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Matthew J.
Bobby

Partner, Executive Compensation and Benefits

mbobby@cravath.com
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Matthew J. Bobby focuses his practice on executive compensation and employee benefit aspects of complex mergers and acquisitions, spin‑offs, initial public offerings and other business transactions. He also regularly advises clients on the design, negotiation and implementation of incentive compensation arrangements and the negotiation of executive employment and separation agreements, as well as on SEC disclosure regarding such arrangements.

Mr. Bobby’s clients have included ADT, AerCap, Afterpay, AmerisourceBergen, AngloGold Ashanti, Aras, AveXis, Axalta, BDT, British American Tobacco, Canadian National Railway, Centrica, Costamare, Crown Castle, CyrusOne, DiaSorin, FactSet, GreenSky, Hasbro, Hearst, Honeywell, Illumina, Johnson & Johnson, Just Eat Takeaway.com, Kenvue, Light & Wonder, Lindsay Goldberg, Martin Marietta, National Grid, Northrop Grumman, Novartis, Olin, Owl Rock, Peugeot, RWE, SMBC Aviation Capital, Starwood Hotels, Thermo Fisher Scientific, Time Warner, US Foods, Viacom, Viatris and WestRock.

Mr. Bobby’s notable matters include representing:

      • Axalta in its pending $25 billion merger of equals with AkzoNobel;
      • Johnson & Johnson in numerous matters, including its pending $3.05 billion acquisition of Halda Therapeutics, its $14.6 billion acquisition of Intra‑Cellular Therapies, its $2 billion acquisition of Ambrx, the IPO and separation of Kenvue, its $16.6 billion acquisition of Abiomed, its $6.5 billion acquisition of Momenta, its $3.4 billion acquisition of Auris Health, the $2.8 billion sale of its Advanced Sterilization Products business to Fortive, the $2.1 billion sale of its LifeScan business to Platinum Equity, the $1.045 billion sale of its Codman Neurosurgery business to Integra and its $30 billion acquisition of Actelion;
      • Kenvue in its pending $48.7 billion acquisition by Kimberly‑Clark;
      • Fitch Learning, a subsidiary of Hearst, in its pending acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute;
      • Martin Marietta in its pending exchange of certain assets with Quikrete, its acquisition of Premier Magnesia, its $2.05 billion acquisition of aggregates operations from Blue Water Industries, the $2.1 billion sale of its South Texas cement business and related concrete operations to CRH, the proposed sale of its California cement plant and related terminals, the sale of certain West Coast cement and concrete operations to CalPortland and its $2.3 billion acquisition of Lehigh West Region;
      • Lindsay Goldberg and its portfolio companies in connection with multiple transactions, including Amentum’s Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue; the sale of Liquid Tech Solutions to Velocity Rail Solutions, a Wind Point Partners portfolio company; the acquisition of Golden State Foods; the acquisition of The Kleinfelder Group; Summit Interconnect’s acquisition of Royal Circuit Solutions; and the sale of Pixelle to H.I.G. Capital;
      • AngloGold Ashanti in its pending C$197 million acquisition of Augusta Gold and its corporate restructuring and change to domicile and primary listing location;
      • Illumina in its $8 billion acquisition and subsequent spin‑off of GRAIL and its pending acquisition of SomaLogic;
      • Costamare in the spin-off of Costamare Bulkers;
      • Bridge Investment Group’s special committee in the $1.5 billion acquisition by Apollo;
      • Light & Wonder in its $850 million acquisition of Grover Charitable Gaming, the $6.05 billion sale of SG Lottery to Brookfield and $1.2 billion sale of OpenBet to Endeavor, its acquisition of the remaining stake in SciPlay, the $925.5 million sale of a 34.9% stake to institutional investors and its $363.5 million carve-out IPO of SciPlay;
      • FactSet in its $246.5 million acquisition of LiquidityBook and its acquisition of Irwin;
      • Just Eat Takeaway.com in the sale of Grubhub to Wonder;
      • Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink;
      • Consolidated Communications’ special committee in the $3.1 billion acquisition by Searchlight and BCI;
      • ADT in the $1.6 billion sale of its commercial business to GTCR;
      • Hasbro in its $4 billion acquisition of Entertainment One (eOne), the sale of its eOne film and TV business to Lionsgate and the sale of eOne Music to Blackstone;
      • BDT and its affiliates in connection with multiple transactions, including BDT’s combination with MSD Partners and the take‑private acquisition of Weber, valuing Weber at $3.7 billion;
      • Owl Rock in Fifth Season Investments’ $220 million acquisition of Fifth Season Financial and the life insurance investment assets of Chapford Capital II and Chapford Diversified Strategies Fund;
      • RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses; 
      • SMBC Aviation Capital in its $6.7 billion acquisition of Goshawk Aviation;
      • CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
      • GreenSky in its $2.24 billion acquisition by Goldman Sachs;
      • Afterpay in its $29 billion acquisition by Block;
      • Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern;
      • National Grid in its £7.8 billion acquisition of Western Power Distribution and the $3.8 billion sale of Narragansett Electric;
      • AerCap in its $30 billion acquisition of GE Capital Aviation Services;
      • AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses;
      • Time Warner in its $109 billion sale to AT&T;
      • Northrop Grumman in the $3.4 billion sale of its federal IT and mission support business to Veritas Capital;
      • Centrica in its $3.625 billion sale of Direct Energy to NRG Energy;
      • Just Eat Takeaway.com in its $7.3 billion acquisition of Grubhub;
      • Novartis in the $29.8 billion spin‑off of Alcon;
      • US Foods in its $500 million convertible preferred equity investment from KKR and its $970 million acquisition of Smart Foodservice;
      • Olin in its $5 billion tax-efficient Reverse Morris Trust merger with the chlorine value chain business of Dow Chemical;
      • Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
      • Viacom’s transaction committee in the $30 billion merger with CBS;
      • WestRock in its $4.9 billion acquisition of KapStone;
      • Starwood Hotels in its $13.3 billion sale to Marriott;
      • British American Tobacco in its $97 billion acquisition of Reynolds American;
      • Crown Castle in several transactions, including its $7.1 billion acquisition of Lightower; and
      • Mylan in its $9.9 billion acquisition of Meda, its proposal to acquire Perrigo in a transaction valued at approximately $35 billion and its $750 million acquisition, through its Indian subsidiary Mylan Laboratories, of certain female healthcare businesses from Famy Care.

