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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Grupo Elektra Closes on Acquisition of Advance America

Announced yesterday, Paul, Weiss client, Grupo Elektra, S.A.B. de C.V. has completed the previously announced agreement to acquire all of the outstanding shares of Advance America, Cash Advance Centers for $10.50 per share. Grupo Elektra, which offers banking services, credit and other financial products to underserved consumers in Mexico and other Latin American countries, is a publicly traded company on the Mexican stock exchange.

The Paul, Weiss team advising Grupo Elektra included corporate partners Ariel J. Deckelbaum, Thomas V. de la Bastide III, Charles H. Googe, Jr., John C. Kennedy and Valerie E. Radwaner, counsel Didier Malaquin and Christopher T. Poggi; litigation partners Jay Cohen and Andrew G. Gordon; employee benefits partner Lawrence I. Witdorchic; tax partner David W. Mayo; and environmental counsel William J. O'Brien.

May 7, 2012

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