Publicis Groupe and Sapient announced that they have entered into a definitive agreement under which Publicis Groupe will acquire Sapient in an all‑cash transaction for $25.00 per share, or approximately $3.7 billion. Cravath represented Sapient in this transaction, which is expected to close in the first quarter of 2015, subject to the satisfaction of customary closing conditions and regulatory approvals.
The Cravath team was led by partners Faiza J. Saeed and Eric L. Schiele and included associates Amanda R. Fenster and Nicholas M. Foley on M&A matters; partner Eric W. Hilfers and practice area attorney M. C. Tania Balthazaar on executive compensation and benefits matters; partner J. Leonard Teti II and associate Jay S. Gill on tax matters; partner Matthew Morreale on environmental matters; partner David J. Kappos and associate Nicholas A. Jackson on intellectual property matters; and partner Christine A. Varney and associate Margaret Segall D’Amico on antitrust matters. Steven Y. Li and Christine H. Liu also worked on M&A matters and Sarah W. Colangelo also worked on executive compensation and benefits matters.
Source: www.cravath.com
