Hudson's Proposed Sale of All Its Remaining Equity Interests to Dufry AG Group

On August 19, 2020, Hudson, a North American travel experience leader with stores in airports, commuter hubs, landmarks and tourist destinations, announced it has entered into a definitive agreement with Dufry AG Group (“Dufry”), its controlling shareholder with 57.4% ownership of the Company, pursuant to which Dufry would acquire all of the equity interests in Hudson that it does not already own for $7.70 in cash for each Hudson Class A share (the “Transaction”). Upon completion of the Transaction, Hudson will become an indirect wholly owned subsidiary of Dufry and will be delisted from the New York Stock Exchange. Cravath is representing the special committee of the Hudson board of directors in connection with the Transaction.

The Cravath team is led by partners Richard Hall and David J. Perkins and includes associates Eliza Marshall Foley, Nicolas B. Thomson and Andrew J. Astore on M&A matters; partner Lauren Angelilli and associate Andrew T. Davis on tax matters; and partner Eric W. Hilfers and associates Daniel P. Herrmann and Brian Diliberto on executive compensation and benefits matters.