Mr. Bobby has been recognized for his work in the employee benefits and executive compensation arena by Chambers USA and he has also received Euromoney Legal Media Group’s 2022 Americas Rising Star Award for “Best in Labor & Employment.” Mr. Bobby is a frequent author and speaker on executive compensation and employee benefits topics and spoke on a panel at the American Bar Association’s 2023 Business Law Section Hybrid Spring Meeting.

Mr. Bobby was born in Pittsburgh, Pennsylvania. He received a B.A. summa cum laude in mathematics and physics and an M.A. in mathematics from the University of Pennsylvania in 2009, where he was elected to Phi Beta Kappa, and a J.D. magna cum laude from Harvard Law School in 2012, where he was an Executive Editor of the National Security Journal and the International Law Journal. Following his graduation, Mr. Bobby served as a law clerk to Hon. Joseph Jerome Farris of the U.S. Court of Appeals for the Ninth Circuit.

Mr. Bobby joined Cravath in 2013 and was elected a partner in 2020.

Mr. Bobby’s clients have included ADT, AerCap, Afterpay, AmerisourceBergen, AngloGold Ashanti, Aras, AveXis, Axalta, BDT, British American Tobacco, Canadian National Railway, Centrica, Costamare, Crown Castle, CyrusOne, DiaSorin, FactSet, GreenSky, Hasbro, Hearst, Honeywell, Illumina, Johnson & Johnson, Just Eat Takeaway.com, Kenvue, Light & Wonder, Lindsay Goldberg, Martin Marietta, National Grid, Northrop Grumman, Novartis, Olin, Owl Rock, Peugeot, RWE, SMBC Aviation Capital, Starwood Hotels, Thermo Fisher Scientific, Time Warner, US Foods, Viacom, Viatris and WestRock.

Mr. Bobby’s notable matters include representing:

