Skadden Arps Slate Meagher & Flom, Simpson Thacher & Bartlett and Linklaters have taken the lead roles on one of the largest UK-US acquisitions of recent years – National Grid’s £6.8bn acquisition of US energy rival KeySpan.

Skadden is advising National Grid on the acquisition, which was announced today (27 February), and sees the UK-based energy giant win an auction to acquire the company, America’s fifth-largest gas distributor. New York corporate partner Sheldon Adler led the Skadden team.