October 12, 2016
On October 12, 2016, Stanley Black & Decker announced that it has entered into a definitive agreement to acquire the Tools business of Newell Brands, which includes the industrial cutting, hand tool and power tool accessory brands Irwin® and Lenox®, for $1.95 billion in cash. Cravath is representing Stanley Black & Decker in connection with the transaction.
The Cravath team is led by partner Robert I. Townsend III and includes associates Cameron S. Stanton and Sarah R. Jacobson on corporate matters; partners Christine A. Varney and Julie A. North, senior attorney Lillian S. Grossbard and associate Molly M. Jamison on antitrust matters; partner Stephen L. Gordon and associate Joyce Y. Kim on tax matters; partner Eric W. Hilfers, senior attorney Lawrence A. Pasini, practice area attorney M. C. Tania Balthazaar and associates Matthew J. Bobby, Peretz Riesenberg and Jana I. Hymowitz on executive compensation and benefits matters; partner David J. Kappos and associate Miling Y. Harrington on intellectual property matters; and partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters. Nicolas R. Yamagata is also working on corporate matters and Lucy M. R. Chambers is also working on antitrust matters.
Deals & Cases
March 18, 2025
On March 18, 2025, Wiz, Inc. (“Wiz”), a leading cloud security platform headquartered in New York, and Google LLC (“Google”) announced they have signed a definitive agreement for Google to acquire Wiz for $32 billion, subject to closing adjustments, in an all‑cash transaction. Once closed, Wiz will join Google Cloud. Cravath is representing Wiz as regulatory counsel in connection with the transaction.
Deals & Cases
March 17, 2025
On March 17, 2025, PepsiCo, Inc. (“PepsiCo”) announced that it has entered into a definitive agreement to acquire poppi, a prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an additional potential earnout consideration subject to the achievement of certain performance milestones within a specified period after closing of the transaction. Cravath is representing PepsiCo in connection with the transaction.
Deals & Cases
February 24, 2025
On February 24, 2025, Bridge Investment Group Holdings Inc. (“Bridge”), a leading alternative investment manager diversified across specialized asset classes, and Apollo Global Management, Inc. (“Apollo”) announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all‑stock transaction with an equity value of approximately $1.5 billion. Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. Cravath is representing the special committee of the Bridge Board of Directors in connection with the transaction.
Deals & Cases
February 10, 2025
On February 10, 2025, FactSet, a global financial digital platform and enterprise solutions provider, announced the acquisition of LiquidityBook, a leading provider of cloud‑native buy- and sell‑side trading solutions, for a gross purchase price of $246.5 million in cash. Cravath is representing FactSet in connection with the transaction.
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