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 associates Kara L. Mungovan and 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.