 3 to 2 merger in the newspaper sector. The merger was conditionally cleared by the new Belgian competition authority.
Aristocrat Leisure Ltd. Transactions
Covington advised Aristocrat Leisure Ltd. in its $1.3 billion acquisition of Video Games Technology Inc. (VGT) and in its $990 million acquisition of Big Fish Games, Inc. Covington regularly advises Aristocrat on antitrust transactional and other matters.
NFL Licensing and Other Transactions
Advised the National Football League in numerous licensing and other transactions.
Salix Pharmaceuticals Transactions
Represented Salix Pharmaceuticals in antitrust issues related to its $2.6 billion acquisition of Santarus, Inc., another specialty pharmaceutical company focused on gastrointestinal treatments and in its $300 million acquisition of Oceana Therapeutics, LCC.
Michelin Transaction
Representing Michelin in its acquisition of IHLE Holding AG. The transaction involved six national European merger notifications, namely in France, Germany, Austria, Hungary, Romania, and the Czech Republic. This was the first time that an upstream tire manufacturer and supplier took control over a wholesale tire distributor in Europe creating substantial questions about the effects of this vertical integration.
Tribune/Sinclair Transaction
Represented Tribune Media in the merger of Tribune and Sinclair Broadcasting.
March 31, 2020
LONDON—James Marshall has joined Covington’s Competition Practice in London as a partner. Mr. Marshall advises on all aspects of competition law and sector regulation and regularly counsels clients on merger control, investigations, commercial deals, abuse of dominance, and compliance. He is recommended by Legal 500 in multiple categories and is recognized as a ...
July 29, 2019
WASHINGTON—The National Law Journal has named Covington partner Anne Lee a “DC Rising Star,” recognizing her as one of the “region’s 40 most promising lawyers age 40 and under.” Recently named co-chair of Covington’s Global Antitrust practice, Ms. Lee represents clients in complex commercial and antitrust litigation and has litigated cases at the trial and ...
Covington Successfully Represents Discovery Communications In DOJ Investigation Into Its Acquisition of Scripps Networks
February 27, 2018
WASHINGTON—Covington successfully represented Discovery Communications, Inc. in a U.S. Department of Justice investigation into Discovery’s acquisition of Scripps Networks Interactive. Discovery announced earlier today that the DOJ closed its investigation into the transaction. Discovery announced in July 2017 that it had reached a definitive agreement to ...
Covington Named to GCR's Global Elite
January 16, 2018
WASHINGTON—Global Competition Review has once again named Covington to its 2018 "Global Elite," a list of the top 25 antitrust practices worldwide, as well as including the firm in the list of top ten practices globally for both Mergers and Antitrust Litigation. Each year, GCR undertakes extensive analysis of antitrust and competition law groups in 50 ...
Q&A with Deborah Garza
March 23, 2017, Global Competition Review
Deborah Garza discusses antitrust cartel enforcement ahead of GCR Live Cartels in an interview with Global Competition Review.
Navigating anti-competition enforcement globally
January 31, 2017, Compliance Week
Michael Fanelli and Kevin Coates are quoted in a Compliance Week article examining how companies are navigating the global enforcement landscape. Commenting on global antitrust investigations, Fanelli says, “[Cooperation] involves a real thorough investigation to show you’re doing everything you can to root out the problem.” Applying for leniency may not always ...
Six Covington Lawyers Named Law360 MVPs
January 3, 2017
WASHINGTON—Law360 has named six Covington lawyers as MVPs in their respective practice areas. The awards single out lawyers from across various practice areas based on their “success in high-stakes litigation, complex global matters, and record-breaking deals.” The Covington lawyers recognized as Law360 MVPs are: Shara Aranoff, International Trade. Ms. ...
Sports MVP: Covington & Burling's Derek Ludwin
December 21, 2016, Law360
Law360 selected Derek Ludwin as a 2016 Sports MVP and profiled his work over the past year, including his defense of the U.S. Olympic Committee against an antitrust challenge to its longtime ban on on-field advertising brought by Olympic runner Nick Symmonds through his company, Run Gum. “This is an organization that a lot of us grew up following. It’s the ...
Two Covington Partners on GCR’s Women in Antitrust List
December 2, 2016
LONDON—Global Competition Review has named two Covington partners to its Women in Antitrust list. Now in its fifth year, the report aims to identify and celebrate achievements of elite female antitrust professionals in private practice, as well as expert economists, in-house counsel, enforcers, and academics around the world. Miranda Cole is a partner based in ...
July 13, 2016, Covington Alert
On July 1, 2016, the German Federal Ministry of Economic Affairs and Energy published a proposed draft amendment to the German Act against Restraints of Competition, which would introduce a new merger control notification threshold based on transaction value. The draft (i) introduces a new merger control notification threshold based on transaction value, (ii) ...
