Berkery, Noyes & Co. LLC managing partner John Shea is seeing strategic buyers acquire companies in a more focused manner amidst less competition. To illustrate, he discusses Cengage Learning Inc.'s strategic deal for the National Geographic Society's digital and print school publishing unit. - Sarah Hashim-Waris
Cleary Gottlieb Steen & Hamilton LLP adds Bernd Langeheine, former deputy director general for mergers of the European Commission's Directorate General for Competition. For other updates launch today's Movers & shakers slideshow.
The fusion between the two competitors reflects an austerity drive by oilfield services providers' clients because of a steep slide in oil prices, which has prompted their suppliers to seek mergers or auction assets. More video