Cravath’s New York Office Moves to Two Manhattan West
On July 29, 2010, IBM announced it has entered into an agreement to acquire Storwize, Inc., a privately held company based in Marlborough, Massachusetts. Cravath is representing IBM in connection with this transaction.
Storwize will be integrated into the IBM Systems and Technology Group. The deal is expected to close in the third quarter of 2010, subject to the satisfaction of customary closing conditions. Financial details were not disclosed.
The Cravath team includes partner Peter S. Wilson and associates Rene Paula-Molina and David L. Selinger on corporate matters; partner Andrew W. Needham and associates Joanne J. Lee and Kathleen H. Withers on tax matters; and associates Daniel A. Birnhak, Mark E. Dundon and Louis K. Rosner on executive compensation and benefits matters.
Deals & Cases
May 07, 2024
On May 7, 2024, Ashland Inc. (“Ashland”), a global additives and specialty ingredients company, announced that it has signed a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC. Cravath is representing Ashland in connection with the transaction.
Deals & Cases
April 02, 2024
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Deals & Cases
February 20, 2024
Cravath represented IBM International Capital Pte. Ltd (“IIC”) and International Business Machines Corporation (“IBM”) in connection with IIC’s $5.5 billion registered notes offering. IBM is a guarantor of the notes. IIC is a wholly owned finance subsidiary of IBM, a globally integrated innovation company, serving the needs of enterprises and institutions worldwide. The transaction closed on February 5, 2024.
Deals & Cases
January 31, 2024
On January 31, 2024, Health Care Service Corporation (“HCSC”), the country’s largest customer‑owned health insurer, announced that it has signed a definitive agreement with The Cigna Group (“Cigna”) to acquire its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for a purchase price of $3.3 billion. Cigna’s Medicare plans currently serve 3.6 million Medicare members. Cravath is representing HCSC in connection with the transaction.
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