July 13, 2016, Covington Alert
Yesterday, the Antitrust Division of the Department of Justice (“DOJ”) announced that it has settled its lawsuit against ValueAct Capital Management L.P. (“ValueAct”) for violating the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The settlement is noteworthy for two principal reasons: (i) the size of the civil penalty ($11 million); and ...
May 4, 2016, Bloomberg
Deborah Garza is quoted in this Bloomberg article discussing the Justice Department’s recent merger investigations under Bill Baer. According to Garza, "The Justice Department is increasingly adopting the Nancy Reagan slogan: ‘Just say no.’"
Former DG COMP State Aid Official Sophie Bertin Joins Forces With Covington's EU Competition Practice
April 20, 2016
BRUSSELS — Sophie Bertin, a former senior official who served as Head of Unit in the “Financial Crisis” Task Force within the Directorate-General for Competition at the European Commission, has joined forces with Covington’s global antitrust and competition practice. Ms. Bertin will be working with the firm’s Brussels and London offices. At DG COMP, Ms. Bertin ...
April 13, 2016, National Defense
Scott Freling is quoted in this National Defense article exploring the DOJ and FTC joint statement on preserving competition in the defense industry. According to Freling, the interagency truce should “provide some comfort” to defense contractors that mergers and acquisitions can go forward, albeit “under the right circumstances.” Brown adds, the statement ...
Covington Wins ‘Merger Control Matter of the Year’ Award
April 6, 2016
WASHINGTON, DC — Global Competition Review has selected Expedia’s $1.3 billion acquisition of Orbitz Worldwide as its “Merger Control Matter of the Year - Americas” at the GCR Awards 2016. Covington partners Thomas Barnett and Anne Lee served as lead antitrust counsel to Expedia during the transaction. The acquisition triggered a U.S. Department of Justice ...
April 4, 2016
BRUSSELS — Kevin Coates, a former senior official who served as Head of one of the Cartels Units at the Directorate-General for Competition at the European Commission between 2012 and 2016, has joined Covington’s antitrust and competition practice. Over the last 16 years, Mr. Coates has held several senior positions within DG COMP and before that served as ...
Interview with Miranda Cole
February 16, 2016, Competition Law Insight
Miranda Cole is showcased by Competition Law Insight in this feature.
February 10, 2016
WASHINGTON, DC - The Leadership Council on Legal Diversity (LCLD) has chosen Covington partner Anne Lee to be a member of its 2016 class of Fellows. The program is designed to build relationships and leadership skills that can be passed down to future generations of leaders in the legal profession. Tammy Albarrán, Co-Chair of Diversity Initiatives at Covington ...
Covington Named to GCR's Global Elite
January 15, 2016
WASHINGTON, DC — Global Competition Review has again named Covington to its 2016 “Global Elite,” a list of the top 25 antitrust practices worldwide. Each year, GCR undertakes extensive analysis of antitrust and competition law groups in 50 jurisdictions around the world. In its profile of the firm, GCR calls Covington’s antitrust and competition practice an ...
December 10, 2015
WASHINGTON, DC, December 10, 2015 - Global Competition Review has named Covington partner Anne Lee to its “40 Under 40” list, profiling 40 of the world’s top young antitrust lawyers, enforcers and in-house counsel. Ms. Lee represents clients in complex commercial and antitrust litigation, including cases at the trial and appellate levels in both state and ...
December 9, 2015
NEW YORK, December 9, 2015 - Covington advised Grupo P.I. Mabe, the leading producer of hygienic products in Mexico, on its sale to Ontex Group NV, a publicly listed company based in Belgium. The transaction is expected to close in the first quarter of 2016. The transaction will require regulatory approvals in Mexico, the US and certain other countries, and has ...
December 8, 2015
NEW YORK, December 8, 2015 - Covington represented Ascension, the nation’s leading Catholic and non-profit health system, in a $200 million investment transaction with TowerBrook Capital Partners in Accretive Health, a leading provider of revenue cycle management services to healthcare providers. The transaction is expected to close in the first quarter of ...
A year of Vestager
November 5, 2015, Global Competition Review
Johan Ysewyn is quoted in a Global Competition Review article assessing Margrethe Vestager’s first year as European commissioner for competition. According to Ysewyn, “For the first time in quite a long while, [Europe has had] a combination of a commissioner who, I believe, understands the political nuances of competition law, and a director general who actually ...
Covington's Garza Testifies Before Senate Antitrust Subcommittee in Support of SMARTER Act
October 7, 2015
WASHINGTON, DC, October 7, 2015 – Covington partner Deborah Garza testified on Wednesday before the U.S. Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights in support of the proposed Standard Merger and Acquisition Reviews Through Equal Rules Act (SMARTER Act) of 2015. The SMARTER Act is a draft bill that would equalize the merger ...
