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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

Welch Allyn’s $2.05 Billion Acquisition by Hill‑Rom

June 19, 2015

On June 17, 2015, two of the world’s leading healthcare technology companies, Hill‑Rom Holdings, Inc. and privately held Welch Allyn, Inc., announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Hill‑Rom will acquire Welch Allyn for approximately $2.05 billion in cash and stock. Cravath represented Welch Allyn in connection with this transaction.

The Cravath team was led by partners Susan Webster and Richard Hall and included associates Benjamin S. Persina, Holden K. Sumner and Vernie Chia on M&A matters; partners Stephen L. Gordon and Lauren Angelilli and associate Jay S. Gill on tax matters; partner Eric W. Hilfers, senior attorney Lawrence A. Pasini and associate Matthew J. Bobby on executive compensation and benefits matters; practice area attorney Anthony N. Magistrale on intellectual property matters; partner Christine A. Varney and associates Margaret Segall D’Amico and Caitlin N. Fitzpatrick on antitrust matters; partner Matthew Morreale on environmental matters; and practice area attorney Gary R. Eisenman on real estate matters. Summer associates Rebecca D. Stacker and Bradley M. Tarrash also worked on M&A matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Executive Compensation and Benefits
  • IP and Strategic Tech Transactions
  • Antitrust
  • Environmental
  • Healthcare and Life Sciences

People

Photo
Name
Richard Hall
Title
Corporate
Title
Partner
Email
rhall@cravath.com
Phone
+1-212-474-1293
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    Education

    • LL.M., 1988, Harvard Law School
    • LL.B., 1986, University of Melbourne
      with Honors
    • B.Com., 1984, University of Melbourne
      with Honors

    Admitted In

    • New York
    Name
    Lauren Angelilli
    Title
    Tax
    Title
    Partner
    Email
    langelilli@cravath.com
    Phone
    +1-212-474-1016
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      Education

      • J.D., 2000, Harvard Law School
        cum laude
      • B.S., 1996, The Wharton School of the University of Pennsylvania
        magna cum laude

      Admitted In

      • New York
      Photo
      Name
      Eric W. Hilfers
      Title
      Executive Compensation and Benefits
      Title
      Partner
      Email
      ehilfers@cravath.com
      Phone
      +1-212-474-1352
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        Education

        • J.D., 1998, University of Chicago Law School
          with Honors
        • A.B., 1995, Princeton University

        Admitted In

        • New York
        Photo
        Name
        Matthew Morreale
        Title
        Corporate
        Title
        Partner
        Email
        mmorreale@cravath.com
        Phone
        +1-212-474-1534
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          Education

          • J.D., 1997, Columbia Law School
            Harlan Fiske Stone Scholar
          • M.S., 1994, University of Pennsylvania
          • B.A., 1990, University of Pennsylvania
          • B.A.S., 1990, University of Pennsylvania

          Admitted In

          • New York
          Photo
          Name
          Margaret T. Segall
          Title
          Litigation
          Title
          Partner
          Email
          msegall@cravath.com
          Phone
          +1-212-474-1231
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            Education

            • J.D., 2008, Harvard Law School
              cum laude
            • A.B., 2003, Harvard College
              magna cum laude

            Admitted In

            • New York
            Photo
            Name
            Stephen L. Gordon
            Title
            Tax
            Title
            Retired Partner
            Email
            gordon@cravath.com
            Phone
            +1-212-474-1999
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              Education

              • J.D., 1981, Harvard Law School
                cum laude
              • A.B., 1978, Cornell University
                cum laude
              Photo
              Name
              Christine A. Varney
              Title
              Litigation
              Title
              Retired Partner
              Email
              cvarney@cravath.com
              Phone
              +1-212-474-1140
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                Education

                • J.D., 1986, Georgetown University Law Center
                • M.P.A., 1982, Syracuse University
                • B.A., 1977, State University of New York, Albany

                Related News & Insights

                Deals & Cases

                February 18, 2026

                Tenax’s Merger with Air

                On February 17, 2026, Tenax Aerospace Acquisition, LLC (“Tenax”) and Air Industries Group (“Air”) jointly announced that they have entered into an Agreement and Plan of Merger to combine Tenax’s special mission aviation business with Air’s precision aerospace manufacturing business. At the time of the merger, Air will issue shares of its common stock to holders of Tenax membership units. After the closing, Tenax shareholders are expected to own approximately 95% of Air’s outstanding shares while existing Air shareholders are expected to own approximately 5%, and the combined company expects to remain listed on the NYSE American under the symbol AIRI. Cravath is representing Tenax in connection with the transaction.

                Deals & Cases

                February 17, 2026

                Kennedy Wilson’s Acquisition by Consortium Led by William McMorrow and Fairfax

                On February 17, 2026, Kennedy‑Wilson Holdings, Inc. (“Kennedy Wilson”) and Fairfax Financial Holdings Limited (“Fairfax”) jointly announced that Kennedy Wilson has entered into a definitive agreement to be acquired, in an all cash‑transaction, by an entity affiliated with a consortium led by William McMorrow, Chairman and Chief Executive Officer of Kennedy Wilson, and certain other senior executives of Kennedy Wilson (collectively, the “KW Management Group”), together with Fairfax (collectively, the “Consortium”).

                Deals & Cases

                February 17, 2026

                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.

                Deals & Cases

                February 16, 2026

                Hapag-Lloyd’s Over $4 Billion Acquisition of ZIM

                On February 16, 2026, Hapag‑Lloyd signed an agreement with Zim Integrated Shipping Services Ltd. (“ZIM”), the world’s 10th largest container shipping line, under which Hapag‑Lloyd will acquire 100% of ZIM’s shares for a consideration of $35 per share in cash. The total transaction value amounts to over $4 billion. As part of the transaction, FIMI Opportunity Funds will take ownership of a carved‑out Israeli container liner business. Cravath is representing Hapag‑Lloyd in connection with the transaction.

                Cravath Bicentennial

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