Firm Represents Hellman & Friedman in Announced Acquisition of Catalina Marketing Corp.
04.17.07
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The firm is representing Hellman & Friedman in its announced acquisition of Catalina Marketing Corp., a publicly held marketing services and information provider, for approximately $1.7 billion. Catalina shareholders will receive $32.50 in cash for each share of common stock they own, $0.40 per share higher than under the terms of the merger agreement Catalina signed on March 8, 2007 with affiliates of ValueAct Capital Master Fund L.P., which contained a “go shop” provision. The transaction was announced on April 17 and is expected to close in the third quarter.
The Simpson Thacher team includes Rich Capelouto, Peter Malloy, Stephen Ballas, Rhett Van Syoc and Joshua Koenig (M&A); Jay Ptashek, Brian Steinhardt and Ana Navia (Credit); Steven Todrys (Tax); Brian Robbins, Jamin Koslowe and Michael Richman (Employee Benefits); Lori Lesser, Robyn Rahbar and Agnes Dunogue (Intellectual Property); and Jonathan Youngwood and Yuval Sheer (Litigation). Paralegal Amy Craiger also provided valuable assistance.