Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

News & Insights

Flowserve’s $19 Billion Merger of Equals with Chart

June 04, 2025

On June 4, 2025, Flowserve Corporation (“Flowserve”) and Chart Industries, Inc. (“Chart”) announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion based on the exchange ratio and the closing share prices for Flowserve and Chart as of June 3, 2025. Under the agreement, which has been unanimously approved by the board of directors of each company, at the closing of the transaction Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned. Following the close of the transaction, Flowserve shareholders will own approximately 46.5% and Chart shareholders will own approximately 53.5% of the combined company, on a fully diluted basis. Cravath is representing Flowserve in connection with the transaction.

The Cravath team is led by partners Daniel J. Cerqueira and George F. Schoen and includes associates Maria Ricaurte, Mariel V. Mok, Colin L. Halvey, Michael William Alexander Greenfeld and Nicholas J. Juan on M&A matters; partner Jonathan J. Katz, senior attorney Aaron S. Cha and associates Caroline Wyatt and Louis (Jay) Kober on executive compensation and benefits matters; partners Andrew J. Pitts and Kelly M. Smercina and associate Fay E. Faught on financing matters; partners J. Leonard Teti II and Arvind Ravichandran and associates Tristan Baylor and Jonathan Minion on tax matters; partner Sasha Rosenthal‑Larrea, senior attorney Carys J. Webb and associate Liza C. Clark on intellectual property matters; partner Margaret T. Segall and of counsel Michael B. Singer on antitrust matters; partner John W. White, of counsel William D. Podurgiel and associate Lyudmila D. Kirichenko on corporate governance matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters. Simi Fajemisin also worked on antitrust matters. Summer associates Greene Ko and Istvan Zain Kovach also worked on M&A matters and summer associate Chandler O. Rankin also worked on corporate governance matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Executive Compensation and Benefits
  • Capital Markets
  • Tax
  • Intellectual Property
  • Antitrust
  • Corporate Governance and Board Advisory
  • Environmental
  • Industrials and Chemicals

People

Photo
Name
Daniel J. Cerqueira
Title
Corporate
Title
Partner
Email
dcerqueira@cravath.com
Phone
+1-212-474-1156
vCard
Download vCard

    Education

    • J.D., 2013, Harvard Law School
      magna cum laude
    • B.A., 2010, Cornell University
      Phi Beta Kappa

    Admitted In

    • New York
    Photo
    Name
    George F. Schoen
    Title
    Corporate
    Title
    Partner
    Email
    gschoen@cravath.com
    Phone
    +1-212-474-1740
    vCard
    Download vCard

      Education

      • J.D., 1998, University of Chicago Law School
        with Honors
      • B.A., 1994, Cornell University

      Admitted In

      • New York
      Photo
      Name
      Jonathan J. Katz
      Title
      Executive Compensation and Benefits
      Title
      Partner
      Email
      jkatz@cravath.com
      Phone
      +1-212-474-1538
      vCard
      Download vCard

        Education

        • LL.M., 2013, New York University School of Law
        • J.D., 2007, Benjamin N. Cardozo School of Law
          Order of the Coif, Dean's Distinguished Scholar, summa cum laude
        • B.S., 2003, Cornell University

        Admitted In

        • New York
        Photo
        Name
        Andrew J. Pitts
        Title
        Corporate
        Title
        Partner
        Email
        apitts@cravath.com
        Phone
        +1-212-474-1620
        vCard
        Download vCard

          Education

          • M.B.A., 1995, Boston University
            with High Honors
          • J.D., 1994, Boston University School of Law
            summa cum laude
          • B.A., 1988, Trinity College

          Admitted In

          • New York
          Photo
          Name
          Kelly M. Smercina
          Title
          Corporate
          Title
          Partner
          Email
          ksmercina@cravath.com
          Phone
          +1-212-474-1133
          vCard
          Download vCard

            Education

            • J.D., 2014, University of Michigan Law School
              Order of the Coif, summa cum laude
            • B.A., 2011, University of Notre Dame
              Phi Beta Kappa, summa cum laude

