Davis Polk is advising Smith & Nephew plc in connection with its approximately $1.7 billion proposed acquisition of ArthroCare Corp. The acquisition will be subject to customary conditions, including a vote of ArthroCare’s shareholders and governmental clearances. Pending the satisfaction of such conditions, Smith & Nephew anticipates closing the transaction in mid-2014.
Smith & Nephew is a global medical technology business with leadership positions in Advanced Surgical Devices and Advanced Wound Management. ArthroCare, which is headquartered in Austin, Texas, develops and manufactures surgical devices, instruments and implants that strive to enhance surgical techniques as well as improve patient outcomes.
The Davis Polk corporate team includes partners George R. Bason Jr. and Michael Davis and associates Brian J. Snyder, Daniel N. Borlack and Jennifer Pinchevsky. Partner Jeffrey P. Crandall is providing executive compensation advice. Partner Ronan P. Harty and counsel Michael N. Sohn are providing antitrust and competition advice. Partner Kathleen L. Ferrell is providing tax advice. Counsel Betty Moy Huber is providing environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices.
