Mergers & Acquisitions
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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, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
Liz Claiborne Completes Sale of Namesake Brand
Paul, Weiss advised Liz Claiborne, Inc. (NYSE: LIZ) in the completion of its previously announced agreement to sell the Liz Claiborne family of brands and Monet brand to J. C. Penney Corporation, Inc, in a transaction that produced approximately $287 million of cash for our client. Liz Claiborne also entered into certain wholesaling and development deals ancillary to the brand purchases. The transaction closed on November 2.
The Paul, Weiss team included, among others, corporate partners Thomas V. de la Bastide, Kelley D. Parker and Robert B. Schumer, counsel Brian P. Finnegan, Scott Fisher, Stephen K. Koo and Didier Malaquin; intellectual property counsel Claudine Meredith-Goujon; tax partner David R. Sicular; real estate counsel Barry Langman; and employee benefits counsel Erin Murphy. Litigation partner Andrew G. Gordon also provided invaluable assistance.