A Weil team led by Dallas Corporate partner Glenn West advised the special committee of the board of directors of Titanium Metals Corporation (TIMET), the largest titanium manufacturer in the US, in TIMET’s all-cash sale to Precision Castparts Corp., a worldwide manufacturer of complex metal components and products. The total equity value of the transaction was approximately $2.9 billion. The merger was approved by the boards of directors for both companies, and the deal is expected to close by the end of 2012.
In addition to Glenn West, the Weil team advising the special committee of TIMET’s board of directors included M&A partner Jay Tabor (Dallas); Public Company Advisory Group partner P.J. Himelfarb (Dallas); Litigation partner Greg Danilow (New York); Tax partner Jared Rusman (Dallas); Benefits partner Michael Kam (New York); Antitrust partner Douglas Nave (London); Corporate associates Mandisa Price and Drew Mosier (both of Dallas); Public Company Advisory Group associate Adé Heyliger (Washington, DC); Litigation associate Evert Christensen (New York); and Antitrust associate Neil Rigby (London).
