News and Insights

Jenner & Block Advises The Campbell Center in Merger Agreement

On June 11, Jenner & Block advised its client The Campbell Center in completing its merger with New Horizons. This merger marks a pivotal moment, uniting two San Fernando Valley, California based non-profits that have each served the neurodiverse community for 70 years. The Campbell Center supports adult individuals with developmental and intellectual disabilities through supported employment, community integration services, and residential services....READ MORE

Jenner & Block Advises Saothair Capital Partners on Majority Equity Stake Acquisition of Pioneer Window Holdings, Inc.

A Jenner & Block team advised Saothair Capital Partners, a private equity firm focused on investing in middle-market manufacturing and industrial companies, in their acquisition of a majority equity stake in Pioneer Window Holdings, Inc (“Pioneer”) through a newly-formed affiliate....READ MORE

Client Albertsons Agrees to Merge with Kroger

In a high-profile transaction that received coverage around the US, Albertsons and Kroger announced last week that the supermarket chains would merge into a combined company with an expanded customer reach of about 85 million households. Valued at $25 billion, the deal is one of the largest this year. It is expected to close in early 2024....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

SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance and Incident Disclosure by Public Companies

On July 25, 2023, the US Securities and Exchange Commission (the SEC), by a 3-2 vote, adopted final rules regarding cybersecurity risk management, strategy, governance and incident reporting by public companies (the Final Rules).[1]The Final Rules (1) are intended to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance and material cybersecurity incidents by registrants that are subject to the reporting requirements of the Securities Exchange Act of 1...READ MORE