Olin’s Agreement with Sachem Head Capital Management

On March 2, 2020, Olin Corporation (“Olin”) announced that it has entered into a cooperation agreement with Sachem Head Capital Management LP (“Sachem Head”), which owns approximately 9.5% of the outstanding shares of Olin’s common stock. Cravath is representing Olin in connection with the agreement.

As part of the agreement, Olin announced the appointment of Scott Ferguson and W. Barnes Hauptfuhrer to its Board of Directors. Pursuant to the agreement, Sachem Head has agreed to customary voting, standstill and other provisions.

The Cravath team is led by partners Robert I. Townsend III and George F. Schoen and includes associates Holden K. Sumner, Arash Ardalan and Jieun Lim.