June 17, 2015
WASHINGTON, DC, June 17, 2015 — Covington Partner Deborah Garza testified on Tuesday before the U.S. House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law in support of the re-introduced Standard Merger and Acquisition Reviews Through Equal Rules Act (SMARTER Act), a draft bill that would equalize the merger enforcement authority of ...
Covington Advises Joy Global on Acquisition of Montabert
June 4, 2015
NEW YORK, June 4, 2015 — Covington acted as U.S. M&A and antitrust counsel to Joy Global, Inc., a leader in high-productivity mining solutions, on its French-law governed acquisition of Montabert S.A.S. from Doosan Holding France S.A.S., an affiliate of South Korean conglomerate Doosan Global, for EUR 110 million. Montabert specializes in the production and ...
April 23, 2015
BRUSSELS, April 23, 2015 — Covington’s EU Competition practice was named Best Competition and Antitrust Law Firm at the Belgian Legal Awards 2015. Covington’s team was praised for several successes, including acting for Brabomills, a flour producer, in a cartel investigation, prompting the Brussels Court of Appeal to annul the company’s fine on the basis of ...
Covington Honored at GCR Awards 2015
April 20, 2015
WASHINGTON, DC, April 20, 2015 — Global Competition Review has selected matters led by Covington lawyers as winners of two 2015 GCR Awards. Litigation of the Year, Cartel Defense was awarded for the defendants’ win in Motorola Mobility v AU Optronics, et al. Covington partners Robert Wick and Derek Ludwin in Washington, DC, and Jeffrey Davidson in San ...
January 16, 2015, Covington E-Alert
December 22, 2014
WASHINGTON, December 22, 2014 — The Global Competition Review (GCR) has named Covington & Burling to its Global Elite, a list of the top 20 competition practices worldwide, ranking it among the top practices in both Brussels and Washington, D.C. Each year, GCR undertakes extensive analysis of competition law groups in 50 jurisdictions around the world. In ...
LabCorp Acquires Covance In $6.1B In Cash-Stock Deal
November 3, 2014, Law360
Covington partners Thomas Barnett, Miranda Cole and Anne Lee provided antitrust counsel to research firm Covance in this $6 billion deal in which Covance was acquired by Laboratory Corp of America Holdings.
October 27, 2014
Brussels, 27 October, 2014 — Covington & Burling is pleased to announce that Andrea Zulli is joining the firm’s EU competition group. Mr. Zulli was previously head of the Italian antitrust and competition group at a leading international practice. Mr. Zulli will be resident in the firm’s Brussels office, and will play an important role in the firm’s EU ...
October 27, 2014
WASHINGTON, DC, October 27, 2014 —U.S. District Judge Analisa Torres recently granted summary judgment to Acorda Therapeutics in a nearly three-year-old antitrust and false advertising lawsuit brought by Apotex. Covington & Burling represented Acorda. Apotex alleged that Acorda Therapeutics had engaged in anticompetitive conduct to delay entry of Apotex’s ...
October 27, 2014, GCR
This article features Andrea Zulli, who recently joined Covington's EU competition group: Zulli, 40, will work mainly in pharmaceuticals and life sciences sectors in his new firm. He says it was a hard decision to leave Norton Rose – where he was local partner – but ultimately he wanted to return to Brussels – “the heart of antitrust in Europe”. “Not only ...
10/30/2014
SAN FRANCISCO, October 29, 2014 — The California State Bar’s Antitrust & Unfair Competition Section recognized Covington & Burling partner Phillip Warren as the 2014 “Antitrust Lawyer of the Year.” Mr. Warren was honored at the 24th annual Golden State Antitrust and Unfair Competition Law Institute & Antitrust Lawyer of the Year event on October 16 in San ...
October 3, 2014, Covington E-Alert
Covington boosts US antitrust partnership by three
October 1, 2014, Global Competition Review
Ashley Bass, Andrew Lazerow and Anne Lee are featured in this article on their recent promotion to the partnership: "Covington & Burling has three new US antitrust partners this morning after voting to promote Ashley Bass, Andrew Lazerow and Anne Lee to the partnership in a meeting on Monday." "Lazerow, 44, who fielded questions about abortion pills and ...
2014, 79 Antitrust Law Journal No. 2
Former San Francisco DOJ Antitrust Chief Joins Covington
May 30, 2014
SAN FRANCISCO, May 30, 2014 — Phillip Warren, former chief of the San Francisco office of the U.S. Department of Justice’s Antitrust Division, has joined Covington & Burling as a partner. He will practice in the firm’s global antitrust and competition law practice and be resident in the San Francisco office. Mr. Warren has more than 30 years of antitrust ...
One lateral hire and one return for Covington
April 30, 2014, GCR
Covington partners Peter Camesasca and Johan Ysewyn are featured in the articles above regarding their move to the firm's Brussels office.