            Admitted In

            • New York
            Photo
            Name
            J. Leonard Teti II
            Title
            Tax
            Title
            Partner
            Email
            lteti@cravath.com
            Phone
            +1-212-474-1896
            vCard
            Download vCard

              Education

              • J.D., 2005, University of Virginia School of Law
                Order of the Coif
              • A.B., 1999, Princeton University
                with Honors

              Admitted In

              • New York
              Photo
              Name
              Arvind Ravichandran
              Title
              Tax
              Title
              Partner
              Email
              aravichandran@cravath.com
              Phone
              +1-212-474-1033
              vCard
              Download vCard

                Education

                • J.D., 2012, Columbia Law School
                • B.A., 2009, Columbia College

                Admitted In

                • New York
                Photo
                Name
                Sasha Rosenthal-Larrea
                Title
                Corporate
                Title
                Partner
                Email
                srosenthal-larrea@cravath.com
                Phone
                +1-212-474-1967
                vCard
                Download vCard

                  Education

                  • J.D., 2010, Columbia Law School
                    Harlan Fiske Stone Scholar
                  • A.B., 2007, Brown University

                  Admitted In

                  • New York
                  Photo
                  Name
                  Margaret T. Segall
                  Title
                  Litigation
                  Title
                  Partner
                  Email
                  msegall@cravath.com
                  Phone
                  +1-212-474-1231
                  vCard
                  Download vCard

                    Education

                    • J.D., 2008, Harvard Law School
                      cum laude
                    • A.B., 2003, Harvard College
                      magna cum laude

                    Admitted In

                    • New York
                    Photo
                    Name
                    John W. White
                    Title
                    Corporate
                    Title
                    Partner
                    Email
                    jwhite@cravath.com
                    Phone
                    +1-212-474-1732
                    vCard
                    Download vCard

                      Education

                      • J.D., 1973, New York University School of Law
                        Order of the Coif, cum laude
                      • B.S., 1970, University of Virginia
                        with Honors

                      Admitted In

                      • New York
                      Photo
                      Name
                      Matthew Morreale
                      Title
                      Corporate
                      Title
                      Partner
                      Email
                      mmorreale@cravath.com
                      Phone
                      +1-212-474-1534
                      vCard
                      Download vCard

                        Education

                        • J.D., 1997, Columbia Law School
                          Harlan Fiske Stone Scholar
                        • M.S., 1994, University of Pennsylvania
                        • B.A., 1990, University of Pennsylvania
                        • B.A.S., 1990, University of Pennsylvania

                        Admitted In

                        • New York
                        Photo
                        Name
                        Michael B. Singer
                        Title
                        Litigation
                        Title
                        Of Counsel
                        Email
                        msinger@cravath.com
                        Phone
                        +1-212-474-1974
                        vCard
                        Download vCard

                          Education

                          • J.D., 2014, Fordham University School of Law
                            Order of the Coif; Mary Daly Scholar, magna cum laude
                          • B.A., 2009, Hamilton College
                            Emerson Scholar

                          Admitted In

                          • New York
                          Photo
                          Name
                          William D. Podurgiel
                          Title
                          Corporate
                          Title
                          Of Counsel
                          Email
                          wpodurgiel@cravath.com
                          Phone
                          +1-212-474-1628
                          vCard
                          Download vCard

                            Education

                            • J.D., 2011, The University of Texas School of Law
                            • B.A., 2004, University of Pennsylvania
                              cum laude

                            Admitted In

                            • New York
                            Photo
                            Name
                            Aaron S. Cha
                            Title
                            Executive Compensation and Benefits
                            Title
                            Senior Attorney
                            Email
                            acha@cravath.com
                            Phone
                            +1-212-474-1944
                            vCard
                            Download vCard

                              Education

                              • LL.M., 2013, New York University School of Law
                              • J.D., 2012, Loyola Law School Los Angeles
                              • B.S., 2004, University of California, San Diego

