On March 6, 2012, AmerisourceBergen Corporation announced that it has signed a definitive agreement to purchase World Courier Group, Inc., a privately held leading global specialty transportation and logistics provider for the biopharmaceutical industry, for $520 million in cash.
The transaction is subject to certain regulatory reviews and other customary closing conditions. Cravath represented AmerisourceBergen in this transaction.
The Cravath team included partner Damien R. Zoubek and associates Charles Stern and Benjamin S. Persina on corporate matters; partner Jennifer S. Conway, practice area attorney M. C. Tania Balthazaar and associate Kimberly L. Steefel on executive compensation and benefits matters;
partner Lauren Angelilli and associate Kara L. Mungovan on tax matters; partner Matthew Morreale on environmental matters; practice area attorney Gary R. Eisenman on real estate matters; and senior attorney David M. Stuart on regulatory compliance matters.
On February 9, 2012, Cravath represented the initial purchasers, led by Citi, Credit Suisse Securities, Deutsche Bank Securities and RBS, in connection with the US$3.5 billion 144A/Reg. S senior debt offering of Aristotle Holding, Inc., a wholly owned subsidiary of Express Scripts, Inc. Express Scripts, Inc. is one of the largest Pharmacy Benefit Management companies in North America.
The Cravath team included partners William J. Whelan III and associates Leigh M. Harlan and Michael Saliba on corporate matters and partner Andrew W. Needham on tax matters. Allison M. Wein also worked on corporate matters.
On February 15, 2012, Cravath represented the initial purchasers, Credit Suisse and HSBC, in connection with the US$1.25 billion Rule 144A/Regulation S high-yield senior debt offering of Reynolds Group Issuer LLC, Reynolds Group Issuer Inc. and Reynolds Group Issuer (Luxembourg) S.A. Reynolds Group is a leading global manufacturer and supplier of consumer food, beverage and foodservice packaging products.