Wells Fargo’s $11 Billion Common Stock Offering

On November 6, 2008, Wells Fargo & Company priced an offering of $11 billion of its common stock for sale to the public. Cravath represented the underwriters in connection with the offering, including J.P. Morgan Securities Inc., as global coordinator, and Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank and Wachovia Securities, as joint bookrunning managers. The lawyers involved in this matter include partners William V. Fogg and Francis P. Barron, senior attorney Daniel A. O’Shea and associates Rachel E. Cohn, Brandon R. DeFrehn, Jonathan D. Fazzone, Ariane B. Vinograd and Marnie J. Foster on corporate matters and partner Andrew W. Needham and associate Christian Brause on tax matters.