Four Decades for Justice
On October 13, 2022, Cravath of counsel Benjamin G. Joseloff participated in the 4th Annual U.S.‑China Trade Controls Conference, which was hosted by the American Conference Institute from October 12‑13, 2022 in Washington, D.C. Ben spoke on a panel entitled “Inbound and Outbound Foreign Direct Investment: Special Considerations for CFIUS and U.S. Investment in China—and the Interplay of Export Controls.” The panelists discussed the interplay of export controls and CFIUS under FIRRMA and reviewed current U.S. restrictions on certain investments in China.
Deals & Cases
October 02, 2022
On October 1, 2022, RWE AG (“RWE”), a leading renewable energy company, signed a purchase agreement with Con Edison, Inc. to acquire all shares in Con Edison Clean Energy Businesses, Inc., a leading operator and developer of renewable energy plants in the United States, for a purchase price based on an enterprise value of $6.8 billion. Cravath is representing RWE, alongside Hengeler Mueller, in connection with the transaction.
Deals & Cases
August 26, 2022
On August 25, 2022, Micro Focus and OpenText announced that they have reached agreement on the terms of a recommended all-cash acquisition of the entire share capital of Micro Focus by a subsidiary of Open Text Corporation at a price of 532 pence per share, implying an enterprise value of approximately $6 billion on a fully diluted basis. Cravath is representing Micro Focus as U.S. counsel in connection with the transaction.
Deals & Cases
August 02, 2022
On August 2, 2022, Cowen Inc. (“Cowen”) and TD Bank Group (“TD”) announced a definitive agreement for TD to acquire Cowen in an all-cash transaction with an enterprise value of $1.9 billion. Cravath is representing Cowen in connection with the transaction.
Deals & Cases
August 01, 2022
On August 1, 2022, Valvoline Inc., a global leader in vehicle care, announced it has reached a definitive agreement with Aramco for the sale of Valvoline’s Global Products business to Aramco for $2.65 billion in cash. Cravath is representing Valvoline in connection with the transaction.
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