      • Axalta in its pending $25 billion merger of equals with AkzoNobel;
      • Johnson & Johnson in numerous matters, including its pending $3.05 billion acquisition of Halda Therapeutics, its $14.6 billion acquisition of Intra‑Cellular Therapies, its $2 billion acquisition of Ambrx, the IPO and separation of Kenvue, its $16.6 billion acquisition of Abiomed, its $6.5 billion acquisition of Momenta, its $3.4 billion acquisition of Auris Health, the $2.8 billion sale of its Advanced Sterilization Products business to Fortive, the $2.1 billion sale of its LifeScan business to Platinum Equity, the $1.045 billion sale of its Codman Neurosurgery business to Integra and its $30 billion acquisition of Actelion;
      • Kenvue in its pending $48.7 billion acquisition by Kimberly‑Clark;
      • Fitch Learning, a subsidiary of Hearst, in its pending acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute;
      • Martin Marietta in its pending exchange of certain assets with Quikrete, its acquisition of Premier Magnesia, its $2.05 billion acquisition of aggregates operations from Blue Water Industries, the $2.1 billion sale of its South Texas cement business and related concrete operations to CRH, the proposed sale of its California cement plant and related terminals, the sale of certain West Coast cement and concrete operations to CalPortland and its $2.3 billion acquisition of Lehigh West Region;
      • Lindsay Goldberg and its portfolio companies in connection with multiple transactions, including Amentum’s Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue; the sale of Liquid Tech Solutions to Velocity Rail Solutions, a Wind Point Partners portfolio company; the acquisition of Golden State Foods; the acquisition of The Kleinfelder Group; Summit Interconnect’s acquisition of Royal Circuit Solutions; and the sale of Pixelle to H.I.G. Capital;
      • AngloGold Ashanti in its pending C$197 million acquisition of Augusta Gold and its corporate restructuring and change to domicile and primary listing location;
      • Illumina in its $8 billion acquisition and subsequent spin‑off of GRAIL and its pending acquisition of SomaLogic;
      • Costamare in the spin-off of Costamare Bulkers;
      • Bridge Investment Group’s special committee in the $1.5 billion acquisition by Apollo;
      • Light & Wonder in its $850 million acquisition of Grover Charitable Gaming, the $6.05 billion sale of SG Lottery to Brookfield and $1.2 billion sale of OpenBet to Endeavor, its acquisition of the remaining stake in SciPlay, the $925.5 million sale of a 34.9% stake to institutional investors and its $363.5 million carve-out IPO of SciPlay;
      • FactSet in its $246.5 million acquisition of LiquidityBook and its acquisition of Irwin;
      • Just Eat Takeaway.com in the sale of Grubhub to Wonder;
      • Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink;
      • Consolidated Communications’ special committee in the $3.1 billion acquisition by Searchlight and BCI;
      • ADT in the $1.6 billion sale of its commercial business to GTCR;
      • Hasbro in its $4 billion acquisition of Entertainment One (eOne), the sale of its eOne film and TV business to Lionsgate and the sale of eOne Music to Blackstone;
      • BDT and its affiliates in connection with multiple transactions, including BDT’s combination with MSD Partners and the take‑private acquisition of Weber, valuing Weber at $3.7 billion;
      • Owl Rock in Fifth Season Investments’ $220 million acquisition of Fifth Season Financial and the life insurance investment assets of Chapford Capital II and Chapford Diversified Strategies Fund;
      • RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses; 
      • SMBC Aviation Capital in its $6.7 billion acquisition of Goshawk Aviation;
      • CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
      • GreenSky in its $2.24 billion acquisition by Goldman Sachs;
      • Afterpay in its $29 billion acquisition by Block;
      • Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern;
      • National Grid in its £7.8 billion acquisition of Western Power Distribution and the $3.8 billion sale of Narragansett Electric;
      • AerCap in its $30 billion acquisition of GE Capital Aviation Services;
      • AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses;
      • Time Warner in its $109 billion sale to AT&T;
      • Northrop Grumman in the $3.4 billion sale of its federal IT and mission support business to Veritas Capital;
      • Centrica in its $3.625 billion sale of Direct Energy to NRG Energy;
      • Just Eat Takeaway.com in its $7.3 billion acquisition of Grubhub;
      • Novartis in the $29.8 billion spin‑off of Alcon;
      • US Foods in its $500 million convertible preferred equity investment from KKR and its $970 million acquisition of Smart Foodservice;
      • Olin in its $5 billion tax-efficient Reverse Morris Trust merger with the chlorine value chain business of Dow Chemical;
      • Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
      • Viacom’s transaction committee in the $30 billion merger with CBS;
      • WestRock in its $4.9 billion acquisition of KapStone;
      • Starwood Hotels in its $13.3 billion sale to Marriott;
      • British American Tobacco in its $97 billion acquisition of Reynolds American;
      • Crown Castle in several transactions, including its $7.1 billion acquisition of Lightower; and
      • Mylan in its $9.9 billion acquisition of Meda, its proposal to acquire Perrigo in a transaction valued at approximately $35 billion and its $750 million acquisition, through its Indian subsidiary Mylan Laboratories, of certain female healthcare businesses from Famy Care.

Mr. Bobby has been recognized for his work in the employee benefits and executive compensation arena by Chambers USA and he has also received Euromoney Legal Media Group’s 2022 Americas Rising Star Award for “Best in Labor & Employment.” Mr. Bobby is a frequent author and speaker on executive compensation and employee benefits topics and spoke on a panel at the American Bar Association’s 2023 Business Law Section Hybrid Spring Meeting.

Mr. Bobby was born in Pittsburgh, Pennsylvania. He received a B.A. summa cum laude in mathematics and physics and an M.A. in mathematics from the University of Pennsylvania in 2009, where he was elected to Phi Beta Kappa, and a J.D. magna cum laude from Harvard Law School in 2012, where he was an Executive Editor of the National Security Journal and the International Law Journal. Following his graduation, Mr. Bobby served as a law clerk to Hon. Joseph Jerome Farris of the U.S. Court of Appeals for the Ninth Circuit.

Mr. Bobby joined Cravath in 2013 and was elected a partner in 2020.

Education

  • J.D., 2012, Harvard Law School
    magna cum laude
  • M.A., 2009, University of Pennsylvania
  • B.A., 2009, University of Pennsylvania
    Phi Beta Kappa, summa cum laude

Clerkships

  • Hon. Jerome Farris, U.S. Court of Appeals for the Ninth Circuit

Admitted In

  • New York

Rankings

Americas Rising Star Awards - Best in Labor & Employment, Euromoney Legal Media Group (2022)

Chambers USA

  • Employee Benefits and Executive Compensation - New York (2025)

Deals & Cases

November 18, 2025

Axalta’s $25 Billion Merger of Equals with AkzoNobel

On November 18, 2025, Axalta Coating Systems Ltd. (“Axalta”) and Akzo Nobel N.V. announced that they have entered into a definitive agreement to combine in an all‑stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion. Cravath is representing Axalta in connection with the transaction.

