Wisconsin Energy Company and Integrys Energy Group, Inc. announced that they have entered into a definitive merger agreement under which Wisconsin Energy will acquire Integrys in a transaction valued at $9.1 billion. Cravath represented Integrys in connection with this transaction, which has been unanimously approved by the boards of directors of both companies and is expected to close in the summer of 2015, subject to receipt of shareholder and regulatory approvals and satisfaction of other customary closing conditions. Upon completion of the transaction, the combined company will be named WEC Energy Group, Inc.
The Cravath team was led by partners Mark I. Greene and Andrew R. Thompson and included associates Bomi Lee and David P. Willard on M&A matters; partner Michael L. Schler and associate Andrew Carlon on tax matters; partner Eric W. Hilfers and associates Matthew Cantor and Julia L. Onorato on executive compensation and benefits matters; partner Christine A. Varney and associate Margaret Segall D’Amico on antitrust matters; and senior attorney Annmarie M. Terraciano on environmental matters. Summer associate Hugh H. Manahan also worked on M&A matters.