                              Admitted In

                              • New York
                              • California
                              Photo
                              Name
                              Carys J. Webb
                              Title
                              Corporate
                              Title
                              Senior Attorney
                              Email
                              cwebb@cravath.com
                              Phone
                              +1-212-474-1249
                              vCard
                              Download vCard

                                Education

                                • J.D., 2017, Harvard Law School
                                • B.A., 2012, Yale College

                                Admitted In

                                • New York
                                Photo
                                Name
                                Joyce Law
                                Title
                                Corporate
                                Title
                                Senior Attorney
                                Email
                                jlaw@cravath.com
                                Phone
                                +1-212-474-1066
                                vCard
                                Download vCard

                                  Education

                                  • J.D., 1997, Boston University School of Law
                                  • B.Comm., 1994, University of Alberta
                                    Distinction

                                  Admitted In

                                  • New York
                                  Name
                                  Lauren Piechocki
                                  Title
                                  Corporate
                                  Title
                                  Practice Area Attorney
                                  Email
                                  lpiechocki@cravath.com
                                  Phone
                                  +1-212-474-1875
                                  vCard
                                  Download vCard

                                    Education

                                    • J.D., 2012, Hofstra University School of Law
                                    • B.A., 2005, Syracuse University
                                      Dean's Scholar Maxwell Citizen Education Conference Scholar, cum laude

                                    Admitted In

                                    • New York

                                    Related News & Insights

                                    Deals & Cases

                                    November 13, 2024

                                    Just Eat Takeaway.com’s Sale of Grubhub to Wonder

                                    On November 13, 2024, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), one of the world’s leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.

                                    Deals & Cases

                                    October 25, 2024

                                    L&G’s Investment in Taurus Investment Holdings

                                    On October 25, 2024, Legal & General (“L&G”), one of the U.K.’s leading financial services groups and a major global investor, announced its strategic investment in Taurus Investment Holdings, LLC (“Taurus”), a Boston‑based, global real estate private equity firm, alongside an initial commitment of up to $200 million in seed capital to multifamily real estate. Cravath is representing L&G in connection with the transaction.

                                    Deals & Cases

                                    July 16, 2024

                                    Atalaya Capital Management’s Sale of its Business to Blue Owl Capital

                                    On July 16, 2024, Atalaya Capital Management LP (“Atalaya Capital Management”), a privately‑held alternative credit manager, and Blue Owl Capital Inc. (“Blue Owl Capital”), an alternative asset manager, announced that they have entered into a definitive agreement for Blue Owl Capital to acquire the business of Atalaya Capital Management for $450 million. The closing purchase price of $450 million is comprised of $350 million of Blue Owl equity and $100 million of cash. In addition, there is potential for up to $350 million of earnout consideration in the form of equity, subject to certain adjustments and achievement of future revenue targets. Cravath is representing Atalaya Capital Management in connection with the transaction.

                                    Deals & Cases

                                    May 28, 2024

                                    UScellular’s $4.4 Billion Sale of Wireless Operations and Select Spectrum Assets to T‑Mobile

                                    On May 28, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into a definitive agreement to sell its wireless operations and select spectrum assets to T‑Mobile for a purchase price of $4.4 billion, including a combination of cash and up to approximately $2 billion of assumed debt. Under the terms of the agreement, T‑Mobile will acquire UScellular’s wireless operations and approximately 30% of its spectrum assets across several spectrum bands. In addition, T‑Mobile will enter into a new master license agreement with UScellular on more than 2,000 towers. The agreement follows a thorough strategic review process announced in August 2023 and has been unanimously recommended by the independent directors of UScellular and unanimously approved by the Board of Directors of UScellular. Cravath is representing the independent directors of UScellular in connection with the transaction.

                                    Cravath Bicentennial

                                    Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

                                    Explore

                                    Cravath, Swaine & Moore LLP Logo
                                    • CONTACT US
                                    • OUR STORY
                                    • ALUMNI PORTAL
                                    • DISCLAIMERS & NOTICES

                                    Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.