4/30/2014
Brussels, 30 April, 2014 — Covington & Burling is pleased to announce that Johan Ysewyn and Peter Camesasca are joining the firm's Brussels office as partners, where they will play substantial roles in the firm’s global antitrust and competition practice. The additions of Mr. Ysewyn and Dr. Camesasca will strengthen the firm’s existing EU competition team in ...
April 7, 2014
WASHINGTON, DC, April 7, 2014 — Covington & Burling partner Deborah Garza testified on Thursday before the U.S. House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law in support of a draft bill that would equalize the merger enforcement authority of the U.S. Federal Trade Commission and U.S. Department of Justice. “The premise of SMARTER ...
February 20, 2014, Covington E-Alert
February 11, 2014, Covington E-Alert
Covington Advises Aspera on Its Sale to IBM
December 20, 2013
SAN FRANCISCO, December 20, 2013 — Covington & Burling advised Emeryville, Calif.-based Aspera, Inc. in its sale to IBM. Aspera’s high-speed transfer technology helps clients securely speed the movement of massive data files around the world. Aspera's technology, licensed to clients and partners either in the cloud or on premises, reduces transmission times for ...
12/4/2013
WASHINGTON, DC, December 4, 2013 — Covington & Burling advised Chemtrade Logistics Income Fund in its $860 million acquisition of General Chemical Holding Company. The acquisition will expand Chemtrade’s North American water treatment chemicals and sulfuric acid businesses into new geographic areas and broaden the company’s specialty chemicals product portfolio. ...
November 8, 2013, Covington E-Alert
September 3, 2013
SAN FRANCISCO, September 3, 2013 — Covington & Burling is advising Microsoft Corp. in its purchase of substantially all of Nokia’s devices & services business. Under the transaction, Microsoft will also license Nokia’s patents, and license and use Nokia’s mapping services. The total transaction price is EUR 5.44 billion in cash — or more than $7 billion. The ...
July 2, 2013, Covington E-Alert
March 28, 2013
WASHINGTON, DC, March 28, 2013 — Lanny A. Breuer, most recently the Assistant Attorney General for the Criminal Division at the U.S. Department of Justice, is returning to Covington & Burling as Vice Chair of the firm. Mr. Breuer’s practice will encompass a wide range of civil and criminal litigation matters, as well as governmental and internal investigations. ...
February 26, 2013, Covington E-Alert
November 28, 2012
NEW YORK, November 28, 2012— Covington & Burling is advising Grupo Financiero Banorte S.A.B. de C.V., and its affiliate Afore XXI Banorte, S.A. de C.V., in a $1.6-billion acquisition of Afore Bancomer, S.A. de C.V. from the Spanish bank, Banco Bilbao Vizcaya Argentaria S.A., which would create Mexico’s largest pension fund. Afore Bancomer is Mexico’s second ...
Covington Opens New Office in Seoul
November 1, 2012
WASHINGTON, DC, November 1, 2012 — Covington & Burling opens its Seoul office today after securing final approval from the Korean Ministry of Justice and the Korean Bar Association. The new office will be located in the Meritz Tower, at 825-2, Yeoksamdong in the heart of Seoul’s Gangnam business district. “We are honored to be among the first U.S. law firms to ...
Covington Advises Meda on Acquisition of Jazz Pharmaceuticals’ Women’s Health Products
September 6, 2012
LONDON, 06 September, 2012 — Covington & Burling LLP acted as legal advisers to Meda in an agreement with Jazz Pharmaceuticals to acquire a portfolio of six pharmaceutical products for women for $95 million in cash. The largest and most important product in the portfolio is Elestrin, a patented product with sales of almost 100 MSEK, that doctors prescribe for ...
August 10, 2012
WASHINGTON, DC, August 10, 2012 — Covington & Burling LLP is pleased to announce that partner Theodore Voorhees has been named chair of the American Bar Association’s Section of Antitrust Law for the 2012-13 term. Covington’s Katherine Sauser will serve as the chair assistant. “It is exciting and a great honor to become chair at a time of historic proliferation ...
April 23, 2012
WASHINGTON, DC, April 23, 2012 — Covington & Burling represented AstraZeneca in its $1.26 billion acquisition of Ardea Biosciences. Under the agreement, AstraZeneca will pay $32 per share for all of the outstanding shares of Ardea. AstraZeneca is a global, innovation-driven biopharmaceutical business with a primary focus on the discovery, development and ...
4/23/2012
NEW YORK, April 23, 2012 — Covington & Burling represented Thomson Reuters in a definitive agreement to sell its Healthcare business to an affiliate of Veritas Capital for $1.25 billion in cash. The sale, expected to close in the next few months, is subject to regulatory approval and customary closing conditions, including the expiration or termination of ...
