Four Decades for Justice
Cravath represented the underwriters, led by Citigroup, Wells Fargo Securities, Morgan Stanley, PNC Capital Markets LLC and J.P. Morgan Securities, in connection with the US$6 billion registered senior debt offering of The Sherwin‑Williams Company, a developer, manufacturer and distributor of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America. Proceeds of the offering will be used to fund the pending acquisition of The Valspar Corporation by Sherwin‑Williams. Cravath also represented the underwriters in connection with the concurrent private exchange offer whereby Sherwin‑Williams is offering to exchange new Sherwin‑Williams debt securities for existing debt securities of Valspar. The transaction closed on May 16, 2017.
The Cravath team included partners Andrew J. Pitts and William V. Fogg and associates Elizabeth J. Zhang, Jeremy S. Lerner and D. Ana Choi.
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.
Deals & Cases
August 29, 2022
On August 25, 2022, the Delaware Court of Chancery granted in full Cravath client The Williams Companies, Inc.’s (“Williams”) motion for interest, attorneys’ fees and expenses, totaling more than $185 million at the time the motion was taken under submission. The decision followed post‑trial discovery, briefing and oral argument between January and May 2022.
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