Tax

On October 8, 2026, Viatris Inc. (“Viatris”), a global healthcare company, and Pacira BioSciences, Inc. (“Pacira”), a leader in innovative non‑opioid pain therapies, announced that they have entered into a definitive agreement under which Viatris has agreed to acquire all of the outstanding shares of common stock of Pacira for $36.50 per share in cash, representing an aggregate equity value of $1.65 billion. Cravath is representing Viatris in connection with the transaction.

On September 30, 2026, Westinghouse Electric Company (“Westinghouse”) and Brookfield Asset Management (“Brookfield”) welcomed the new strategic partnership between the U.S. Government and the Republic of Korea (“Korea”) to support the deployment of Westinghouse technology in the U.S. Under the partnership, Korea commits up to $120 billion of investment to help finance the construction of eight nuclear reactors in the U.S., including six Westinghouse AP1000 reactors and two Korean APR1400 reactors which also incorporate Westinghouse technology. The partnership also provides for a cornerstone equity investment of between 5% and 10% in Westinghouse by Korea. Cravath is representing Westinghouse and Brookfield in connection with the strategic partnership.

On October 1, 2026, Corteva, Inc. (“Corteva”) announced it has successfully spun off its advanced seed and genetics business as a new public company, Vylor, Inc., and will move forward as a leading, pure‑play global crop protection company. Cravath is representing Corteva in connection with the transaction.

On August 31, 2026, Aon, a leading global professional services firm, announced the signing of a definitive agreement to acquire USI, a leading provider of property & casualty, employee benefit, personal risk and retirement solutions for the middle market and the tenth largest U.S. insurance broker, from KKR and other shareholders for a total purchase price of $17 billion. Aon expects to fund the transaction, as well as related transaction expenses and other costs, with new debt raised across a range of maturities, subject to market conditions. The transaction has been unanimously approved by the Board of Directors of Aon and the Board of Directors of USI. Cravath is representing Aon in connection with the transaction.

On June 29, 2026, Martin Marietta Materials, Inc. (“Martin Marietta”), a leading supplier of aggregates and other building materials, announced that it has entered into a definitive agreement to combine with Lhoist North America, Inc. (“Lhoist North America”), a leading producer of hi‑calcium lime, dolomitic lime and industrial mineral products and a subsidiary of Lhoist Group, for $13.5 billion in cash and shares of Martin Marietta common stock. The transaction is expected to be completed in the second half of 2026, subject to regulatory approvals. Cravath is representing Martin Marietta in connection with the transaction.

On September 29, 2026, the Harvard Law School Forum on Corporate Governance published Cravath’s latest quarterly newsletter on M&A, activism and corporate governance. The newsletter provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape during the second quarter of 2026. Contributors to this edition include partners Margaret T. Segall, Evan A. Hill, Matthew L. Ploszek, Kimberley S. Drexler and Adam M. Sanchez.

Alice Abreu is the Honorable Nelson A. Diaz Professor of Law and the Director of the Center for Tax Law and Public Policy at Temple University Beasley School of Law. In this episode of On Tax, she and Cravath partner and host Len Teti talk about the evolution of Alice’s career, from law school—where she was initially skeptical of tax—to private practice in the field, to her more than 40 years as a tax professor. Alice also shares advice for young lawyers and reflects on the fulfillment she finds in watching her students grow into practitioners.

On September 9, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Darin Zywan is a Principal, Corporate Tax, at the KPMG Washington National Tax practice. In the Season 12 premiere of On Tax, he and Cravath partner and host Len Teti talk about Darin’s path to the law through the world of accounting, and how an early‑career moment of serendipity led him to discover a passion for corporate tax. They also discuss how a willingness to embrace opportunities to contribute and learn helped drive Darin’s development as a tax lawyer.

Cravath released the Summer 2026 issue of its Alumni Journal, which highlights the Firm’s global alumni community. This issue features the career journey of Colin Bennett, General Counsel and Chief Compliance Officer at Skims, as well as two recent conversations—one with Rebecca Rettig, the Chief Operating Officer and Chief Legal Officer of Jito Labs, and the other with the Honorable LaShann DeArcy Hall, a United States District Court Judge for the Eastern District of New York. This edition also includes photos from the Firm’s June 2026 Zoo Party, which brought together Cravath attorneys, summer associates and their families at the Central Park Zoo in Manhattan.