Covington Wins 'Merger Control Matter of the Year' Award
4/2/2012
LONDON, 2 April, 2012 — Global Competition Review has selected Microsoft Corp.’s $8.5 billion acquisition of Skype Global S.à.r.l. as the winner in the “Merger Control Matter of the Year - Europe” category of the GCR Awards 2012. Covington’s Brussels competition team, led by partners Lars Kjølbye and Miranda Cole, advised Microsoft on competition-related aspects ...
Covington to Open Seoul Office, Adds William H.Y. Park
March 12, 2012
WASHINGTON, DC, March 12, 2012 — Covington & Burling LLP has applied to open a new office in Seoul and tapped William H.Y. Park, a veteran corporate lawyer based in Korea, to help oversee the expansion. Mr. Park will work closely with former Ambassador to the United Nations Daniel Spiegel, senior of counsel at Covington, who will be the Foreign Legal Consultant ...
March 7, 2012
LONDON, 07 March, 2012 — Global Competition Review has selected Covington & Burling LLP to its shortlist for the “Merger Control Matter of the Year Award - Europe” for the firm’s work advising Microsoft Corp. in its $8.5 billion acquisition of Skype Global S.à.r.l. The Brussels competition team, led by partners Lars Kjølbye and Miranda Cole, advised on the ...
February 15, 2012
WASHINGTON, DC, February 15, 2012 — BTI Consulting Group named Tim Hester, chair of Covington & Burling’s management committee, as one of its 2012 “Client Service All-Stars.” The BTI “Client Service All-Stars” are North American and European lawyers who have been identified based on the unprompted, unequivocal recommendations from corporate counsel for ...
Covington Named to GCR’s Global Elite
February 6, 2012
BRUSSELS, 6 February, 2012 — The Global Competition Review has named Covington & Burling to the Global Elite, a list of the top 20 competition practices worldwide recognised in its annual GCR 100 rankings. The 2012 edition of the publication’s GCR 100 provides extensive analysis of antitrust groups in 41 jurisdictions around the world. In honoring Covington, ...
Covington Advises SandRidge in $1.275 Billion Acquisition of Dynamic Offshore Resources and Related Financing
February 1, 2012
New York, February 1, 2012 — Covington & Burling advised SandRidge Energy, Inc. on its announced acquisition of Dynamic Offshore Resources, LLC for $1.275 billion in cash and stock. Under the agreement, SandRidge will pay about $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share. Covington also advised ...
January 24, 2012
WASHINGTON, DC, January 24, 2012 — Covington & Burling LLP represented ChemGen Corp. in its definitive merger agreement with Eli Lilly and Company. Upon closing of the transaction, ChemGen will become a wholly-owned subsidiary of Eli Lilly and an operating unit of Elanco, the animal health division of Eli Lilly. ChemGen, headquartered in Gaithersburg, ...
January 19, 2012, Covington E-Alert
January 11, 2012, Covington E-Alert
November 30, 2011, Covington E-Alert
November 18, 2011, Covington E-Alert
November 10, 2011
WASHINGTON, DC, November 10, 2011 — Covington & Burling represented Salix Pharmaceuticals, Ltd. in its agreement to acquire Oceana Therapeutics, Inc., a privately held global provider of gastroenterology and urology therapeutics, for $300 million in cash. “The acquisition of Oceana expands our product portfolio of innovative products, furthers the ...
August 31, 2011
NEW YORK, August 31, 2011 — Joy Global Inc. (NASDAQ: JOYG), a worldwide leader in high-productivity mining solutions, reported today that it has entered into a definitive agreement to sell the drilling products business of its recently acquired LeTourneau Technologies, Inc. to Cameron International Corporation (NYSE: CAM) for $375 million in cash, subject to ...
Covington Advises Microsoft in $8.5 Billion Skype Deal
May 10, 2011
WASHINGTON, SAN FRANCISCO, BRUSSELS, AND LONDON, May 10, 2011 —Covington & Burling LLP is advising Microsoft Corp. in its acquisition of Skype Global S.à.r.l., the leading Internet communications company, for $8.5 billion in cash. Microsoft’s purchase of Skype from the investor group led by Silver Lake is expected to increase the accessibility of real-time ...
February 18, 2011, Covington E-Alert
October 12, 2010
NEW YORK, October 12, 2010 — King Pharmaceuticals and Pfizer announced today that they have entered into an agreement for Pfizer to acquire all of the outstanding stock and stock equivalents of King for $14.25 in cash per share, or aggregate consideration of $3.6 billion. Covington & Burling LLP advised King on the transaction. King is a vertically integrated ...
October 2010, The Antitrust Source
August 24, 2010, Covington E-Alert
August 20, 2010
WASHINGTON, DC, August 20, 2010 — Competition Law360 has named Covington & Burling LLP partner Deborah Garza, co-chair of the firm’s global antitrust and consumer law practice, one of the “10 Most Admired Competition Attorneys.” The list was selected by a board comprised of lawyers and the editors of Law360 from hundreds of nominations submitted by lawyers at ...
