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News & Insights

Russell Stover’s Acquisition by Lindt

July 14, 2014

On July 14, 2014, The Lindt & Sprüngli Group, manufacturer of premium‑quality chocolate worldwide, announced that it has reached a definitive agreement to acquire the U.S. family business Russell Stover Candies, Inc., headquartered in Kansas City, Missouri. Cravath represented Russell Stover in connection with this transaction. Financial terms were not disclosed.

The Cravath team included partners Philip A. Gelston and Ting S. Chen on M&A matters and partner Michael L. Schler on tax matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Consumer Products and Services
  • Retail

People

Photo
Name
Ting S. Chen
Title
Corporate
Title
Partner
Email
tchen@cravath.com
Phone
+1-212-474-1794
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    Education

    • J.D., 2006, Stanford Law School
    • A.B., 2003, Harvard College
      Phi Beta Kappa, summa cum laude

    Admitted In

    • New York
    Photo
    Name
    Philip A. Gelston
    Title
    Corporate
    Title
    Retired Partner
    Email
    pgelston@cravath.com
    Phone
    +1-212-474-1548
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      Education

      • J.D., 1977, Harvard Law School
        Sears Prize, magna cum laude
      • A.B., 1974, Harvard College
        Phi Beta Kappa, cum laude
      Photo
      Name
      Michael L. Schler
      Title
      Tax
      Title
      Retired Partner
      Email
      mschler@cravath.com
      Phone
      +1-212-474-1999
      vCard
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        Education

        • LL.M., 1979, New York University
        • J.D., 1973, Yale Law School
        • B.A., 1970, Harvard University
          magna cum laude

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        On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.

        Deals & Cases

        August 11, 2025

        Intermex’s Acquisition by Western Union

        On August 10, 2025, International Money Express, Inc. (“Intermex”) and The Western Union Company (“Western Union”) announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all‑cash transaction at $16.00 per share, representing a total equity and enterprise value of approximately $500 million. Cravath is representing Intermex’s Strategic Alternatives Committee in connection with the transaction.

        Deals & Cases

        May 28, 2025

        rhode’s $1 Billion Acquisition by e.l.f. Beauty

        On May 28, 2025, rhode, a fast‑growing, multi‑category lifestyle beauty brand founded by Hailey Bieber, and e.l.f. Beauty announced they have signed a definitive agreement for e.l.f. Beauty to acquire rhode. The $1 billion deal is comprised of $800 million of consideration payable at closing in a combination of cash and stock, subject to customary adjustments, and an additional potential earnout consideration of $200 million based on the future growth of the brand over a three‑year timeframe. Hailey Bieber will continue her role as Founder and additionally serve as rhode’s Chief Creative Officer and Head of Innovation, overseeing creative, product innovation and marketing. She will also act as a Strategic Advisor to the combined companies. Cravath is representing Hailey Bieber in connection with the transaction.

        Deals & Cases

        May 26, 2025

        WiseTech Global’s $2.1 Billion Acquisition of e2open

        On May 25, 2025, WiseTech Global, developer of leading logistics execution software CargoWise, announced it has entered into a binding agreement to acquire E2open Parent Holdings, Inc. (“e2open”), a U.S.‑based leading provider of SaaS solutions in the global logistics value chain, for $3.30 per share in cash equating to an enterprise value of $2.1 billion. Cravath is representing WiseTech Global in connection with the transaction.

        Cravath Bicentennial

        Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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