Deals & Cases

November 17, 2025

Johnson & Johnson’s $3.05 Billion Acquisition of Halda Therapeutics OpCo, Inc.

On November 17, 2025, Johnson & Johnson announced it has entered into a definitive agreement to acquire Halda Therapeutics OpCo, Inc., a clinical‑stage biotechnology company with a proprietary Regulated Induced Proximity TArgeting Chimera (RIPTACTM) platform to develop oral, targeted therapies for multiple types of solid tumors, including prostate cancer, for $3.05 billion in cash. Cravath is representing Johnson & Johnson in connection with the transaction.

Deals & Cases

November 03, 2025

Kenvue’s $48.7 Billion Acquisition by Kimberly‑Clark

On November 3, 2025, Kenvue Inc. (“Kenvue”), a global consumer health leader, and Kimberly‑Clark Corporation (“Kimberly‑Clark”), a global personal care leader, announced an agreement under which Kimberly‑Clark will acquire all of the outstanding shares of Kenvue common stock in a cash and stock transaction that values Kenvue at an enterprise value of approximately $48.7 billion, based on the closing price of Kimberly‑Clark common stock on October 31, 2025. Under the terms of the agreement, which has been unanimously approved by each company’s Board of Directors, Kenvue shareholders will receive $3.50 per share in cash as well as 0.14625 Kimberly‑Clark shares for each Kenvue share held at closing. Upon closing of the transaction, current Kenvue shareholders are expected to own approximately 46% and current Kimberly‑Clark shareholders are expected to own approximately 54% of the combined company on a fully diluted basis. Cravath is representing Kenvue in connection with the transaction.

Deals & Cases

August 15, 2025

Fitch Learning’s Acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute

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

Symetra Life’s Surplus Notes Offering

Cravath represented Symetra Life Insurance Company (“Symetra Life”) in connection with its $500 million 144A/Reg. S surplus notes offering. Symetra Life is a wholly owned subsidiary of Symetra Financial Corporation, a financial services company in the life insurance industry. The transaction closed on July 24, 2025.

Activities

February 28, 2025

Cravath and Harvard Law School Host International Fellowship Event

On February 26, 2025, Cravath and Harvard Law School hosted a program to celebrate the work of the Cravath International Fellows, which was held in Cambridge, Massachusetts. Established in 2006 by Cravath partners who are Harvard Law School alumni, under the leadership of the late Robert D. Joffe, the Cravath International Fellowships program provides financial assistance, including travel and living expenses, to students pursuing academic projects during their Winter Term with an international, transnational or comparative law focus. Approximately 12 Cravath International Fellowships are awarded annually.

Publications

January 22, 2025

IRS Publishes Proposed Regulations to Expand Denial of Compensation Deduction Under Section 162(m)

On January 21, 2025, Cravath prepared a memo for its clients entitled “IRS Publishes Proposed Regulations to Expand Denial of Compensation Deduction Under Section 162(m).” The memo examines the Internal Revenue Service’s proposed regulations to expand the group of employees covered by Section 162(m), as required by the American Rescue Plan Act of 2021.

Publications

August 22, 2024

Texas Federal Court Invalidates FTC’s Noncompete Ban Nationwide

On August 21, 2024, Cravath prepared a memo for its clients entitled “Texas Federal Court Invalidates FTC’s Noncompete Ban Nationwide.” The memo examines the U.S. District Court for the Northern District of Texas’s recent opinion and order setting aside the Federal Trade Commission’s new final rule banning all noncompete agreements with employees and preventing its implementation nationwide.

Publications

April 25, 2024

FTC Adopts Rule “Banning” Non‑Compete Clauses with Workers

On April 25, 2024, Cravath prepared a memo for its clients entitled “FTC Adopts Rule “Banning” Non‑Compete Clauses with Workers.” The memo examines the Federal Trade Commission’s recently adopted final rule broadly deeming non‑compete clauses with “workers” to be an “unfair method of competition” under Section 5 of the Federal Trade Commission Act. The memo outlines how the final rule does not necessarily constitute a ban on non‑compete clauses, potential legal challenges to the final rule and expected future enforcement. The memo concludes with recommendations for companies to consider to ensure they are in position to adapt to the changing landscape.

Publications

November 13, 2023

New York Passes Law Restricting Scope of Employee IP Assignment Agreements

On November 7, 2023, Cravath prepared a memo for its clients entitled “New York Passes Law Restricting Scope of Employee IP Assignment Agreements.” The memo examines the new Section 203-f of the New York Labor Law recently signed by Governor Hochul, which renders unenforceable assignment provisions with respect to certain inventions in employment agreements. The memo outlines what types of agreements the law renders unenforceable, its exceptions, the consequences of violating the law, notice requirements and next steps for employers to consider.

