The Fresh Market announced the pricing of an initial public offering of its common stock at $22.00 per share. Cravath represented The Fresh Market in this transaction. The offering will consist of 13,175,000 shares to be sold by stockholders of The Fresh Market. The underwriters have a 30-day option to purchase up to an additional 1,976,250 shares of common stock from the selling stockholders at the public offering price, less the underwriting discount. The Fresh Market common stock began trading on The NASDAQ Global Select Market on November 5, 2010, under the symbol “TFM.” The transaction closed on November 10, 2010.
The Cravath team included partner Craig F. Arcella and associates Eugene Y. Yoon and Bryan C. Friedman on corporate matters; partner Eric W. Hilfers and associates Lori Diamond Goodman and Michael J. Schobel on executive compensation and benefits matters; partner Andrew W. Needham and associate Annie Kim on tax matters; and partner Jeffrey A. Smith on environmental matters.
Deals & Cases
February 12, 2025
Cravath represented the underwriters in connection with the $521.7 million initial public offering of common stock of Smithfield Foods, Inc., an American food company and an industry leader in value‑added packaged meats and fresh pork. The shares were listed on the Nasdaq Global Select Market. The transaction closed on January 29, 2025.
Deals & Cases
December 13, 2024
Cravath represented the underwriters, as U.S. counsel, in connection with the approximately C$313.6 million Rule 144A/Reg. S initial public offering of subordinate voting shares of Groupe Dynamite, Inc., a fashion house that operates retail stores and e‑commerce platforms under two complementary and spirited banners: Garage and Dynamite. The shares were listed on the Toronto Stock Exchange. The transaction closed on November 26, 2024.
Deals & Cases
April 15, 2024
Cravath, together with Hengeler Mueller, represented Douglas AG in connection with its €890 million initial public offering of ordinary bearer shares. The DOUGLAS Group is a leading omnichannel premium beauty destination in Europe. The shares were listed on the Frankfurt Stock Exchange (Prime Standard). The transaction closed on March 25, 2024.
Deals & Cases
October 12, 2023
On October 10, 2023, following a full trial on the merits and an appeal to the Delaware Supreme Court, Cravath client The Williams Companies, Inc. (“Williams”) secured a victory resulting in a judgment of more than $600 million.
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