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Simpson Thacher Represents JPMorgan Chase & Co. in Sale of its 45% Equity Interest in Carlson Wagonlit Travel

06.24.14

Simpson Thacher is representing JPMorgan Chase & Co. (NYSE: JPM) in connection with the announced sale of its 45% equity interest in Carlson Wagonlit Travel (“CWT”) to Carlson, Inc., the majority stockholder of CWT.  Financial terms of the transaction were not disclosed.  The transaction is expected to close in July 2014, subject to customary closing conditions.

CWT is a global leader specialized in managing business travel and meetings and events.  CWT serves companies, government institutions and non-governmental organizations of all sizes in more than 150 countries and territories.

The Simpson Thacher team includes: Lee Meyerson, Sam Warfield and Austen Heim (M&A); Sophie Staples (Tax); and Ellen Frye (Antitrust).