Cravath’s London Office Moves to 100 Cheapside
June 08, 2023
On June 8, 2023, Cravath partner Andrew T. Davis participated in the New York Chapter of Tax Executives Institute’s 2023 M&A Chapter Meeting, which was hosted by KPMG and featured leading professionals to discuss the practical implications of M&A transactions. Andrew spoke on a panel entitled “Diligence and the Legal Agreement,” which examined the tax provisions in M&A agreements, including the use of tax insurance and representations and warranties insurance.
Deals & Cases
May 24, 2023
Cravath represented the underwriters in connection with the €600 million registered floating rate senior notes offering of Kraft Heinz Foods Company, one of the largest food and beverage companies in the world at the time of the offering. The transaction closed on May 10, 2023.
Deals & Cases
May 17, 2023
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of nVent Finance S.à r.l., a wholly owned subsidiary of nVent Electric plc, a leading global provider of electrical connection and protection solutions. The offering was made in connection with nVent’s previously announced acquisition of ECM Industries. The transaction closed on May 3, 2023.
Deals & Cases
May 15, 2023
On May 15, 2023, Newcrest Mining Limited (“Newcrest”) announced it has entered into a binding scheme implementation deed with Newmont Corporation (“Newmont”), in relation to a proposal for Newmont to acquire 100% of the issued shares in Newcrest by way of a scheme of arrangement. Under the terms of the agreement, Newcrest shareholders will be entitled to receive 0.400 Newmont shares for each Newcrest share held (“Scheme Consideration”). In addition, Newcrest will be permitted to pay a franked special dividend of up to $1.10 per share on or around the implementation of the scheme of arrangement. The Scheme Consideration which would be received by Newcrest shareholders under the proposed transaction, when aggregated with the franked special dividend, represents an implied equity value of A$26.2 billion and enterprise value for Newcrest of A$28.8 billion. Cravath is representing Newcrest as U.S. counsel in connection with the transaction.
Deals & Cases
May 12, 2023
On May 12, 2023, the Washington Commanders and a partnership led by Josh Harris announced they have entered into a purchase and sale agreement which calls for Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions. Cravath is representing the Snyder family in connection with the transaction.
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