B.B. you're making many assumptions..... These attorneys have obviously seen who they're dealing with.I wouldn't be surprised if they don't own any shares or very few now. I know if it were me I would dump them so fast it would make your head spin. But what do I know
Recent transactions of significance involving Duane Morris transactional lawyers include:
US Airways $11 billion merger with American Airlines, as long-time counsel to US Air with regard to governmental and legal matters in Pennsylvania
American Realty Capital Properties acquisitions of REITs in stock and cash deals, establishing it as second-largest REIT in the net lease sector with pro forma enterprise value of $10 billion
Heineken $4.6 billion bid for Asia Pacific Breweries, strengthening its foothold in Southeast Asia and China
American Energy Partners PE-backed equity investment of $1.7 billion in newly formed energy company
RCS Capital $1.5 billion acquisition of Cetera Financial, a leading independent broker-dealer, representing special committee of board of directors of RCAP
Coty $1 billion IPO, representing majority shareholder of global beauty company whose well-known brands of fragrances and cosmetics include adidas, Calvin Klein, Chloe', OPI, philosophy, Playboy, Rimmel and others
Groupon $950 million offering of Series G preferred stock, representing a lead member of the investor group
Australian Graincorp Ltd. $655 million acquisition of United Malt
Metric Capital Partners €465 million fundraising for its second pan-European special situation fund
Balchem $567 million acquisition of Performance Chemicals & Ingredients Co. (d/b/a SensoryEffects), a privately held supplier of customized food and beverage ingredient systems
Quest Diagnostics $485 million sale of royalty rights from commercialization of the cancer drug candidate Ibrutinib
Lehigh Gas Partners $138 million IPO, including $250MM real estate-based bank financing and restructuring of businesses and assets owned by the wholesale motor fuel distributor