Cravath’s London Office Moves to 100 Cheapside
On June 24, 2022, Cravath partner Andrew T. Davis was featured as part of Law360’s 2022 “Rising Stars” series as one of the top tax attorneys in the nation under the age of 40. The recognition highlights Andrew’s “lead role in structuring billion‑dollar acquisitions across the globe,” including Afterpay’s $29 billion acquisition by Block Inc. Andrew discussed how “helping translate very complicated rules [into] actionable advice” for clients is a rewarding aspect of his practice and provided insight into how the mergers and acquisitions landscape could be affected by global changes in tax policy.
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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