Matthew J. Bobby focuses his practice on executive compensation and employee benefit aspects of complex mergers and acquisitions, spin‑offs, initial public offerings and other business transactions. He also regularly advises clients on the design, negotiation and implementation of incentive compensation arrangements and the negotiation of executive employment and separation agreements, as well as on SEC disclosure regarding such arrangements.

Mr. Bobby’s clients have included ADT, AerCap, Afterpay, AmerisourceBergen, AngloGold Ashanti, Aras, AveXis, Axalta, BDT, British American Tobacco, Canadian National Railway, Centrica, Costamare, Crown Castle, CyrusOne, DiaSorin, FactSet, GreenSky, Hasbro, Hearst, Honeywell, Illumina, Johnson & Johnson, Just Eat Takeaway.com, Kenvue, Light & Wonder, Lindsay Goldberg, Martin Marietta, National Grid, Northrop Grumman, Novartis, Olin, Owl Rock, Peugeot, RWE, SMBC Aviation Capital, Starwood Hotels, Thermo Fisher Scientific, Time Warner, US Foods, Viacom, Viatris and WestRock.

Mr. Bobby’s notable matters include representing:

      • Axalta in its pending $25 billion merger of equals with AkzoNobel;
      • Johnson & Johnson in numerous matters, including its pending $3.05 billion acquisition of Halda Therapeutics, its $14.6 billion acquisition of Intra‑Cellular Therapies, its $2 billion acquisition of Ambrx, the IPO and separation of Kenvue, its $16.6 billion acquisition of Abiomed, its $6.5 billion acquisition of Momenta, its $3.4 billion acquisition of Auris Health, the $2.8 billion sale of its Advanced Sterilization Products business to Fortive, the $2.1 billion sale of its LifeScan business to Platinum Equity, the $1.045 billion sale of its Codman Neurosurgery business to Integra and its $30 billion acquisition of Actelion;
      • Kenvue in its pending $48.7 billion acquisition by Kimberly‑Clark;
      • Fitch Learning, a subsidiary of Hearst, in its pending acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute;
      • Martin Marietta in its pending exchange of certain assets with Quikrete, its acquisition of Premier Magnesia, its $2.05 billion acquisition of aggregates operations from Blue Water Industries, the $2.1 billion sale of its South Texas cement business and related concrete operations to CRH, the proposed sale of its California cement plant and related terminals, the sale of certain West Coast cement and concrete operations to CalPortland and its $2.3 billion acquisition of Lehigh West Region;
      • Lindsay Goldberg and its portfolio companies in connection with multiple transactions, including Amentum’s Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue; the sale of Liquid Tech Solutions to Velocity Rail Solutions, a Wind Point Partners portfolio company; the acquisition of Golden State Foods; the acquisition of The Kleinfelder Group; Summit Interconnect’s acquisition of Royal Circuit Solutions; and the sale of Pixelle to H.I.G. Capital;
      • AngloGold Ashanti in its pending C$197 million acquisition of Augusta Gold and its corporate restructuring and change to domicile and primary listing location;
      • Illumina in its $8 billion acquisition and subsequent spin‑off of GRAIL and its pending acquisition of SomaLogic;
      • Costamare in the spin-off of Costamare Bulkers;
      • Bridge Investment Group’s special committee in the $1.5 billion acquisition by Apollo;
      • Light & Wonder in its $850 million acquisition of Grover Charitable Gaming, the $6.05 billion sale of SG Lottery to Brookfield and $1.2 billion sale of OpenBet to Endeavor, its acquisition of the remaining stake in SciPlay, the $925.5 million sale of a 34.9% stake to institutional investors and its $363.5 million carve-out IPO of SciPlay;
      • FactSet in its $246.5 million acquisition of LiquidityBook and its acquisition of Irwin;
      • Just Eat Takeaway.com in the sale of Grubhub to Wonder;
      • Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink;
      • Consolidated Communications’ special committee in the $3.1 billion acquisition by Searchlight and BCI;
      • ADT in the $1.6 billion sale of its commercial business to GTCR;
      • Hasbro in its $4 billion acquisition of Entertainment One (eOne), the sale of its eOne film and TV business to Lionsgate and the sale of eOne Music to Blackstone;
      • BDT and its affiliates in connection with multiple transactions, including BDT’s combination with MSD Partners and the take‑private acquisition of Weber, valuing Weber at $3.7 billion;
      • Owl Rock in Fifth Season Investments’ $220 million acquisition of Fifth Season Financial and the life insurance investment assets of Chapford Capital II and Chapford Diversified Strategies Fund;
      • RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses; 
      • SMBC Aviation Capital in its $6.7 billion acquisition of Goshawk Aviation;
      • CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
      • GreenSky in its $2.24 billion acquisition by Goldman Sachs;
      • Afterpay in its $29 billion acquisition by Block;
      • Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern;
      • National Grid in its £7.8 billion acquisition of Western Power Distribution and the $3.8 billion sale of Narragansett Electric;
      • AerCap in its $30 billion acquisition of GE Capital Aviation Services;
      • AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses;
      • Time Warner in its $109 billion sale to AT&T;
      • Northrop Grumman in the $3.4 billion sale of its federal IT and mission support business to Veritas Capital;
      • Centrica in its $3.625 billion sale of Direct Energy to NRG Energy;
      • Just Eat Takeaway.com in its $7.3 billion acquisition of Grubhub;
      • Novartis in the $29.8 billion spin‑off of Alcon;
      • US Foods in its $500 million convertible preferred equity investment from KKR and its $970 million acquisition of Smart Foodservice;
      • Olin in its $5 billion tax-efficient Reverse Morris Trust merger with the chlorine value chain business of Dow Chemical;
      • Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
      • Viacom’s transaction committee in the $30 billion merger with CBS;
      • WestRock in its $4.9 billion acquisition of KapStone;
      • Starwood Hotels in its $13.3 billion sale to Marriott;
      • British American Tobacco in its $97 billion acquisition of Reynolds American;
      • Crown Castle in several transactions, including its $7.1 billion acquisition of Lightower; and
      • Mylan in its $9.9 billion acquisition of Meda, its proposal to acquire Perrigo in a transaction valued at approximately $35 billion and its $750 million acquisition, through its Indian subsidiary Mylan Laboratories, of certain female healthcare businesses from Famy Care.

