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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.

Marriott Vacations Worldwide to Acquire ILG for $4.7 Billion

Paul, Weiss is representing timeshare operator ILG in its $4.7 billion cash-and-stock sale to Marriott Vacations Worldwide, creating a leading global provider of premier vacation experiences. Under the terms of the agreement, which was unanimously approved by both companies' boards, ILG shareholders will receive $14.75 in cash and 0.165 shares of MVW common stock for each ILG share. The transaction is expected to close in the second half of 2018, subject to regulatory and shareholder approvals. Following the close of the transaction, ILG shareholders will own approximately 43 percent of MVW's common shares.

ILG operates more than 40 properties and over 250,000 owners. The combined company will be the global licensee of seven upper-upscale and luxury vacation brands using the Marriott, Ritz-Carlton, Sheraton, Westin, St. Regis and Hyatt names.

The Paul, Weiss team included corporate partners Scott Barshay, John Kennedy, Jordan Yarett, Gregory Ezring, Claudine Meredith-Goujon and Manuel Frey and counsel Kelly Mellecker, Ryan McNaughton, Marta Kelly, Caith Kushner, Kyle Seifried and Frances Mi; employee benefits partner Andy Gaines and Larry Witdorchic and counsel Jarrett Hoffman; tax partners Jeffrey Samuels and Scott Sontag and counsel Alyssa Wolpin; litigation partners Dan Toal, Lew Clayton and Jaren Janghorbani and counsel Peter Jaffe; real estate partner Mitchell Berg; and environmental counsel William O'Brien.

April 30, 2018

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