August 2, 2010
WASHINGTON, DC, August 2, 2010 — The Washington Post Company has today announced its agreement to sell Newsweek to a company owned by Dr. Sidney Harman, the founder and chairman emeritus of Harman International. Covington & Burling LLP advised The Washington Post Company on the transaction. The terms of the sale have not been announced. The Washington and New ...
Covington Advises SandRidge Energy on Closing of Merger with Arena Resources, Creating a $6.2 Billion Company
July 20, 2010
NEW YORK, July 20, 2010 — SandRidge Energy, Inc. has completed its acquisition of Arena Resources, Inc., creating a combined company with an enterprise value of approximately $6.2 billion. Covington & Burling LLP advised SandRidge Energy on the transaction. The merger closed on July 16 following special meetings of the stockholders of each company. The ...
February 22, 2010
WASHINGTON, DC, February 22, 2010 — Covington & Burling LLP is pleased to announce that Timothy P. Stratford, who most recently served as Assistant U.S. Trade Representative (USTR) for China Affairs, has joined the firm as a partner. He will be resident in the firm’s Beijing office and will practice in the International Trade and Finance group. Mr. Stratford’s ...
Covington Advises Financial Federal Corporation on $738M Merger with People’s United Financial
2/22/2010
NEW YORK, February 22, 2010 — Financial Federal Corporation and People’s United Financial, Inc. have completed the merger of Financial Federal with People’s United in a transaction valued at approximately $738 million. Covington & Burling LLP advised Financial Federal on the transaction. Financial Federal is a financial services company providing collateralized ...
January 22, 2010, Covington E-Alert
Covington Expands Antitrust Group With DOJ’s O’Connell
9/10/2009
WASHINGTON, DC, September 10, 2009 — Covington & Burling LLP is pleased to announce that James O’Connell, who most recently served as Deputy Assistant Attorney General in charge of International, Policy, and Appellate matters in the Justice Department’s Antitrust Division, has joined the firm as a partner. He will be resident in the firm’s Washington office and ...
7/22/2009
NEW YORK, NY, July 22, 2009 — Medarex and Bristol-Myers Squibb announced today that Bristol-Myers Squibb entered into an agreement for Bristol-Myers Squibb to acquire all of the outstanding stock and stock equivalents of Medarex for $16.00 in cash per share, or aggregate consideration of $2.4 billion. Covington & Burling LLP advised Medarex on the ...
June 12, 2009
WASHINGTON, DC, June 12, 2009 — Covington & Burling LLP received 100 individual mentions and 40 practice mentions in Chambers USA 2009. The guidebook, which ranks lawyers by state and national practice area, is designed to identify the most skilled legal practitioners based on the qualities most valued by clients. Here are the Covington lawyers and practices ...
Senior DOJ Antitrust Official Joins Covington as Co-Chair of Global Competition Practice
3/23/2009
WASHINGTON, DC, March 23, 2009 — Covington & Burling LLP is pleased to announce that Deborah Garza, who most recently served as Acting Assistant Attorney General in charge of the Justice Department’s Antitrust Division, has joined the firm. Ms. Garza will co-chair, along with Thomas O. Barnett, the firm’s global antitrust and competition law practice. Ms. Garza ...
March 18, 2009, Covington E-Alert
2/9/2009
BRUSSELS, February 9, 2009 — Covington & Burling LLP is pleased to announce the arrival of Miranda Cole, who joins the firm’s EU competition practice in Brussels as special counsel. Ms. Cole practices competition and communications law and policy, and has some 15 years of experience in the field. Ms. Cole’s expertise in the competition field encompasses merger ...
1/28/2009
WASHINGTON, DC, January 28, 2009 — Covington & Burling LLP is pleased to announce that Thomas O. Barnett, who most recently served as Assistant Attorney General in charge of the Justice Department’s Antitrust Division, has rejoined the firm. Mr. Barnett began his career in private practice at Covington and was an antitrust partner at the firm until he joined the ...
China Anti-Monopoly Law: MOFCOM Approves InBev/AB Merger and Explains Its Processes and Reasoning
November 25, 2008, Covington E-Alert
Covington Advises Procter & Gamble on Sale of Noxzema
9/8/2008
NEW YORK, NY, September 8, 2008 — Alberto-Culver Company announced today that it signed an agreement to acquire the Noxzema skin care brand from The Procter & Gamble Company. The agreement includes the existing business in the United States, Canada and portions of Latin America. Procter & Gamble will continue to operate its existing Noxzema shave care, ...
