News & Events

The Firm is representing Centerview Partners LLC (“Centerview”) in its role as financial advisor to Hubbell Incorporated (NYSE: HUBA, HUBB) (the “Company”) in connection with the Company's plan to reclassify its common stock to eliminate its existing two-class structure (that currently consists of “high vote” Class A common stock and “low vote” Class B common stock). Under the terms of the proposed reclassification, holders of Class A common stock will receive a cash payment of $28 for each share of Class A common stock held, and each share of Class A common stock and each share of Class B common stock will be reclassified into one share of common stock of the Company entitled to one vote per share on all matters brought to the Company's shareholders.

Centerview was engaged by the Company for the purposes of undertaking a fairness evaluation with respect to the consideration  to be paid to the holders of the Company’s Class A Common Stock other than the shares held or beneficially owned by The Louie E. Roche Trust and The Harvey Hubbell Trust.

Subject to customary closing conditions, including required shareholder approvals, the proposed reclassification is expected to be completed in the fourth quarter of 2015 or the first quarter of 2016.

Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications.

The Simpson Thacher team includes Rob Spatt, Nick Ramphal and Jivaji Moré.