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Simpson Thacher Represents ITT in Merger with EDO Corporation

09.17.07

The Firm is representing ITT Corporation in connection with its announced acquisition of EDO Corporation, a global aerospace and defense company, for $56 per share, or approximately $1.7 billion, including the assumption of approximately $120 million in debt and the conversion of convertible debt. The transaction is subject to customary conditions and regulatory approvals and is expected to close in early 2008.

The Simpson Thacher team working on the transaction includes: Gary Sellers, Caroline Gottschalk, Kathryn King Sudol, Matthew Meyer, Piero Corigliano and Ajay Kohli (M&A); Charlie Rappaport and Sean Austin (Tax); Alvin Brown, Andrew O'Brien and Robert Lakind (Employee Benefits); Fagie Hartman, Jacqueline Rosenblum and Andrew Janis (Labor); Adeeb Fadil (Environmental); Lori Lesser and Marcela Robledo (Intellectual Property); Dan Tabak (Litigation); and Ken Ziman (Bankruptcy). Corporate paralegal Ellen Dadanina also provided valuable assistance on this transaction.