8/7/2008
WASHINGTON, DC, August 7, 2008 — On August 5, Intercell AG completed its acquisition of Iomai Corporation (now known as Intercell USA, Inc.) in a deal that will create a leading traveler’s vaccine portfolio. Covington & Burling LLP advised Intercell on the transaction. Intercell is a growing biotechnology company which focuses on the design and development of ...
Covington Advises Procter & Gamble On Sale of ThermaCare
7/17/2008
NEW YORK, NY, July 17, 2008 — Wyeth Consumer Healthcare, a division of Wyeth, announced that it signed an agreement to purchase ThermaCare, a leading over-the-counter heat wrap, from Procter & Gamble. Covington & Burling LLP advised Procter & Gamble on the transaction. Introduced in the United States in 2002, ThermaCare Heat Wraps use heat therapy to relieve ...
June 16, 2008
WASHINGTON, DC, June 16, 2008 — Covington & Burling LLP received 81 individual mentions and 45 practice mentions in the newly released 2008 Chambers USA. The guidebook, which ranks lawyers by state and national practice area, is designed to identify the most skilled legal practitioners based on the qualities most valued by clients. Here are the Covington ...
FTC Deputy General Counsel Graubert Joins Covington
3/3/2008
WASHINGTON, DC, March 3, 2008 — Covington & Burling LLP is pleased to announce that John Graubert has joined the firm’s antitrust and consumer law group as a partner. Mr. Graubert, who most recently served as Principal Deputy General Counsel at the Federal Trade Commission, will be resident in the firm’s Washington office. At the FTC, Mr. Graubert managed all ...
Covington Advises Encysive on Pfizer Deal
2/21/2008
WASHINGTON, DC, February 21, 2008 — Encysive Pharmaceuticals Inc. announced yesterday that it has entered into an agreement to be acquired by Pfizer Inc. Under the terms of the agreement, Pfizer will make a cash tender offer for all issued and outstanding shares of Encysive for $2.35 per share, representing an equity value of approximately $195 million. ...
2/1/2008
SAN FRANCISCO, CA, February 2, 2008 — Covington & Burling LLP advised Schwab Performance Technologies in its acquisition of RIA back office outsourcing provider Etelligent Consulting, Inc. Financial terms of the transaction have not been disclosed. Founded in 1985, Schwab Performance Technologies is a subsidiary of The Charles Schwab Corporation and a leading ...
1/2/2008
NEW YORK, NY, January 2, 2008 — Coty Inc. has completed its acquisition of DLI Holding Corp., the parent company of Del Laboratories, Inc., one of the leading manufacturers of nail care, cosmetics, personal care, and OTC products. Covington & Burling LLP advised Coty on the transaction.Coty Inc. is the world’s largest fragrance company and a recognized leader in ...
12/28/2007
LONDON, December 28, 2007 - The latest edition of Chambers Global has ranked Covington & Burling LLP’s expertise in 12 categories globally. “Sound knowledge of the industry” and “sheer breadth of experience“ are just some of the comments gathered by the research team from the firm’s clients. The firm has also achieved 10 individual rankings and a further 16 ...
11/01/2007
NEW YORK, NY, November 1, 2007 — Mainfreight Limited has completed its acquisition of AMEX-listed Target Logistics, Inc. in an all-cash transaction. Covington & Burling LLP advised Mainfreight on the transaction. Mainfreight is a global supply chain logistics provider with approximately 3,000 team members based in operations in New Zealand, Australia, Asia, and ...
September 6, 2007
WASHINGTON, DC, September 6, 2007 — Covington & Burling LLP received 115 individual mentions in 38 areas of law in the 2008 edition of The Best Lawyers in America. This annual compilation of top US lawyers is based on peer-review surveys and is used as a referral guide in the legal profession. The recipients are as follows: Administrative: E. Edward Bruce and ...
June 18, 2007
WASHINGTON, DC, June 18, 2007 — Covington & Burling LLP received 44 practice mentions and 74 individual mentions in the newly released 2007 Chambers USA guidebook. The 2007 edition of Chambers USA attempts to identify the most skilled legal practitioners throughout the country based on the qualities most valued by clients. Covington attorneys have been ...
Covington Advises Procter & Gamble in Consumer Diagnostic Products Joint Venture with Inverness
May 18, 2007
NEW YORK, NY, May 18, 2007 — The Procter & Gamble Company and Inverness Medical Innovations, Inc. announced that they have completed their previously announced deal to form a 50/50 joint venture for the development, manufacturing, marketing and sale of existing and to-be-developed consumer diagnostic products. Inverness contributed its related consumer ...
January 22, 2007
NEW YORK, NY, January 22, 2007 — Covington & Burling LLP advised Coty Inc. in its $125 million sale of the Calgon® and healing garden® brands, the number one and two brands respectively in the specialty bath sector, to Ascendia Brands, Inc. The transaction is expected to close in the first quarter of 2007.Coty Inc. is the world’s largest fragrance company with ...
