Your Securities Digest for November 28, 2016

November 28, 2016

SECurities Digest NewsletterStay connected to the top weekly transactions with the SECurities Digest Newsletter from Business Law Center on Westlaw. With Business Law Center, you’ll get the deal and SEC filing highlights you need delivered right to your inbox.

See below for featured transactions in each of the following categories:

  • Mergers & Acquisitions
  • Offering Summaries
  • No-Action Letters
  • SEC Comment Letters
  • International Prospectuses & 144As

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Mergers & Acquisitions See all recent M&A >

Target Acquiror Amount Description Filing Date Deal Summary
Skyscanner Holdings Limited International, Ltd. GBP 1.4 Billion Chinese Ctrip will acquire UK-based target for cash, shares and loan notes. November 23, 2016 Deal Summary
Energy Transfer Partners, L.P. Sunoco Logistics Partners L.P. $21.3 Billion Sunoco is acquiring ETP, owner of the controversial Dakota Access Pipeline, via stock swap. November 21, 2016 Deal Summary
Symantec Corp. LifeLock, Inc. $2.4 Billion Cash merger of cybersecurity firms, with $87.5M termination fee. November 20, 2016 Deal Summary


Offering Summaries See all recent Offering Summaries

Issuer Security Amount Description Filing Date Offering Summary
Ameri Metro, Inc. Common Stock $60 Million IPO by high-speed rail company is largest of the year done on a best-efforts/direct offering basis. November 23, 2016 Offering Summary
Presidio, Inc. Common Stock $100 Million IPO by IT solutions provider. Will be a “controlled company” after offering, as Apollo Global funds will retain a majority stake. November 22, 2016 Offering Summary
Republic of Korea Debt Securities $2 Billion Sovereign debt offering with proceeds used to fund the currency stabilization activities of the Foreign Exchange Stabilization Fund. November 21, 2016 Offering Summary


International Prospectuses & 144As See all recent International Prospectuses >

Issuer Security Amount Description Filing Date Filings
Government of Bermuda 3.717% Senior Notes $665 Million Regulation S sovereign debt offering; proceeds will be used fund current fiscal year deficit and repay existing indebtedness. November 23, 2016 Filings
Food Wise Holdings Ltd. Shares HKD 67.5 Million 144A IPO for Hong Kong restaurant operator. Proceeds will be used to open new restaurants and expand cuisine offerings. November 17, 2016 Filings
Civitas Social Housing PLC Ordinary Shares GBP 250 Million IPO for UK social housing (apartment buildings) investment trust. November 1, 2016 Filings


SEC Comment Letters See all recent SEC Comment Letters >

Issuer Description Filing Date Documents
Berkshire Hathaway, Inc. Issuer responds to SEC questions surrounding non-GAAP figures for a business segment disclosed in Warren Buffett’s letter to shareholders. October 21, 2016 Documents
Carlyle Group L.P. SEC seeks clarification surrounding Issuer’s funds having carry reversals without a corresponding reversal of performance fee-related compensation expense. October 21, 2016 Documents
Tesla Motors, Inc. SEC issues a series of questions surrounding Issuer’s merger with SolarCity. October 12, 2016 Documents


No-Action Letters See all recent No-Action Letters >

Issuer Rule Description Filing Date Letters
Morgan Stanley Smith Barney LLC 1933 Act – Section 5(a) SEC agrees that if Issuer follows the proposed procedures for offering securities in IPOs, they would not involve a pre-effective sale. November 22, 2016 Letters
Air Products and Chemicals, Inc. 14a-8(e)(2) SEC agrees that Issuer may omit proposal that Issuer adopt time-bound, quantitative, company-wide goals for reducing total greenhouse gas emissions. November 18, 2016 Letters