Mr. Bobby has been recognized for his work in the employee benefits and executive compensation arena by Chambers USA and he has also received Euromoney Legal Media Group’s 2022 Americas Rising Star Award for “Best in Labor & Employment.” Mr. Bobby is a frequent author and speaker on executive compensation and employee benefits topics and spoke on a panel at the American Bar Association’s 2023 Business Law Section Hybrid Spring Meeting.

Mr. Bobby was born in Pittsburgh, Pennsylvania. He received a B.A. summa cum laude in mathematics and physics and an M.A. in mathematics from the University of Pennsylvania in 2009, where he was elected to Phi Beta Kappa, and a J.D. magna cum laude from Harvard Law School in 2012, where he was an Executive Editor of the National Security Journal and the International Law Journal. Following his graduation, Mr. Bobby served as a law clerk to Hon. Joseph Jerome Farris of the U.S. Court of Appeals for the Ninth Circuit.

Mr. Bobby joined Cravath in 2013 and was elected a partner in 2020.

Mr. Bobby’s clients have included ADT, AerCap, Afterpay, AmerisourceBergen, AngloGold Ashanti, Aras, AveXis, Axalta, BDT, British American Tobacco, Canadian National Railway, Centrica, Costamare, Crown Castle, CyrusOne, DiaSorin, FactSet, GreenSky, Hasbro, Hearst, Honeywell, Illumina, Johnson & Johnson, Just Eat Takeaway.com, Kenvue, Light & Wonder, Lindsay Goldberg, Martin Marietta, National Grid, Northrop Grumman, Novartis, Olin, Owl Rock, Peugeot, RWE, SMBC Aviation Capital, Starwood Hotels, Thermo Fisher Scientific, Time Warner, US Foods, Viacom, Viatris and WestRock.

Mr. Bobby’s notable matters include representing:

