HERBERT SMITH FREEHILLS AND ALLENS ENLISTED FOR WOODSIDE TAKEOVER BID
Australian oil company Woodside turned to Herbert Smith Freehills as it rejected a takeover offer by rival Oil Search. Australian firm Allens advised the Papua New Guinea firm that made the £5.3bn offer.
SKADDEN AND LINKLATERS SECURE JAPAN INSURANCE DEAL
Skadden, Arps, Slate, Meagher & Flom advised Mitsui Sumitomo Insurance Underwriting in its takeover of London insurer Amlin. Linklaters acted on the other side of the £3.47bn deal for Amlin, as it has for the client since it listed in the 1990s. Sullivan & Cromwell’s City office, with Clifford Chance, represented Mitsui’s lender Goldman Sachs.
LINKLATERS AND TRAVERS SMITH IN £2.4BN LONGEVITY HEDGE
Linklaters advised Friends Life on its deal with S&N Pensions Group, now part of Heineken, which was advised by Travers Smith. The transaction was to insure the longevity risk in £2.4bn of the plan’s defined-benefit pension liabilities.
CC AND SULLIVAN ACT IN PE PHARMA DISPOSAL
Sullivan & Cromwell’s City office picked up work opposite Clifford Chance on private equity firm Cinven’s £2.3bn sale of pharmaceuticals firm Amdipharm Mercury Company to Concordia Health. Jones Day and Canadian firm Torys also acted for Cinven, while Concordia also instructed Fasken Martineau DuMoulin and Simmons & Simmons as its advisers.