Mergers and acquisitions

Author: | Published: 1 Aug 2005

Dewey Ballantine and Wachtell Lipton Rosen & Katz were the lead advisers on pharmaceutical company Omnicare's acquisition of NeighborCare. The deal, which is worth about $1.8 billion, will create a company with a combined network supplying long-term healthcare providers in 47 states and in the District of Columbia. Dewey Ballantine advised Omnicare on the merger alongside Axinn Veltrop & Harkrider. Wachtell Lipton was counsel to NeighborCare.

Cleary Gottlieb Steen & Hamilton and Wachtell Lipton Rosen & Katz acted on Bank of America's (BoA) latest blockbuster merger. The bank announced its intention to buy MBNA, the credit card and payment systems company, for around $35 billion, in what is the second largest US mergers and acquisitions deal of the year and the fifth largest in the country's financial sector. Jack Murphy and Chris Austin were the lead Cleary Gottlieb partners. The same firms lined up on BoA's $47 billion...