      • Axalta in its pending $25 billion merger of equals with AkzoNobel;
      • Johnson & Johnson in numerous matters, including its pending $3.05 billion acquisition of Halda Therapeutics, its $14.6 billion acquisition of Intra‑Cellular Therapies, its $2 billion acquisition of Ambrx, the IPO and separation of Kenvue, its $16.6 billion acquisition of Abiomed, its $6.5 billion acquisition of Momenta, its $3.4 billion acquisition of Auris Health, the $2.8 billion sale of its Advanced Sterilization Products business to Fortive, the $2.1 billion sale of its LifeScan business to Platinum Equity, the $1.045 billion sale of its Codman Neurosurgery business to Integra and its $30 billion acquisition of Actelion;
      • Kenvue in its pending $48.7 billion acquisition by Kimberly‑Clark;
      • Fitch Learning, a subsidiary of Hearst, in its pending acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute;
      • Martin Marietta in its pending exchange of certain assets with Quikrete, its acquisition of Premier Magnesia, its $2.05 billion acquisition of aggregates operations from Blue Water Industries, the $2.1 billion sale of its South Texas cement business and related concrete operations to CRH, the proposed sale of its California cement plant and related terminals, the sale of certain West Coast cement and concrete operations to CalPortland and its $2.3 billion acquisition of Lehigh West Region;
      • Lindsay Goldberg and its portfolio companies in connection with multiple transactions, including Amentum’s Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue; the sale of Liquid Tech Solutions to Velocity Rail Solutions, a Wind Point Partners portfolio company; the acquisition of Golden State Foods; the acquisition of The Kleinfelder Group; Summit Interconnect’s acquisition of Royal Circuit Solutions; and the sale of Pixelle to H.I.G. Capital;
      • AngloGold Ashanti in its pending C$197 million acquisition of Augusta Gold and its corporate restructuring and change to domicile and primary listing location;
      • Illumina in its $8 billion acquisition and subsequent spin‑off of GRAIL and its pending acquisition of SomaLogic;
      • Costamare in the spin-off of Costamare Bulkers;
      • Bridge Investment Group’s special committee in the $1.5 billion acquisition by Apollo;
      • Light & Wonder in its $850 million acquisition of Grover Charitable Gaming, the $6.05 billion sale of SG Lottery to Brookfield and $1.2 billion sale of OpenBet to Endeavor, its acquisition of the remaining stake in SciPlay, the $925.5 million sale of a 34.9% stake to institutional investors and its $363.5 million carve-out IPO of SciPlay;
      • FactSet in its $246.5 million acquisition of LiquidityBook and its acquisition of Irwin;
      • Just Eat Takeaway.com in the sale of Grubhub to Wonder;
      • Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink;
      • Consolidated Communications’ special committee in the $3.1 billion acquisition by Searchlight and BCI;
      • ADT in the $1.6 billion sale of its commercial business to GTCR;
      • Hasbro in its $4 billion acquisition of Entertainment One (eOne), the sale of its eOne film and TV business to Lionsgate and the sale of eOne Music to Blackstone;
      • BDT and its affiliates in connection with multiple transactions, including BDT’s combination with MSD Partners and the take‑private acquisition of Weber, valuing Weber at $3.7 billion;
      • Owl Rock in Fifth Season Investments’ $220 million acquisition of Fifth Season Financial and the life insurance investment assets of Chapford Capital II and Chapford Diversified Strategies Fund;
      • RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses; 
      • SMBC Aviation Capital in its $6.7 billion acquisition of Goshawk Aviation;
      • CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
      • GreenSky in its $2.24 billion acquisition by Goldman Sachs;
      • Afterpay in its $29 billion acquisition by Block;
      • Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern;
      • National Grid in its £7.8 billion acquisition of Western Power Distribution and the $3.8 billion sale of Narragansett Electric;
      • AerCap in its $30 billion acquisition of GE Capital Aviation Services;
      • AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses;
      • Time Warner in its $109 billion sale to AT&T;
      • Northrop Grumman in the $3.4 billion sale of its federal IT and mission support business to Veritas Capital;
      • Centrica in its $3.625 billion sale of Direct Energy to NRG Energy;
      • Just Eat Takeaway.com in its $7.3 billion acquisition of Grubhub;
      • Novartis in the $29.8 billion spin‑off of Alcon;
      • US Foods in its $500 million convertible preferred equity investment from KKR and its $970 million acquisition of Smart Foodservice;
      • Olin in its $5 billion tax-efficient Reverse Morris Trust merger with the chlorine value chain business of Dow Chemical;
      • Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
      • Viacom’s transaction committee in the $30 billion merger with CBS;
      • WestRock in its $4.9 billion acquisition of KapStone;
      • Starwood Hotels in its $13.3 billion sale to Marriott;
      • British American Tobacco in its $97 billion acquisition of Reynolds American;
      • Crown Castle in several transactions, including its $7.1 billion acquisition of Lightower; and
      • Mylan in its $9.9 billion acquisition of Meda, its proposal to acquire Perrigo in a transaction valued at approximately $35 billion and its $750 million acquisition, through its Indian subsidiary Mylan Laboratories, of certain female healthcare businesses from Famy Care.

Mr. Bobby has been recognized for his work in the employee benefits and executive compensation arena by Chambers USA and he has also received Euromoney Legal Media Group’s 2022 Americas Rising Star Award for “Best in Labor & Employment.” Mr. Bobby is a frequent author and speaker on executive compensation and employee benefits topics and spoke on a panel at the American Bar Association’s 2023 Business Law Section Hybrid Spring Meeting.

Mr. Bobby was born in Pittsburgh, Pennsylvania. He received a B.A. summa cum laude in mathematics and physics and an M.A. in mathematics from the University of Pennsylvania in 2009, where he was elected to Phi Beta Kappa, and a J.D. magna cum laude from Harvard Law School in 2012, where he was an Executive Editor of the National Security Journal and the International Law Journal. Following his graduation, Mr. Bobby served as a law clerk to Hon. Joseph Jerome Farris of the U.S. Court of Appeals for the Ninth Circuit.

Mr. Bobby joined Cravath in 2013 and was elected a partner in 2020.

Education

  • J.D., 2012, Harvard Law School
    magna cum laude
  • M.A., 2009, University of Pennsylvania
  • B.A., 2009, University of Pennsylvania
    Phi Beta Kappa, summa cum laude

Clerkships

  • Hon. Jerome Farris, U.S. Court of Appeals for the Ninth Circuit

Admitted In

  • New York

Rankings

Americas Rising Star Awards - Best in Labor & Employment, Euromoney Legal Media Group (2022)

Chambers USA

  • Employee Benefits and Executive Compensation - New York (2025)

Deals & Cases

November 18, 2025

Axalta’s $25 Billion Merger of Equals with AkzoNobel

On November 18, 2025, Axalta Coating Systems Ltd. (“Axalta”) and Akzo Nobel N.V. announced that they have entered into a definitive agreement to combine in an all‑stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion. Cravath is representing Axalta in connection with the transaction.

