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Apple 'required' to pay Ireland £11bn after illegal state aid case.
Australian data centre operator NEXTDC plans to raise $500m for Asia expansion.
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Diamondback Energy , an independent oil and natural gas company headquartered in Midland, Texas, completed the acquisition of Endeavor Energy Resources, LP , a privately-held exploration and production company, for $26bn.
“We are pleased to announce the closing of this transformative merger, creating a ‘must own’ North American independent oil company. Today, Diamondback is not only bigger, but better. Our high-quality inventory located in the heart of the Permian Basin gives us the running room to do what we do best: turn rock into cash flow,” Travis Stice, Diamondback Energy Chairman and CEO.
Diamondback Energy was advised by Citi , Jefferies and Wachtell, Lipton, Rosen & Katz (led by Steven Green and Zachary Podolsky). Financial advisors were advised by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates (led by Ann Beth Stebbins ). Endeavor Energy Resources was advised by Goldman Sachs , J.P. Morgan , Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Krishna Veeraraghavan , Benjamin Goodchild , Ann Beth Stebbins and Alexia Yang ), Vinson & Elkins (led by Jackson O’Maley, Bryan Loocke and Douglas E. McWilliams) and Joele Frank (led by Matthew Sherman ).
AngloGold Ashanti , an independent and global gold mining company, agreed to acquire Centamin PLC , a gold mining company, for $2.5bn.
"We are delighted to be announcing today's Transaction, which will add a Tier 1 asset to our portfolio. The Transaction is free cash flow accretive in the first full year of production and NAV accretive from day one; it will also offer additional upsides as we leverage our corporate infrastructure and our core competencies in exploration, operations and asset optimisation. We will build on the good work by the Centamin team to realise the significant upside in Centamin. We look forward to welcoming Centamin's employees and shareholders to our group in the coming months," Alberto Calderon, AngloGold Ashanti CEO.
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AngloGold Ashanti is advised by Goldman Sachs , Gordon Dyal & Co. Advisory Group LP , Slaughter and May (led by Harry Hecht) and FGS Global (led by Faeth Birch ). Centamin is advised by BMO Capital Markets , Bank of America , Norton Rose Fulbright and FTI Consulting (led by Ben Brewerton ).
Old Queen Street Ventures, a company owned by British entrepreneur and philanthropist Sir Paul Marshall, completed the acquisition of The Spectator , a weekly British news magazine, for £100m ($131m).
“As a long-term Spectator reader, I am delighted it is joining the OQS stable. The plan is for OQS to make good previous underinvestment in one of the world’s great titles. I am confident that OQS will be a fine custodian, building on the Spectator’s values and successful track record,” Paul Marshall, OQS Media Chairman.
Old Queen Street Ventures was advised by EY , Moelis & Company , White & Case LLP (led by Colin E. Harley, Di Yu and Marc Israel ) and Hanbury Strategy .
Apple 'required' to pay Ireland £11bn after illegal state aid case.
The European Court of Justice has ordered Apple to pay £11bn ($13bn) in back taxes to Ireland following the conclusion of a long-running legal fight that the country did not bring, Sky News reported.
The European Commission brought the action in 2016, to the fury of both Apple and Ireland's government, on the grounds that the EU member state had granted Apple unlawful aid through sweetheart tax base deals over 11 years.
Australian data centre operator NEXTDC plans to raise $500m for Asia expansion.
Australian data centre operator NEXTDC said it was looking to raise a total of AUD$750m ($500m) to expand its data centre pipeline in Asia, tapping further into the global artificial intelligence frenzy.
"NEXTDC continues to see opportunity in the growing cloud and Al-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC", DealStreetAsia reported.
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