On August 24, 2015, Southern Company and AGL Resources announced that the boards of directors of both companies have approved a definitive merger agreement to create America’s leading U.S. electric and gas utility company. Pursuant to the agreement, Southern Company will acquire AGL Resources for cash in a transaction with an enterprise value of approximately $12 billion, including a total equity value of approximately $8 billion. Cravath represented AGL Resources in connection with this transaction.
The Cravath team was led by partners Richard Hall and Andrew R. Thompson and included associates Jared B. Taylor, Christopher S. Boutros and Feihong Xu on M&A matters; partner Eric W. Hilfers and associate Matthew Cantor on executive compensation and benefits matters; partner Christopher K. Fargo, senior attorney Andrew Carlon and associate Sara L. Lykken on tax matters; partner David J. Kappos and associate Christopher P. Davis on intellectual property matters; partner Christine A. Varney and associate Caitlin N. Fitzpatrick on antitrust matters; partner George E. Zobitz on financing matters; and senior attorney Annmarie M. Terraciano on environmental matters.
Source: www.cravath.com