Deals & Cases

November 17, 2025

Johnson & Johnson’s $3.05 Billion Acquisition of Halda Therapeutics OpCo, Inc.

On November 17, 2025, Johnson & Johnson announced it has entered into a definitive agreement to acquire Halda Therapeutics OpCo, Inc., a clinical‑stage biotechnology company with a proprietary Regulated Induced Proximity TArgeting Chimera (RIPTACTM) platform to develop oral, targeted therapies for multiple types of solid tumors, including prostate cancer, for $3.05 billion in cash. Cravath is representing Johnson & Johnson in connection with the transaction.

Deals & Cases

November 03, 2025

Kenvue’s $48.7 Billion Acquisition by Kimberly‑Clark

On November 3, 2025, Kenvue Inc. (“Kenvue”), a global consumer health leader, and Kimberly‑Clark Corporation (“Kimberly‑Clark”), a global personal care leader, announced an agreement under which Kimberly‑Clark will acquire all of the outstanding shares of Kenvue common stock in a cash and stock transaction that values Kenvue at an enterprise value of approximately $48.7 billion, based on the closing price of Kimberly‑Clark common stock on October 31, 2025. Under the terms of the agreement, which has been unanimously approved by each company’s Board of Directors, Kenvue shareholders will receive $3.50 per share in cash as well as 0.14625 Kimberly‑Clark shares for each Kenvue share held at closing. Upon closing of the transaction, current Kenvue shareholders are expected to own approximately 46% and current Kimberly‑Clark shareholders are expected to own approximately 54% of the combined company on a fully diluted basis. Cravath is representing Kenvue in connection with the transaction.

Deals & Cases

August 15, 2025

Fitch Learning’s Acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute

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

Symetra Life’s Surplus Notes Offering

Cravath represented Symetra Life Insurance Company (“Symetra Life”) in connection with its $500 million 144A/Reg. S surplus notes offering. Symetra Life is a wholly owned subsidiary of Symetra Financial Corporation, a financial services company in the life insurance industry. The transaction closed on July 24, 2025.

Activities

February 28, 2025

Cravath and Harvard Law School Host International Fellowship Event

On February 26, 2025, Cravath and Harvard Law School hosted a program to celebrate the work of the Cravath International Fellows, which was held in Cambridge, Massachusetts. Established in 2006 by Cravath partners who are Harvard Law School alumni, under the leadership of the late Robert D. Joffe, the Cravath International Fellowships program provides financial assistance, including travel and living expenses, to students pursuing academic projects during their Winter Term with an international, transnational or comparative law focus. Approximately 12 Cravath International Fellowships are awarded annually.

Publications

January 22, 2025

IRS Publishes Proposed Regulations to Expand Denial of Compensation Deduction Under Section 162(m)

On January 21, 2025, Cravath prepared a memo for its clients entitled “IRS Publishes Proposed Regulations to Expand Denial of Compensation Deduction Under Section 162(m).” The memo examines the Internal Revenue Service’s proposed regulations to expand the group of employees covered by Section 162(m), as required by the American Rescue Plan Act of 2021.

Publications

August 22, 2024

Texas Federal Court Invalidates FTC’s Noncompete Ban Nationwide

On August 21, 2024, Cravath prepared a memo for its clients entitled “Texas Federal Court Invalidates FTC’s Noncompete Ban Nationwide.” The memo examines the U.S. District Court for the Northern District of Texas’s recent opinion and order setting aside the Federal Trade Commission’s new final rule banning all noncompete agreements with employees and preventing its implementation nationwide.

Publications

April 25, 2024

FTC Adopts Rule “Banning” Non‑Compete Clauses with Workers

On April 25, 2024, Cravath prepared a memo for its clients entitled “FTC Adopts Rule “Banning” Non‑Compete Clauses with Workers.” The memo examines the Federal Trade Commission’s recently adopted final rule broadly deeming non‑compete clauses with “workers” to be an “unfair method of competition” under Section 5 of the Federal Trade Commission Act. The memo outlines how the final rule does not necessarily constitute a ban on non‑compete clauses, potential legal challenges to the final rule and expected future enforcement. The memo concludes with recommendations for companies to consider to ensure they are in position to adapt to the changing landscape.

Publications

November 13, 2023

New York Passes Law Restricting Scope of Employee IP Assignment Agreements

On November 7, 2023, Cravath prepared a memo for its clients entitled “New York Passes Law Restricting Scope of Employee IP Assignment Agreements.” The memo examines the new Section 203-f of the New York Labor Law recently signed by Governor Hochul, which renders unenforceable assignment provisions with respect to certain inventions in employment agreements. The memo outlines what types of agreements the law renders unenforceable, its exceptions, the consequences of violating the law, notice requirements and next steps for employers to consider.

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