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November 2011

November 30, 2011 7:32 PM

S&C Lands Role as Techint Units Pay $2.7 Billion for Stake in Brazilian Steelmaker

Techint Group subsidiaries Ternium and Tenaris have agreed to purchase a 27.7 percent voting stake in Brazilian steelmaker Usiminas for $2.7 billion.

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11/30/11 Posted by Tom Huddleston Jr.

The Bankruptcy Files: AMR, Lehman, MF Global, PMI, and Power Balance Bracelets

The economy's ongoing struggles are proving to be fruitful for bankruptcy lawyers betting on a second wave of corporate restructuring work in the U.S. and abroad.

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11/30/11 Posted by Brian Baxter

Davis Polk, Linklaters Advise on TE Connectivity's $2 Billion Purchase of Deutsch Group

The company formerly known as Tyco Electronics will add heavy-duty connector maker Deutsch Group to its arsenal for just over $2 billion. 

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11/30/11 Posted by Claire Zillman

Bankruptcy Judge Approves Ruden McClosky's Sale to Lone Suitor

Almost a month after filing for Chapter 11, the remnants of Florida firm Ruden McClosky are set to be sold to Fort Lauderdale-based Greenspoon Marder as part of a deal that returns $5.8 million to creditors.

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11/30/11 Posted by Brian Baxter

Milbank Matches Cravath As Bonus Season Kicks Into High Gear

This just in: Milbank, Tweed, Hadley & McCloy will give its associates bonuses this year equivalent to those announced Monday by Cravath, Swaine & Moore. Skadden, Arps, Slate, Meagher & Flom confirmed Wednesday that it, too, will follow the bonus leader in bestowing extra pay on associates. 

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11/30/11 Posted by Julie Triedman

The Careerist: Women—Still a Blip on the New Partner Radar

Last week's euphoria about women being in the majority of new partners was short-lived. Reality bites from several major firms. Plus other news.

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11/30/11 Posted by Vivia Chen

November 29, 2011 6:45 PM

Ex-Solyndra GC Gaffney Joins Gibson, Dunn

John Gaffney, who served as the failed solar panel maker's top in-house lawyer from February 2010 through the company's bankruptcy filing in September and into early November, returns to the East Coast as a partner in Gibson, Dunn & Crutcher's New York office.

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11/29/11 Posted by Sara Randazzo

Sidley Advising Commercial Metals on $1.73 Billion Bid by Icahn

The firm has been hired by the Irving, Texas–based metal products producer and scrap metal recycler as outside counsel on a takeover bid by activist investor Carl Icahn, who wants to merge the company with his own metals business.

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11/29/11 Posted by Brian Baxter

S&C Leads for Safra Group's $1.1 Billion Takeover of Swiss Bank

Sullivan & Cromwell advises as Safra Group agrees to pay about $1.1 billion in cash to take control of Switzerland's Bank Sarasin. 

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11/29/11 Posted by Tom Huddleston Jr.

Three Firms Take Lead on Proposed Sale of NFL's Jacksonville Jaguars

Foley & Lardner, Proskauer Rose, and Covington & Burling are advising on the potential sale of the National Football League's Jacksonville Jaguars to Illinois auto parts magnate Shahid Khan, who has pledged to keep the team in Florida.

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11/29/11 Posted by Brian Baxter

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