News and Insights

Jenner & Block Advises Silgan in New Senior Notes Offering

Jenner & Block is advising its client Silgan Holdings Inc. in a new senior unsecured notes offering. The private offering of €600 million aggregate principal amount of Silgan’s 4 ¼% Senior Notes due 2031 priced on September 3, 2025 and is expected to close on or about September 12, 2025. ...READ MORE

Jenner & Block Advises Ceres Global Ag Corp. in Sale to Bartlett Grain Company LLC

On July 7, Jenner & Block advised its client Ceres Global Ag Corp. in completing its sale to Bartlett Grain Company LLC, a Savage company. Bartlett’s integration of Ceres is focused on long-term growth; leveraging the combined team’s deep agricultural expertise and shared values around service, integrity, and operational excellence.

Jenner & Block Advises Ceres Global Ag Corp. in Acquisition Agreement

On May 20, Jenner & Block advised its client Ceres Global Ag Corp. in entering into an arrangement agreement for Ceres to be acquired via an all-cash transaction by a newly formed entity controlled by Bartlett Grain Company, LLC— part of the Savage family of companies focused on the acquisition, storage, transportation, processing, and merchandising of grain. Ceres and its subsidiaries connect farmers to customers around the world and add value across agricultural, energy, and industrial supply ...READ MORE

“A Survey of How Public Companies Are Providing Guidance in Light of Tariffs,” Harvard Law School Forum on Corporate Governance

In an article published on the Harvard Law School Forum on Corporate Governance, Partner Alex May examines how public companies are responding to tariff uncertainty using a data-driven approach. The article contains a survey of earnings releases for 100 S&P 500 companies to see how large public companies provided guidance in light of tariffs and identify any emerging patterns....READ MORE

Client Alert: Fifth Circuit Court of Appeals Vacates the SEC’s Share Repurchase Disclosure Modernization Rule Amendments

On December 19, 2023, the US Court of Appeals for the Fifth Circuit (Fifth Circuit) issued a decision[1] vacating the share repurchase disclosure modernization rule amendments that the US Securities and Exchange Commission (SEC) adopted on May 3, 2023[2] (Repurchase Disclosure Rule Amendments), and reiterating the Fifth Circuit’s holding from its earlier October 31, 2023 decision[3] that the SEC had acted arbitrarily and capriciously, in violation of the Administrative Procedure Act, when it fai...READ MORE

Client Alert: SEC Stays the Effectiveness of the Share Repurchase Disclosure Modernization Rule Following Fifth Circuit Decision

On November 22, 2023, the US Securities and Exchange Commission (SEC), issued an order[1](Stay Order) staying the effectiveness of the SEC’s Share Repurchase Disclosure Modernization rule[2](Repurchase Rule) pending further SEC action. This step by the SEC follows an opinion issued on October 31, 2023, by the US Court of Appeals for the Fifth Circuit (Fifth Circuit) in Chamber of Commerce of the United States of America et al. v. SEC, in which the court found that the SEC had acted arbitrarily a...READ MORE

A Survey of How Public Companies are Providing Guidance in Light of Tariffs

In recent days, the Trump administration has proposed additional tariffs, causing further uncertainty for many public companies. As companies approach their current quarterly guidance, we took a data-driven approach to see how large public companies provided guidance in light of tariffs and to see if any patterns emerged....READ MORE

SEC Staff Legal Bulletin 14M Rescinds Prior Staff Guidance and Implements More Company-Friendly Approaches to Shareholder Proposals under Rule 14a-8

On February 12, 2025, the Division of Corporation Finance (Staff) of the US Securities and Exchange Commission (SEC) issued Staff Legal Bulletin No. 14M (SLB 14M) concerning shareholder proposals for public company proxy statements. SLB 14M rescinds the Staff’s social and ethical policy-focused Staff Legal Bulletin No. 14L (SLB 14L) from 2021, and will make it easier for a public company to exclude from its proxy statement certain types of shareholder proposals made by activist stockholders. SLB...READ MORE

Latest Supreme Court Term Presents New Challenges for SEC

I. Introduction...READ MORE

The 2023 Garrett Institute, Northwestern Pritzker School of Law

Two Jenner & Block partners were invited to share their insights about securities and corporate law at the renowned Garrett Institute, the only Midwest conference that brings together senior officials from the Securities and Exchange Commission and leading securities practitioners....READ MORE