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Skadden, Sullivan & Cromwell
In Insurance Company Merger


Health insurance giant UnitedHealth Group has agreed to merge with Oxford Health Plans, Inc. in a deal valued at close to $5 billion. The stock and cash transaction will give UnitedHealth 1.5 million new members.

Oxford is a health insurer with a large member-base in areas of New York, New Jersey and Connecticut. The company was founded in 1984.

After the merger, Oxford will keep its name and operate as a wholly owned subsidiary of UnitedHealthcare.

The merger was announced only a short time after talks of a possible acquisition of Oxford by WellChoice Inc. fell through.

Skadden, Arps, Slate, Meagher & Flom provided representation for UnitedHealth Group. The lawyers who worked on the deal were partners Paul T. Schnell, Neil P. Stronski, Clifford H. Aronson, Robert J. Sullivan, Neil M. Leff and Clifford R. Gross; and associates Jeffrey A. Brill, Brandon Van Dyke, Charles O. Prince IV, Joshua A. Mullin and Jessica A. Hough.

Sullivan & Cromwell was legal counsel for Oxford. The Sullivan team was led by partner Keith A. Pagnani and included partners Dan Dunson, Max J. Schwartz, Marc R. Trevino, Yvonne S. Quinn and Ronald E. Creamer Jr.; associates John Pollack, D. Forest Wolfe, Ruby Hou Alexander, Phil L. Rothenberg, Bindu Culas, Rebecca S. Coccaro, Tiffany D. Yonker, Marissa J. Holob, Ronald J. Colombo, David J. Passey, Miriam Elizabeth Paul and Jen Palm; and special counsel Chiahua Pan, Joshua R. Bressler and Matthew J. Brennan.

Davis Polk, Sullivan & Cromwell
In Vans Acquisition by VF Corp.


Shoe and apparel maker Vans Inc., has been acquired by the VF Corporation for approximately $396 million.

Vans is an industry leader in the action sports market, which includes sports such as skateboarding and surfing. The deal will provide VF Corp., the world’s largest apparel company, with a recognizable name in an expanding market.

Vans is a company that appeals to young consumers ages 10 to 24. It seeks to reach customers through the sponsorship of events that include the VANS Warped Tour. The traveling festival features music acts and demonstrations focusing on the action sports culture.

The company operates 155 retail stores in the U.S. and Europe.

Davis Polk & Wardwell represented VF Corp. The team included partners George R. Bason Jr., John D. Amorosi, Kathleen L. Ferrell, Edmond T. FitzGerald and Gail A. Flesher; associates Jeffrey A. Evans, Nandan Kamath, Barbara Niederkofler, Nora Newton Muller, Emily R. Pollack, Ada Dekhtyar, Bernice A. Grant, Rachel Kleinberg, Sean H. Porter, Joshua D. Malkin and Jane MacRae; and counsel Douglas A. Cardwell.

Sullivan & Cromwell provided representation for Vans. The lawyers who worked on the deal included partners Alison S. Ressler, Eliyahu D. Jacobson and Max J. Schwartz; associates Cristin J. O’Callahan, William A. Ryan, Michael A. Foley, Matthew M. Friestedt and Tiffany D. Yonker; special counsel Matthew J. Brennan, Joshua R. Bressler, Michael B. Miller and Juan A. Rodriguez.

Corrections

In the April 29 New Deals, partner Isam Salah of King & Spalding was wrongly identified as an associate, and the middle initial of associate Kristin N. Johnson of Simpson, Thacher & Bartlett was incorrect.

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