IBM’s Acquisition of Algorithmics
September 01, 2011
On September 1, 2011, IBM announced a definitive agreement to acquire Algorithmics for $387 million, subject to price adjustments at closing. Cravath represented IBM in connection with this transaction. Algorithmics is a risk analytics firm with operations in Toronto, Canada, and a member of Fitch Group, which is majority-owned by Paris-based holding company Fimalac. The acquisition is subject to applicable regulatory clearances and other customary closing conditions.
The Cravath team included partner George F. Schoen and associate Andy S. Ham on corporate matters; partner Andrew W. Needham and associates Christopher K. Fargo and Andrew Carlon on tax matters; practice area attorney M. C. Tania Balthazaar and associate Jarrett R. Hoffman on executive compensation and benefits matters; practice area attorney Matthew Morreale on environmental matters; and practice area attorney Joyce Law on real estate matters.
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People
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J.D., 1998, University of Chicago Law Schoolwith Honors
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B.A., 1994, Cornell University
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
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J.D., 1997, Boston University School of Law
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B.Comm., 1994, University of AlbertaDistinction
- New York
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M.B.A., 1992, The Wharton School of the University of Pennsylvania
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LL.M., 1990, Georgetown University Law Center
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J.D., 1986, Georgetown University Law Center
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B.A., 1982, University of Arizona College of Law
Education
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