January 17, 2007
NEW YORK, NY, January 17, 2007 — Evraz Group S.A. announced that it successfully completed its tender offer for Oregon Steel Mills, Inc. (NYSE: OS) common stock for $63.25 per share, with approximately 91.5% of the outstanding shares of common stock of Oregon Steel Mills tendered into the offer. The tender offer was the first step of the previously announced ...
Covington Advises JLG Industries in $3.2 Billion Merger into Oshkosh Truck Corporation
10/16/2006
WASHINGTON, D.C., October 16, 2006 — The board of directors of JLG Industries, Inc. (NYSE: JLG) has approved an all cash offer of $28.00 per common share to merge with, and become, a subsidiary of Oshkosh Truck Corporation (NYSE: OSK). According to JLG’s press release, the $3.2 billion merger is dependent on the approval of JLG shareholders. The transaction is ...
Covington Represents Eisai In $205 Million Acquisition of Four Oncology-Related Products
9/13/2006
WASHINGTON, D.C., September 13, 2006 — Covington represented both Eisai Co., Ltd. and Eisai Inc. in the recent $205 million product acquisition agreement with Ligand Pharmaceuticals. Eisai obtained exclusive global rights to four products, including ONTAK®, Targretin® capsules, Targretin® 1% gel and Panretin® 0.1% gel. This acquisition will help to ...
June 23, 2006
NEW YORK, June 23, 2006 - The board of directors of Kerr-McGee Corp. (NYSE: KMG) has approved an all cash offer of $70.50 per common share to merge into Anadarko Petroleum Corp. (NYSE: APC). According to Kerr-McGee's press release , the $18 billion merger is dependent on the approval of Kerr-McGee stockholders. It is expected to be finalized by the end of ...
2006/2007, PLC Cross-border Life Sciences Handbook
Covington Advises Kerr-McGee Spin-off, Tronox Inc., in IPO and Related Debt Financings
December 9, 2005
WASHINGTON, D.C., December 9, 2005 - Covington & Burling represented Tronox Inc. in the completion of its initial public offering and related debt financings valued at approximately $800 million. Tronox's IPO involved 17,480,000 shares of its Class A common stock and approximate gross proceeds of $245 million. Covington also advised on related debt ...
October 27, 2005
WASHINGTON, D.C., October 27, 2005 - Covington & Burling represented JLG Industries, Inc. in its global alliance with Caterpillar Inc., the Illinois-based manufacturer of construction and mining equipment. Under the multi-faceted alliance, JLG will purchase Caterpillar's telehandler assets located principally in Europe and develop and manufacture a full line ...
July 21, 2005
NEW YORK, NY, July 21, 2005 - Covington & Burling advised Emory University in the sale of its emtricitabine royalty interest to Gilead Sciences and Royalty Pharma for $540 million. The royalty interest was sold through means of an auction run by Citigroup Global Markets, financial advisor to Emory University, and is the largest known sale of a royalty stream ...
May 20, 2005
WASHINGTON, D.C., May 20, 2005 - Covington & Burling advised Coty Inc. on the acquisition of Unilever's global prestige fragrance business, Unilever Cosmetics International (UCI). According to the terms of the agreement, Coty will purchase the business for $800 million in cash at the closing. Coty Inc. is one of the largest beauty companies in the world, with ...
December 17, 2003
WASHINGTON, D.C., December 17, 2003 - Covington & Burling represented Cysive, Inc. ("Cysive"), a provider of interaction server technology, in its going private transaction that was consummated on December 1, 2003. Cysive was acquired by Snowbird Holdings, Inc. ("Snowbird"), a newly formed entity owned by Nelson A. Carbonell, Jr., Chairman of the Board of ...
August 21, 2002
August 21, 2002 - WASHINGTON, D.C - Covington & Burling represented Riptech, Inc., a leading provider of scalable, real-time managed security services, in its sale to Symantec, Inc. which was consummated on August 19, 2002. Symantec paid an aggregate of $145 million in cash for privately-held Riptech. The combination of Symantec and Riptech will create a global ...
Covington Represents Aegis Research Corporation in Its Sale to ManTech International Corporation
August 5, 2002
August 5, 2002 - WASHINGTON, D.C. - Covington & Burling represented privately-held Aegis Research Corporation, of Falls Church, Virginia, a leading provider of secrecy, security, intelligence, counterintelligence, computer forensics, intrusion analysis and other enterprise protection strategies and technical services to the national security community, in its ...
June 3, 2002
June 3, 2002 - NEW YORK, NY - Covington & Burling represented USA Interactive (NASDAQ: USAI) in its agreement announced on May 31 to acquire Interval International through the acquisition of its holding company, Interval Acquisition Corp., from Willis Stein & Partners, a Chicago-based private equity investment firm, and other investors. USA Interactive agreed to ...
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