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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.

Savills to Acquire Studley

Our client Savills plc, a global real estate services provider listed on the London Stock Exchange with more than 500 offices and associates throughout the world, executed agreements to acquire Studley, Inc., a New York-based privately held real estate services provider with 25 offices throughout the United States that focuses principally on commercial tenant representation, project management and transaction advisory services. The transaction, valued at approximately $260 million, includes approximately $67.7 million payable in cash at closing, a further $60 million payable in cash on the first anniversary of closing and up to an additional $70 million payable in cash on the third anniversary of closing. In addition, Savills will issue an aggregate of approximately $62.3 million of its ordinary shares to Studley's stockholders in equal one-third increments following the first three anniversaries of the closing. The transaction is expected to close at the end of May.

The Paul, Weiss team included corporate partners Toby Myerson, Carl Reisner, Mark Bergman, David Huntington and Ray Russo, counsel Scott Grader, Didier Malaquin and Philip Heimowitz; tax partner David Sicular; employee benefits partner Andrew Gaines; real estate partner Salvatore Gogliormella; and environmental counsel William O'Brien.

May 1, 2014

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