Shearman & Sterling represented the underwriters, led by J.P. Morgan, in connection with a shelf takedown of $500 million of ONEOK, Inc.’s 2.75% notes due 2024, $750 million of ONEOK, Inc.’s 3.40% notes due 2029 and $750 million of ONEOK, Inc.’s 4.45% notes due 2049. The net proceeds from the offering are being used for general corporate purposes.

Shearman & Sterling advised Equistone Partners Europe (Equistone) on the acquisition financing of a majority stake in Omnicare, a pharmaceutical wholesaler operating throughout Germany that primarily distributes finished medicinal products to compounding pharmacies for the patient-specific production of cancer drugs.

Shearman & Sterling advised Viacom Inc. in its merger with CBS Corporation, which will create a leading global multiplatform, premium content company with more than $28 billion in revenue.

Shearman & Sterling represented Zhongtai International Securities Limited, AMTD Global Markets Limited, Admiralty Harbour Capital Limited and ABCI Capital Limited as initial purchasers in connection with Meilun (BVI) Limited’s offering of $163 million 9% senior notes due 2022, unconditionally and irrevocably guaranteed by Shandong Chenming Paper Holdings Ltd.

Shearman & Sterling is advising Liberty Global in connection with its modified Dutch auction tender offers, which commenced on August 12, 2019.  In the tender offers, the company is offering to purchase up to $2.5 billion of its ordinary shares from its shareholders, consisting of up to $625 million of its Class A shares at a price not greater than $29.00 and not less than $25.25 per Class A share, and up to $1.875 billion of its Class C shares at a price not greater than $28.50 and not less than $24.75 per Class C share.

Shearman & Sterling represented Ardagh in connection with its offering of $1.8 billion of notes, consisting of €440 million 2.125% senior secured notes due 2026, $500 million 4.125% senior secured notes due 2026 and $800 million 5.250% senior notes due 2027.