Cravath’s London Office Moves to 100 Cheapside
October 29, 2021
Cravath partner Margaret T. Segall authored a chapter on U.S. government investigations in Global Competition Review’s “Americas Antitrust Review 2022,” which published on October 12, 2021. The chapter discussed the types of government investigations initiated by the U.S. Department of Justice and Federal Trade Commission, including litigated merger challenges, mergers abandoned owing to enforcement challenges, settled mergers and non‑merger enforcement efforts. The chapter considered various cases in order to analyze different types of investigations.
Deals & Cases
August 24, 2021
On August 24, 2021, Exyte Group (“Exyte”) and Wynnchurch Capital announced that they had reached an agreement for an all-share acquisition of Critical Process Systems Group, a group of manufacturing and design companies, by Exyte, a global leader in the design, engineering, and delivery of high-tech facilities. Cravath is representing Exyte in connection with the transaction.
Deals & Cases
August 24, 2021
On August 24, 2021, GuideWell Mutual Holding Corporation (“GuideWell”), a health solutions company and parent of Blue Cross and Blue Shield of Florida, Inc., and Triple-S Management Corporation (“Triple-S Management”), a leading health care services company in Puerto Rico, announced they will combine. Under the terms of the definitive agreement, GuideWell will acquire all the outstanding shares of Triple-S Management common stock for $36.00 per share in cash. The transaction equity value is approximately $900 million. Upon completion of the transaction, Triple-S Management will become a subsidiary of GuideWell and will continue to operate under the Triple-S Management brand. Cravath is representing GuideWell in connection with the transaction.
Deals & Cases
August 05, 2021
On August 5, 2021, Daily Mail and General Trust plc (“DMGT”) announced that it has entered into a definitive agreement to sell Risk Management Solutions (“RMS”), its insurance risk business and a leading global provider of climate and natural disaster risk modeling and analytics headquartered in Silicon Valley, to Moody’s Corporation for approximately £1.425 billion. Cravath is representing DMGT in connection with the transaction.
Deals & Cases
August 01, 2021
On August 1, 2021, Afterpay Limited and Square, Inc. announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately $29 billion based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock. Cravath, together with Gilbert + Tobin, is representing Afterpay in connection with the transaction.
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