Cravath’s London Office Moves to 100 Cheapside
September 01, 2021
On August 30, 2021, Cravath partner David J. Kappos participated in a webinar hosted by the Asia IP & Technology Law Project of the Berkeley Center for Law & Technology, as a part of its Asia IP SEP Talk Series 2021. The session, entitled “Concurrent Litigation and Jurisdictional Competition,” reviewed the current developments of anti‑suit injunctions, the potential consequences in the information and communication technology and internet of things industries, methods to prevent growing jurisdictional competition from escalating into international judicial hostility, potential cooperation mechanisms to discourage overzealous competition and the role that arbitration could play in these injunctions.
Deals & Cases
August 31, 2021
On August 31, 2021, Ashland Global Holdings Inc. (“Ashland”), a specialty materials company that services customers in a wide range of consumer and industrial markets, announced that its wholly owned subsidiary, Ashland LLC, has signed a definitive agreement to sell its performance adhesives business to Arkema in an all‑cash transaction valued at approximately $1.65 billion. Cravath is representing Ashland in connection with the transaction.
Deals & Cases
August 24, 2021
On August 24, 2021, Exyte Group (“Exyte”) and Wynnchurch Capital announced that they had reached an agreement for an all-share acquisition of Critical Process Systems Group, a group of manufacturing and design companies, by Exyte, a global leader in the design, engineering, and delivery of high-tech facilities. Cravath is representing Exyte in connection with the transaction.
Deals & Cases
August 05, 2021
On August 5, 2021, Daily Mail and General Trust plc (“DMGT”) announced that it has entered into a definitive agreement to sell Risk Management Solutions (“RMS”), its insurance risk business and a leading global provider of climate and natural disaster risk modeling and analytics headquartered in Silicon Valley, to Moody’s Corporation for approximately £1.425 billion. Cravath is representing DMGT in connection with the transaction.
Deals & Cases
August 01, 2021
On August 1, 2021, Afterpay Limited and Square, Inc. announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately $29 billion based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock. Cravath, together with Gilbert + Tobin, is representing Afterpay in connection with the transaction.
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