IBM’s Acquisition of Trusteer
August 15, 2013
On August 15, 2013, IBM announced it has entered into a definitive agreement to acquire Trusteer, a privately held company with locations in Boston, Massachusetts, and Tel Aviv, Israel. Cravath represented IBM in connection with this transaction, which is subject to customary closing conditions and is expected to close in the third quarter of 2013. Trusteer is a leading provider of advanced security and threat‑intelligence solutions that help protect organizations against financial fraud, malware and data breaches.
The Cravath team included partner George F. Schoen and associate Jane K. Manning on corporate matters; associates Jarrett R. Hoffman and Michelle M. Garrett on executive compensation and benefits matters; and partners Andrew W. Needham and J. Leonard Teti II and associates Christopher K. Fargo and William B. Abbott on tax matters. Summer associate Josh Ayal also worked on corporate matters.
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People
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- 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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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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Kennedy Wilson’s Acquisition by Consortium Led by William McMorrow and Fairfax
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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.
