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Davis Polk is regularly involved in the largest and most complex M&A deals of the day. Clients – longstanding and new, large and small, global and domestic – come to us when the scope and strategic importance of a transaction calls for Davis Polk.

We have a long history of innovation and creative problem-solving. Our prominent role in the unprecedented transactions of the financial crisis, including those involving Citigroup, AIG, Morgan Stanley and Banco Santander, showcased the strength of the firm and deepened our perspective of the evolving conditions of the market and challenges to our clients.
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Awards and Rankings

  • According to Thomson Reuters, in the first quarter of 2013 Davis Polk ranked:
    • 1st in announced worldwide M&A
    • 1st in announced U.S. M&A
    • 1st among U.S. firms in announced European M&A
    • 1st among U.S. firms in announced BRIC M&A


  • According to Bloomberg, in the first quarter of 2013 Davis Polk ranked:
    • 1st in announced global M&A
    • 1st in announced global private equity M&A
    • 1st in announced U.S. M&A


  • 1st tier among U.S. law firms advising on M&A transactions – IFLR1000 2013 and PLC Which lawyer?


  • “M&A Lawyer Deal Team of the Year” and “Corporate Deal of the Year” – Global M&A Network’s 2012 Major Markets M&A Atlas Awards

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    Notable Matters

    Davis Polk has long been the firm of choice for many of the world’s leading blue chip companies.

    ExxonMobil

    • $81 billion merger with Mobil – creating the world’s largest integrated oil company
    • $41 billion stock acquisition of XTO Energy – the largest oil and gas deal in four years


    Comcast

    • $53 billion acquisition of AT&T’s broadband business
    • $37 billion NBCUniversal joint venture with General Electric
    • $16.7 billion acquisition of GE’s 49% common equity stake in NBCUniversal  
    • $3.6 billion sale by SpectrumCo of 122 Advanced Wireless Services spectrum licenses to Verizon Wireless
    • $1.4 billion acquisition of properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, New Jersey
    • $150 million acquisition of shares of the common stock of ARRIS Group 


    Citi

    • Conversion of $58 billion of preferred stock held by the U.S. government and private investors into common stock
    • Joint venture with Morgan Stanley that combined Morgan Stanley’s Global Wealth Management and Citi’s Smith Barney retail brokerage units into a new entity, Morgan Stanley Smith Barney, and sale of its interest in that joint venture 


    Roche

    • $46.8 billion acquisition of the public minority in Genentech – the largest-ever completed going-private transaction
    • $6.7 billion unsolicited proposal to acquire Illumina
    • $3.4 billion hostile acquisition of Ventana Medical Systems


    H.J. Heinz Company

    • $28 billion pending acquisition by a consortium comprised of Berkshire Hathaway and 3G Capital – the largest transaction ever in the food industry
    • $735 million sale of its Weight Watchers classes business
    • $165 million acquisition of Foodstar, a soy sauces company
    • Proxy fight mounted by Trian Group and Nelson Peltz


    Freeport-McMoRan Copper & Gold

    • $25.6 billion acquisition of Phelps Dodge
    • $6.9 billion acquisition of Plains Exploratin & Production Company
    • $3.4 billion acquisition of McMoRan Exploration Co.
    • $435 million acquisition of a large-scale cobalt refinery in Kokkolo, Finland, from Om Group 


    CVS Caremark

    • $25 billion merger with Caremark – forming the largest pharmacy services provider in the U.S.
    • $2.9 billion contested acquisition of Longs Drug Stores
    • $1.25 billion acquisition of the Medicare Part D business of Universal American
    • acquisition of Drogaria Onofre, one of Brazil’s largest retailers of health care and personal care products, in its first-ever international acquisition


    CNOOC

    • $15.1 billion acquisition of Nexen – the largest foreign acquisition by a Chinese company
    • $18.5 billion proposed acquisition of Unocal


    Morgan Stanley

    • $9 billion investment by Mitsubishi UFJ Financial
    • Joint venture with Mitsubishi UFJ Financial that integrated their securities operations in Japan – named "M&A Deal of the Year" at the 2011 Asian Legal Business Japan Awards
    • $1.5 billion disposition of Van Kampen Investments and spinoffs of FrontPoint Partners and Process Driven Trading (PDT)


    ASTRAZENECA

    • $15.6 billion acquisition of MedImmune
    • $7 billion expansion of its diabetes alliance with Bristol-Myers Squibb (BMS) through BMS' acquisition of Amylin Pharmaceuticals


    Oracle

    • $10.3 billion hostile takeover of software company PeopleSoft
    • $5.85 billion acquisition of Siebel Systems
    • $1 billion acquisition of Art Technology Group


    Pepsi

    • $7.8 billion going-private acquisition of its two largest anchor bottlers
    • $5.8 billion acquisition of a 95% stake in Russian food and beverage company Wimm-Bill-Dann Foods


    Aetna

    • $7.3 billion acquisition of Coventry Health Care, a diversified national managed health care company based in Bethesda, Maryland
    • $600 million acquisition of Prodigy Health Group
    • $500 million acquisition of Medicity
    • $290 million acquisition of Genworth Financial’s Medicare Supplement business
    • $202 million acquisition of PayFlex Holdings


    EBX

    • $2 billion strategic partnership with Mubadala Development Company
    • C1.2 billion acquisition of Ventana Gold
    • Splitup MMX Mineração e Metálicos, an EBX company, and subsequent $5.5 billion sale of one of the resulting companies to Anglo American


    China Investment Corporation

    • $1.9 billion investment in Bumi Resources, the largest coal mining company in Indonesia
    • Strategic investments in a variety of companies, including Bank of Communications, Enogex Holdings and China Lumena New Materials


    Emerson

    • £997 million unsolicited acquisition of Chloride Group
    • $1.2 billion acquisition of Avocent
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    Areas of Experience

    Investment Funds Litigation and Investigations Private Equity