Herbert Smith Freehills (HSF) and Cravath, Swaine & Moore are advising British American Tobacco (BAT) on its offer to acquire the remaining 57.8 % stake in Reynolds American for $47bn. BAT had already owned 42.2% of Reynolds for the last 12 years.
Senior management at Addleshaw Goddard is putting further cost-cutting measures in place, with talks to delay staff salary reviews further, while division heads have been told to cut UK travel costs by 50%.
Dentons has advised opposite new Warsaw firm Radzikowski, Szubielska & Partners on Liberty Global's purchase of Poland's number three cable operator, Multimedia Polska for $760m. Radzikowski was formed earlier this year after Chadbourne & Parke's Warsaw office slpit from the US firm in May.