Law360 Names Cravath a 2019 “Tax Practice Group of the Year”
January 22, 2020
On January 21, 2020, Cravath was featured as one of Law360’s “Tax Practice Groups of the Year,” for its role “on the frontlines of some of the year’s most noteworthy tax developments.” The article highlights the tax group’s work on a variety of complex global transactions.
Partner J. Leonard Teti II spoke about tax considerations involved in the Firm’s representation of Mylan N.V. in its $50 billion merger with Upjohn, a division of Pfizer Inc., which required cross‑border collaboration across multiple jurisdictions.
The feature also noted Cravath’s tax team’s work related to Viacom Inc.’s combination with CBS Corp., which involved identifying tax structures favorable to the various interested stakeholders, and its representation of New Media Investment Group Inc. in its acquisition of Gannett Co., Inc., which brings together the portfolios of two leading newspaper companies.
Related Practices & Industries
People
- Photo
-
-
J.D., 2005, University of Virginia School of LawOrder of the Coif
-
A.B., 1999, Princeton Universitywith Honors
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
May 22, 2019
Occidental’s $57 Billion Acquisition of Anadarko, Contingent $8.8 Billion Sale of Anadarko African Assets to Total and $10 Billion Investment from Berkshire Hathaway
On May 9, 2019, Cravath client Occidental Petroleum Corporation (“Occidental”) entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corporation (“Anadarko”) for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57 billion, including the assumption of Anadarko’s debt. This follows Occidental’s revised proposal to acquire Anadarko on May 5, 2019. (To read the announcement about the revised proposal, please click here.)
Deals & Cases
July 29, 2019
Mylan’s $50 Billion Combination with Upjohn, a Division of Pfizer
On July 29, 2019, Mylan N.V. and Pfizer Inc. announced a definitive agreement to combine Mylan with Upjohn, Pfizer's off-patent branded and generic established medicines business, creating a new global pharmaceutical company. Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, each Mylan share would be converted into one share of the new company. Pfizer shareholders would own 57% of the combined new company, and Mylan shareholders would own 43%. Cravath is representing Mylan in connection with the transaction.
Deals & Cases
August 13, 2019
Viacom’s Combination with CBS
On August 13, 2019, Viacom and CBS Corp. (“CBS”), two of the world’s leading entertainment companies, announced they have entered into a definitive agreement to combine in an all‑stock merger, creating a combined company with more than $28 billion in revenue. Cravath is representing the Board Committee of Viacom in connection with the transaction.
Deals & Cases
August 05, 2019
New Media’s Acquisition of Gannett
On August 5, 2019, New Media Investment Group Inc. (“New Media”) and Gannett Co., Inc. (“Gannett”) announced they have entered into a definitive agreement pursuant to which New Media will acquire Gannett for a combination of cash and stock, which brings together the portfolios of two leading newspaper companies, and includes USA Today, Gannett’s flagship brand, and its more than 160 brands in the U.K. Cravath is representing New Media in connection with the transaction.
