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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

IBM’s Acquisition of NISC

January 20, 2010

On January 20, 2010, IBM announced that it has signed a definitive agreement to acquire National Interest Security Company (“NISC”), a privately held company headquartered in Fairfax, Virginia, that offers a full range of services and solutions in the areas of defense, healthcare, energy, logistics and security. Cravath is representing IBM in this transaction. The agreement includes the acquisition of Technology and Management Services, Inc., an NISC affiliate. At the completion of the transaction, which is expected in the first quarter of 2010, NISC will be integrated into IBM’s Global Business Services consulting unit.

The Cravath team includes partner George F. Schoen and associate Ryan D. Gorsche on corporate matters; associate Jarrett R. Hoffman on executive compensation and benefits matters; partner Andrew W. Needham and associates J. Leonard Teti II, Matthew Cantor and Andrew Carlon on tax matters; practice area attorney Matthew Morreale on environmental matters; and senior attorney John Gerhard on real estate matters. Sarah R. Kahn and Michael J. Schobel also worked on corporate matters and executive compensation and benefits matters, respectively.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Executive Compensation and Benefits
  • Tax
  • Environmental
  • Technology
  • Professional Services
  • Industrials and Chemicals

People

Photo
Name
George F. Schoen
Title
Corporate
Title
Partner
Email
gschoen@cravath.com
Phone
+1-212-474-1740
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    Education

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

    Admitted In

    • New York
    Photo
    Name
    Matthew Morreale
    Title
    Corporate
    Title
    Partner
    Email
    mmorreale@cravath.com
    Phone
    +1-212-474-1534
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      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
      J. Leonard Teti II
      Title
      Tax
      Title
      Partner
      Email
      lteti@cravath.com
      Phone
      +1-212-474-1896
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        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
        Andrew W. Needham
        Title
        Tax
        Title
        Retired Partner
        Email
        aneedham@cravath.com
        Phone
        +1-212-474-1999
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          Education

          • M.B.A., 1992, The Wharton School of the University of Pennsylvania
          • LL.M., 1990, Georgetown University Law Center
          • J.D., 1986, Georgetown University Law Center
          • B.A., 1982, University of Arizona College of Law

          Related News & Insights

          Deals & Cases

          February 18, 2026

          Tenax’s Merger with Air

          On February 17, 2026, Tenax Aerospace Acquisition, LLC (“Tenax”) and Air Industries Group (“Air”) jointly announced that they have entered into an Agreement and Plan of Merger to combine Tenax’s special mission aviation business with Air’s precision aerospace manufacturing business. At the time of the merger, Air will issue shares of its common stock to holders of Tenax membership units. After the closing, Tenax shareholders are expected to own approximately 95% of Air’s outstanding shares while existing Air shareholders are expected to own approximately 5%, and the combined company expects to remain listed on the NYSE American under the symbol AIRI. Cravath is representing Tenax in connection with the transaction.

          Deals & Cases

          February 17, 2026

          Kennedy Wilson’s Acquisition by Consortium Led by William McMorrow and Fairfax

          On February 17, 2026, Kennedy‑Wilson Holdings, Inc. (“Kennedy Wilson”) and Fairfax Financial Holdings Limited (“Fairfax”) jointly announced that Kennedy Wilson has entered into a definitive agreement to be acquired, in an all cash‑transaction, by an entity affiliated with a consortium led by William McMorrow, Chairman and Chief Executive Officer of Kennedy Wilson, and certain other senior executives of Kennedy Wilson (collectively, the “KW Management Group”), together with Fairfax (collectively, the “Consortium”).

          Deals & Cases

          February 17, 2026

          MTN’s Proposed $6.2 Billion Acquisition of IHS

          On February 17, 2026, MTN Group Limited (“MTN”), Africa’s largest mobile network operator, announced that it has entered into an agreement with IHS Holding Limited (“IHS”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world, to acquire the remaining shares of IHS not already owned by MTN in an all‑cash transaction at an offer price of $8.50 per IHS share, which implies an enterprise value of $6.2 billion. The structure of the transaction is intended such that, upon completion of IHS’ announced disposals of its Latin American businesses, MTN will acquire 100% of IHS’ African tower portfolio. Following the completion of the transaction, IHS will be de‑listed from the New York Stock Exchange. Cravath is representing MTN in connection with the transaction.

          Deals & Cases

          February 16, 2026

          Hapag-Lloyd’s Over $4 Billion Acquisition of ZIM

          On February 16, 2026, Hapag‑Lloyd signed an agreement with Zim Integrated Shipping Services Ltd. (“ZIM”), the world’s 10th largest container shipping line, under which Hapag‑Lloyd will acquire 100% of ZIM’s shares for a consideration of $35 per share in cash. The total transaction value amounts to over $4 billion. As part of the transaction, FIMI Opportunity Funds will take ownership of a carved‑out Israeli container liner business. Cravath is representing Hapag‑Lloyd in connection with the transaction.

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